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&#39Lift barriers to schemes&#39

The Government must change the design of employer-sponsored defined-contribution schemes if it is to achieve its ambition to improve the 40/60 private/state benefit dependency ratio to 60/40 by 2050, warns a report by the Pensions Institute at Cass Business School.

It says means-testing discourages advisers from promoting membership to lower earners while negligible profit margins are forcing advisers and providers to withdraw from the market for smaller schemes.

Report author Debbie Harrison says: “The Government has not recognised where the real barriers to participation lie.”


Out of context

•”I cut my hand last week so I haven&#39t been able to do much. I&#39ve been living like a student all weekend and it&#39s great.” – NU media relations executive Rob Pell. •”We decided on putting in the colon as without it, we looked we were calling ourselves CHOMPING, which isn&#39t nice.” – CCHM&#39s Rebecca […]

Savills buys specialist broker Sherwins

Savills Private Finance is acquiring specialist broker Sherwins Mortgage Services for an undisclosed sum. Sherwins specialises in mortgages for the affordable homes market. Sherwins, which usually focuses on the south east of the UK will now be expanding nationally.

Sharp increase in online business – GMAC-RFC

Ninety eight per cent of all intermediaries are conducting at least some of their business online and nearly half of those questioned stated that they had seen their on-line activities more than double, according to new research from GMAC-RFC. Ninety four per cent of intermediaries reported their online business increasing in the last year, with […]

Riding the waves

In this and my next two art-icles, I will identify and discuss certain aspects of the risks associated with pension drawdown contracts. In particular, I will concentrate on the level to which those risks can be tolerated without the client being financially worse off than if he or she had elected to take a conventional […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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