Retirement

Alistair McQueen: Forcing ageing issues into the political spotlight

Lessons can be learned from environmental activists in attracting serious attention What keeps you awake at night? This is a question opinion pollsters at Ipsos Mori have been asking for decades and share the findings of in their monthly Issues Index. It offers a fascinating insight into the minds of the public. According to the […]

Royal London sells corporate DB pension business to XPS

Royal London has agreed to sell its corporate DB pension services arm to pension consultants XPS. The firms revealed this morning that XPS will acquire the entire share capital of RL Corporate Pension Services Limited – a subsidiary providing pensions actuarial, consulting and administration services to around 150 smaller defined benefit schemes – for £4.8m […]

Just chief executive Cook steps down

Chief executive of Just Group Rodney Cook has decided to step down from the role after nine years with the pension provider. Cook will stay with Just until June 30 to ensure transition, but plans to retire after that point. Both internal and external candidates will considered for the position as Just begins a search […]

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FOS orders IFA to pay multiple clients over unsuitable pension transfer advice

The Financial Ombudsman Service has told BlackStar Wealth Management to compensate five different clients for the unsuitable advice it gave them to transfer out of their pension schemes. Five upheld rulings against the West Midlands-based firm have been published since the start of the year. All the clients were advised to transfer out of their […]

Editor’s note: FCA is right to turn the DB transfer spotlight on providers

Sipp firms are on the defensive right now. It’s hard to see millions added to the communal compensation pot without asking at least a few questions about how they allowed the most esoteric of investments into their products. Less has been said of what responsibilities the wider pension provider market might have when accepting defined […]

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Selectapension launches Mifid II advice tool

Pensions and investment planning software firm Selectapension has announced it will launch a new tool called Rapid Reviewer this spring. The new software is designed to make client reviews of pensions and investments more efficient and cost effective. Carrying out a client review at least annually is a mandatory requirement for Mifid II regulated products, […]

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Govt hails ‘extraordinary success’ of auto-enrolment

Auto-enrolment has been an “extraordinary success”, the government has said, as a new report shows that small business workers have benefited significantly from the reforms. A study by the Institute for Fiscal Studies shows that almost half of the country’s small business workforce has now been placed into a workplace pension, representing a 44 percentage […]