IFA retirement specialist firm Wentworth Rose has appointed Malcolm Thomas as head of pensions, the second recruit from Towry Law in the last month. Thomas joined Hogg Robinson in 1994 and moved to Towry last year as sales manager leading its retirement advice teams. Towry is requiring board director Tudor Taylor to honour his contract until June next year when he will become Wentworth Rose managing director.
Scottish Equitable is urging the pensions industry to keep up with social change such as issues surrounding the payment of pension death benefits to homosexual and common-law partners. Scot Equ pensions development director Stewart Ritchie says there is increasing mismatch between rules for dependants' pensions and the way society is evolving, where increasingly people are […]
During my short life of 54 years I have probably made in excess of 10,000 errors. I have admitted to all 10,000. I am amazed that Suzanne McCarthy, chief executive of the Investors Compensation Scheme, cannot admit she has made just one mistake in her much shorter life.She has missed the point completely over the […]
New Conservative leader Ian Duncan Smith has completed his front bench team, including those relevant for the financial services industry.Shadowing the Treasury will be former Home Secretary Michael Howard opposite Chancellor Gordon Brown. Howard Flight, who co-founded City fund manager Guinness Flight will return as shadow economic secretary, the portfolio most responsible for the industry.David […]
PARSOLI GLOBAL ISLAMIC EQUITY FUND Type: Oeic. Aim: Growth by investing in blue chip international stocks through Shar'iah. Minimum investment: Lump sum £1,000, monthly £50. Investment split: 100 per cent blue chip international funds. Isa link: Yes. Pep transfers: Yes. Charges: Initial 5.75 per cent, annual 2 per cent. Commission: Initial 3 per cent, renewal […]
One of the areas that will be high on the new minister for pensions’ to-do list will be the forthcoming review of automatic enrolment (AE). The outgoing minister had regularly said that AE contribution levels would need to be revisited early in this parliamentary term, and new research by Jelf Employee Benefits reveals employer support for such proposals.
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology