Axa Life and outsourcing firm Liberata have altered their fixed-term business process outsourcing deal to a longer-term or “evergreen” arrangement.
The Pensions Regulator coll-ected only two-thirds of levies in the last tax year. Its business plan for the next year shows that 29 per cent of firms did not pay their levies, amounting to £54m last year, and they will be chased up this year. A spokesman says: “We had collected over 71 per cent […]
Chelverton Asset Management is set to introduce an version of its 57m small companies dividend investment trust this autumn. Fund manager David Taylor and David Horner and will mirror the investment trust portfolio by targeting small and mid-cap stocks that yield at least 4 per cent annually. The fund will predominantly invest in small and […]
Roger Bartley is moving to Legal & General Investment Management as global head of fixed income from Gartmore where he was chief investment officer of fixed income.
According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20% of total wages, the statutory minimum for a new automatic […]
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The workplace presents a significant opportunity for advisers, yet many are still shunning this sizable market, experts argue. The pension freedoms and auto-enrolment have increased the unmet need for advice in the workplace. Some larger employers and pension trustees are no longer content to leave employees to fend for themselves among scammers and fraudsters and […]
Neil Woodford has rejected gloomy UK growth forecasts from the Office for Budget Responsibility revealed in yesterday’s budget, arguing the country is on track to achieve annual growth around 2 per cent. According to the OBR, growth this year will be 1.5 per cent, and fall to 1.4 per cent in 2018. Through 2019 and […]
Trade bodies tend to live in a cloistered environment while advisers keep the industry on its toes