The Association of British Insurers claims the pension reform programme could fail unless the Government fights for a change to EU law to allow auto-enrolment in group personal pensions.
Andrew Paddick, director general of the Institute of Insurance Brokers, died suddenly last week.Paddick was a founder member of the British Insurance Brokers’ Association before setting up the IIB in 1987.The combative industry stalwart will be remembered for his forthright lobbying of the Government and regulators. He railed against the proposed mandatory membership of the […]
The headlines over the recent Pensions Bill have centred firmly on pension reform and the introduction of auto-enrolment and the personal accounts scheme. But this bill is not a one-trick pony. It also tackles other areas of pension rules.
The FSA says it has increased its enforcement resources in a bid to tackle those firms that continue to fail to meet the regulator’s Treating Customers Fairly guidelines.Speaking at the mortgage business expo in Belfast, outgoing FSA small firms division manager Dominic Clark admitted the regulator has increased its enforcement resources to deal with those […]
The last eight years have seen many changes in the world of pensions. In 2000, the traditional personal pen-sion was king. Multi-manager personal pensions and Sipps were viewed as niche products and on the horizon was the new kid on the block, stakeholder pensions.
By Amanda Docherty, marketing manager More people than ever are living with critical illnesses like cancer. And this will only increase as the years go on. In fact, the number of people currently living with cancer is expected to grow from 2.8 million to at least 4 million by 2030*. Improving survival rates are, without […]
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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]