Inflation for pensioners will reach 7 per cent in 2008, more than double the estimated national inflation rate, according to Newcastle Building Society Equity Release Service.Its research predicts fuel and food will be the biggest contributors with fuel rising by 15 per cent and food by 12 per cent. The Government’s pensioner’s price index shows […]
Former Culture Secretary James Purnell has become the fifth Work and Pensions Secretary in three years following the resignation of Peter Hain.Hain quit the Cabinet last week after his late declaration of £103,000 in donations became the subject of a police investigation.Purnell was minister for pension reform before becoming Culture Secretary in Prime Minister Gordon […]
Hightree Financial Services employee Keith Galgut was a happy man last week after walking away with a Toyota Prius hybrid car courtesy of Schroders, which ran a competition last September to mark the launch of its climate change fund.
The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]
Last month, the BBC’s Money Box covered the story of a protection customer who had seen her quoted life and critical illness premium rise by around a third after she disclosed a historic mental health issue. The woman was taking cover as a parent of young children and had originally chosen an insurer after getting […]
The Chartered Institute for Securities and Investment has set up a helpline for participants in its financial planning mentoring scheme. The helpline, which is being supported by Schroders, will be open to mentors and mentees on the programme, which started on the first of January this year, looking for support in achieving professional financial planning […]
Collapsed wealth manager Greyfriars Asset Management sold its Sipp and SSAS administration business to Hartley Pensions for £820,000 an update on Companies House shows. Money Marketing previously discovered Hartley took on 1600 Sipps, 160 SSAS and almost £500m assets under management onto its books for an undisclosed sum, with fresh documents now revealing the value […]