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IBM blueprint for national 'consumer pensions portal'
IBM is working on a blueprint for a consumer-centric ’citizen’s pensions portal’ that would aggregate details of all of an individual’s retirement savings on a single screen.
Photiou quits Mercer for Barclays’ corporate benefits arm
Barclays Corporate & Employer Solutions (C&ES) has appointed former Mercer partner Katharine Photiou as the bank looks to grow its corporate consulting business.
James Hay Sipps under administration fall as 'attrition' bites
IFG Group says high attrition levels resulted in a small drop in Sipps under administration to 37,956 between December and April.
Thinking about corporate platforms yet? Complete our survey and you could win a case of wine
Lack of provision, pensions reform, RDR and developments in technology have all contributed to the recent focus on workplace savings. Corporate platforms continue to be developed with the aim of providing an engaging, accessible and cost effective solution for employers, employees and their advisers.
DB deficit reduction could eat up a third of PLCs' cash - Pension Corporaton
Companies will pay more than £100bn in deficit reduction payments over the next three years, representing 13 per cent of their cash holdings, according to new research from Pension Corporation.
IDS benefit cull to drive GIP sales - Canada Life
Government plans to reduce the number of state disability claimants by 500,000 will lead to an increase in group and individual income protection says Canada Life Group Insurance.
Royal London head of comms Alasdair Buchanan retires
Buchanan will continue to support Scottish Life’s media activity on a part-time basis.
Aviva's Moss handed £1.3m exit payout
Moss will receive a year’s salary, worth £960,000, and £300,000 for all outstanding bonus claims.
Just Retirement Q3 sales rise 32%
Strong annuities sales drive 32 per cent increase in new business, from £290m in Q3, 2011 to £380m in Q3 this year.
Consultancy charges not yet exempt from HMRC unauthorised payment rules
HM Revenue & Customs has no rules in place to allow consultancy charges to be deducted without an unauthorised payment charge being levied it has emerged.
HMRC to rewrite RDR consultancy charging guidance
Update follows concern members could be hit with unauthorised payment charges.
Paul McMahon leaves Aegon to head up UK arm of FNZ
Paul McMahon is leaving Aegon after less than 10 months with the insurer to join platform technology provider FNZ as the CEO of its UK business.
Pressure on 100pc guarantees
Pressure on insurance companies to deliver returns to shareholders will lead to a reduction in the range of guaranteed financial products available on the market, a leading insurance executive has warned.
Eurozone crisis creating problems and opportunities for bulk annuity market
Bulk annuity and longevity swap providers believe the Eurozone crisis has the potential to close off opportunities for pension schemes looking to transfer risk to third parties, but also to create new ones, according to a report from Towers Watson.
Westfield targets gap between PMI and cash plans with surgical procedures product
Westfield Health has created a new product offering access to over 1,300 surgical and medical procedures while maintaining the cost security of a cash plan.
Annuity delay bridge to retirement promised land says Alliance Bernstein
Most retirees could benefit from delaying the purchase of an annuity, boosting their annual pension income by over 25 per cent at the age of 75, according to a new research paper from Alliance Bernstein.
More than half have no intention to stay in pensions post-AE : Aviva report
More than half of employees have no intention to stay in pension schemes after they have been automatically enrolled into them according to new research from Aviva.
Aviva adds healthcare trust option
Aviva UK Health has introduced a healthcare trust option on its Optimum PMI healthcare cover. Companies choosing the new option will have a corporate excess of 80 per cent of predicted claims set on the policy, from which employee claims are paid, meaning insurance premium tax is typically only paid on the 20 per cent of the claim fund.
Group risk market turns the corner with increase in sales
The group risk market grew by 2.9 per cent in 2011, reversing the negative trend of the past two years according to Swiss Re’s Group Watch 2012 report.
Barclays CEO Bob Diamond agrees to stricter bonus terms
Bank responds to shareholder pressure by linking half of chief executive’s deferred bonus to its return on equity.
No job losses expected at 'top five' Capita Bluefin entity
The merger of Capita Hartshead and Bluefin Corporate Consulting, which will propel the new entity into the top five EBCs, is not expected to lead to any job losses.
Aviva considers selling US business
Analysts say the sale could raise more than £1bn, the FT reports.
