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News
The big question
“Are you expecting to see more advisers promoting commission on group pensions in the run-up to 2012?”
DWP accused of not understanding effect of RDR commission ban
Altmann: DWP has taken its eye off the ball
Recession hits group pensions business in 2009
LIFE offices have reported significant falls in group pension business in 2009, blaming the economic downturn.
Calls for specific RDR exams for corporates
PROVIDERS and advisers are calling on the Financial Services Skills Council to create an exam specifically for corporate intermediaries if they are to be brought within scope of the Retail Distribution Review.
Bluefin scoops prestigious award
Managing director Nick Burns collects Bluefin’s “Corporate Adviser Firm of the Year”award
Prudential to close corporate pensions new business team
Prudential is shutting down its corporate pensions new business team, but insists that it remains open for new business.
Calls for specific RDR exam for corporates
Providers and advisers are calling on the Financial Services Skills Council to create an exam specifically for corporate intermediaries under the Retail Distribution Review.
DWP personal accounts head 'unable to explain position on RDR' : Altmann joins criticism of consultancy charging
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.
Bluefin triumphs as newcomer Lift-Financial scoops two gongs at Corporate Adviser Awards - Full list of winners
Bluefin were named Firm of the Year at the 2010 Corporate Adviser Awards in London last night, while awards first-timers Lift-Financial walked off with pensions and technology gongs.
Enrich launches pension service
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 MBO.
Scottish Life says consultancy charging works
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.
Workers can retire earlier, says Mercer
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. Mercer’s new “DC Barometer” shows that on the basis of stock market conditions and annuity price movements between the end of December 2008 and December 2009, a scheme member considering retirement will now have to work around 15 months less in order to retire on the same expected income.
Willcock joins Aviva as MD
Aviva has appointed Phil Willcock as managing director of its UK Health business. Willcock first joined Aviva (formally Norwich Union) in 1996, and has held many roles at the provider, including sales and marketing director for Norwich Union Healthcare (now Aviva UK Health), director of life and healthcare distribution, director of business development, retail and recently, director of corporate benefits. Willcock says: “I’m delighted to be returning to UK Health and look forward to ...
Shop floor pay grew fastest in 2009 says PwC report
FTSE executives’ pay increases have been outstripped by UK average pay increases for the first time in a decade, according to PricewaterhouseCoopers’ annual report on executive compensation.
Aegon's derivatives offering
Aegon Asset Management is launching an asset management service that provides pension schemes with a bespoke overlay that uses derivatives and other financial instruments to actively mitigate against downside risk, while optimising upside opportunities.
Three quarters to stay in Nest overall, but huge age and regional differences - B&CE
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.
Equality Commission calls for abolition of default retirement age
The Equality and Human Rights Commission is calling for full abolition of the default retirement age, the extension of the right to request flexible working to all and an overhaul of employer recruitment practices designed to prevent discrimination.
DC pensions fair well in market surge but timing of retirement is crucial - Mercer
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
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.
