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New business growth for Health Shield in 2009
Health Shield increased the number of new employees brought into its corporate cash plans by 63 per cent in 2009, covering 40,300 new staff, compared to 24,600 in 2008.
Cognitive behavioural therapy added in Westfield’s cash plan revamp
Westfield Health is adding cognitive behavioural therapy (CBT) to its Foresight Healthcare Plan as a part of a range of improvements to the product.
SPC targets corporate IFAs with membership drive
The Society of Pensions Consultants is launching a membership campaign aimed at boosting the numbers of corporate IFAs in the organisation.
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.
Friends slams "buy now while stocks last" commission tactics
Shareholders are not getting good value for this business, Friends warns.
Friends Provident joins group pensions dive in sales
Friends Provident group pensions sales fell 26 per cent to £310m over 2009 down from £423m the previous year.
Group pension plunge hits life companies
Life companies saw group pension sales plummet last year as rises in unemployment and salary freezes took their toll.
Low markets see Standard Sipp transfer values suffer
Standard Life Sipp business fell by 21 per cent to £2.9bn last year from £3.7bn in 2008 while net inflows dropped by 28 per cent to £1.8bn.
Aviva UK group pension sales plunge 55%
Aviva’s UK group pensions business has plunged by 55 per cent in 2009 to £462m from over £1bn in 2008.
Royal London slams "unsustainable commission" on group pensions
Criticisms come as Scottish Life new group pensions business falls 19 per cent.
Standard Life sees Sipp inflows fall 28%
Wrap assets more than double to £3.6bn, up from £1.7bn.
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.
