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Altmann turned down pensions minister job

Ros Altmann was offered the role of pensions minister by the Conservatives but turned it down, Money Marketing can reveal. Instead, Altmann will be made a peer and appointed minister responsible for financial consumer protection and education. Former pensions minister and LibDem Steve Webb lost his seat in today’s general election, leaving the Conservatives without […]

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Tom Kean: Confused regulation is holding back advisers

I like to think one of the skills that makes me a decent adviser is the ability to convert complex, illogical and sometimes-opaque notions into bite-sized snippets of information clients might understand. Thirty years in the job has led me to accept, although we live and breathe our subject, that is simply not the case […]

Old Mutual Wealth 2014

Old Mutual appoints new chief exec

Old Mutual has appointed Standard Bank Group director Bruce Hemphill to replace Julian Roberts as group chief executive. Roberts will stay with the company until Hemphill’s start date, expected to be towards the end of the year. Hemphill will be an executive director based in London. Roberts has been at the helm of Old Mutual […]

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Treasury spends £37k on Pension Wise branding

The Government has spent £37,000 developing a “brand indentity” for guidance service Pension Wise. It paid £22,000 to Jigsaw Research “for the provision of research to test brand names, logos and straplines” for the service and £15,000 to Red Stone Design for similar work on the name and “brand identity”. The contracts were awarded at […]

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MPAA consultation

By Fiona Tait, pensions specialist The chancellor’s announcement of proposed cuts to the Money Purchase Annual Allowance means it will be more important than ever to be able to tell your PCLS from your UFPLS What was in the statement? Not much. The chancellor spared three sentences to inform us that the Money Purchase Annual Allowance will be reduced […]

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