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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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]