Residents of the “thinking man’s” Channel Island (their words, not the Diary’s) must be eagerly anticipating the advent of quiffs becoming mandatory to follow suit.Guernsey might then become known as the “coiffure-appreciating man’s” Channel Island. The thought of a load of fund managers sporting Travolta-style ’dos would be far too great a sight to miss – their fund business would surely skyrocket.
FRANCIS McGEE Two truths underlie last week’s publication of new research on commission and the launch of ABI’s consultation on options for change. First, is the fundamental importance of advice to closing Brit-ain’s £27bn savings gap. Oliver Wyman’s work for the ABI in 2001 proved that. Securing the widest possible access for potential savers to […]
The FSA has outlined its new electronic reporting requirements ahead of implementation of integrated regulatory reporting from July.
Newton Investment Management has made its institutional Newton phoenix fund available to retail investors.
Hargreaves Lans-down pensions research manager Tom McPhail says the company’s research shows that a worrying 80-90 per cent of investors choose level annuities over increasing annuities which could prove a catastrophe in the face of prolonged high inflation.
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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The Government should make it easier for advisers to sell products that blend income drawdown with insurance to meet future care costs, according to former pensions minister Steve Webb. A paper published today by Royal London calls on the Government to introduce policy changes which allow new products to be created that pay for long-term […]
Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]