Pensions

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Trouble in store

1 March 2010 Corporate Adviser

We all know the annuitisation process is flawed. Trustees, providers, advisers and employers need to change their approach if they are to avoid claims for compensation says Gill Wadsworth

Prudential to close corporate pensions new business team

24 Feb 2010

Prudential is shutting down its corporate pensions new business team, but insists that it remains open for new business.

DWP personal accounts head 'unable to explain position on RDR' : Altmann joins criticism of consultancy charging

23 Feb 2010

The Department for Work and Pensions has been accused of not understanding the potential effects of the RDR on workplace savings after its head of personal accounts reform was unable to state a position on the issue at a briefing last month.

Sharing the burden

1 February 2010 Corporate Adviser

Risk-sharing - the saviour of workplace pensions or an idea that has had its day? Gill Wadsworth asks what the future holds for risk-sharing now the Government has rejected the latest batch of proposals

Let's fight to preserve pensions' golden rule

1 February 2010 Corporate Adviser

The way the Treasury is changing tax relief on pensions needs to be vigorously challenged by the industry says John Lawson, head of pensions policy at Standard Life

Three quarters to stay in Nest overall, but huge age and regional differences - B&CE

26 Jan 2010

Almost three quarters of employees intend to stay opted into the National Employment Savings Trust, but take-up varies widely according to region and take-up, according to new research.

DC pensions fair well in market surge but timing of retirement is crucial - Mercer

25 Jan 2010

Surging equity prices mean that many employees may be able to work fewer years than recently feared in order to retire on a reasonable income, according to calculations from Mercer.

Consultancy charging need not choke off group pensions - Scottish Life

25 Jan 2010

Scottish Life has rejected suggestions that an RDR-enforced move to consultancy charging that is akin to its own financial adviser’s fee model will choke off group pension distribution.

Broad industry support as personal accounts rebranded as 'Nest'

7 Jan 2010

The proposed national scheme for employees without access to a private workplace pension is to be rebranded as Nest.

Enrich launches pensions arm as Gissings' two-year non-compete clause expires

7 Jan 2010

Enrich, the benefits and reward company formed from the group risk business of Gissings, is launching a pensions service two years after the organisation was cut in two by a management buy-out.

Nothing reckless about conservatism

1 January 2010 Corporate Adviser

The personal accounts default fund cannot afford to take too many risks in its early years says Mark Fawcett, investment director of the Personal Account Default Fund

Turf war between providers and advisers

1 January 2010 Corporate Adviser

Advisers say providers are increasingly targeting their clients direct. Gill Wadsworth finds insurers parking their tanks onconsultants’ lawns

RDR - FSA to ignore occupational commission loophole for present

16 Dec 2009

Providers and advisers will still be able to circumvent the RDR’s ban on commission for group pensions by opting for occupational structures.

RDR: FSA outlaws commission on GPPs in favour of 'consultancy charging'

16 Dec 2009

Commission on group personal pensions is to be outlawed by the FSA, which will require advisers to agree charges with employers under a process called ‘consultancy charging’.

Friends corporate platform roll-out to include execution-only Sipp and DB investment functionality

14 Dec 2009

Friends Provident is launching an execution-only Sipp as part of the roll out of its corporate platform functionality through 2010.

PBR - High-earner pensions blow 'will accelerate pension cuts for rest of workforce'

9 Dec 2009

Alistair Darling’s lowering of the pension tax relief restrictions for high earners £150,000 to £130,000 will drag more decision-makers into the anti-forestalling regime and so risk pension provision for other staff say experts.

PBR - Increase in National Insurance to make salary sacrifice more attractive

9 Dec 2009

Salary sacrifice arrangements will be more attractive from April 2011 as National Insurance rises by 1 per cent, says experts.

PBR - Five year auto-enrolment timetable starts 2012 - DWP

9 Dec 2009

The full roll-out of personal accounts and automatic enrolment will be delayed until 2017 to reduce the amount of tax relief given away by the Treasury, but large employers will still have to start contributing into the scheme from 2012.

L&G plans New Year launch for individual DB buyout product

3 Dec 2009

Legal & General is launching a new product designed to help small defined benefit schemes reduce their risk by providing an annuity for key individuals with large benefits.

Pre-Budget threat to employee benefit trusts warns Aon

3 Dec 2009

The tax advantages of employee benefit trusts could be removed in next week’s pre-Budget report warns Aon.

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