Latest

Technology-Tablet-Tech-Computer-500x320.jpg
2

Capita replaced as Prudential’s pension administrator

Capita has been replaced as the pensions administrator of M&G Prudential after an open market tender. The administration of more than four million life and pensions contracts at M&G Prudential will move from Capita to Diligenta, the FCA-regulated subsidiary of Tata Consultancy Services on 31 July. According to documents published a decade ago, the value […]

Hourglass-Deadline-Time-Clock-700.jpg

Providers criticised over slow investment transfers

Transfers of investments from one provider to another are not being completed as fast as most investors expect they will, according to research by Platforum. Platforum found two thirds of investors expected their transfer to take less than two weeks but only 38 per cent of transfers were actually completed in that time. Just over […]

HMRC-HM-Revenue-Customs-700x450.jpg
2

Is this the answer to pension freedom withdrawal over-taxation?

The solution to this widespread problem is sitting under HMRC’s nose It is with keen interest I read the comments in the press about the unfairness of HM Revenue & Customs’ approach to taxing pension freedom payments under PAYE. The problem is that it currently taxes such withdrawals on a month 1 basis, which assumes […]

Corporate-Finance-Business-Businessmen-Hire-Appointment-700x450.jpg

JP Morgan hires trio of specialists for ETF push

JP Morgan Asset Management has hired three ETF distribution and product specialists as it continues its push into passive investments in Europe. The firm has appointed Olivier Paquier as head of continental Europe ETF distribution. Paquier held similar roles at State Street Global Advisors and Amundi. To lead the distribution in Switzerland the company has […]