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Bacon & Woodrow calls for radical redesign of benefits

Bacon & Woodrow is warning the financial services industry it needs to radically rethink the design and distribution of financial products to survive the changing demands made by clients in the 21st Century.


A study it carried out has found there will be further growth in self-employment which will change the role of employers, more demand for 20-year phased retirement plans, and that consumers will have more power to dictate how the industry is run.

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Employees not satisfied with benefits

Despite annual spending of £50bn by companies, UK employees are not satisfied with their employee benefits, according to the Towers Perrin Benefits Effectiveness Index.The annual survey found that in 1998 less than half of employees were satisfied with their choice and level of benefits compared to 60 per cent in 1997.Pensions continue to confuse employees […]

Countrywide appoints IT expert as managing director

Countrywide Independent Financial Advisers is appointing Mark Lunt as managing director.Lunt is joining Countrywide from Case Technology, a manufacturer of data communications equipment where he was managing director for three years.He says: &#34I am delighted to be joining such a progressive organisation and very much look forward to helping Countrywide members better compete in a […]

Future Mortgages managing director quits

Future Mortgages managing director Tim Keast has quit his job to develop a financial services business nearer his home in Somerset. Keast has been managing director of the sub-prime lender since its formation in October 1996 has sited the 200 miles he commutes to work every day as a factor behind his resignation.Chairman Mike Cullhane […]

IFAA appoints Borwick to head LTC working party

The IFA Association has announced that Margaret Borwick is to become chairwoman of its long-term care working party.Borwick has been an IFA since 1994. She runs Durkadale Professional Financial Planning based in Haslemere in Surrey. She will replace Martin Telling who is to devote more time to his other business interests.

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Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.

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