Clerical Medical is urging trustees of occupational pension schemes to review their scheme arrangements with their advisers in light of A-Day.The firm is writing to trustees over the next few weeks out- lining the changes affecting them and scheme members. Trustees will also get a copy of Clerical’s pension news- letter available for use by sch-eme members. Features include the new maximum tax-free cash all-owance, how members no longer need to stop working to draw benefits and the end of mandatory contributions. The executive summary highlights the new respon- sibilities as a trustee of an occupational scheme, which include new rules regarding member-nominated trustees, and the potential benefits of A-Day for scheme members, including new rules for early leavers and changes to occupational schemes. Senior marketing executive (employee benefits) Steve King says: “There are significant changes ahead for scheme members and trustees need to be fully aware of the implications of A-Day both for themselves and their members.”
Skipton Building Society
Three Year Fixed Rate Mortgage
A Department of Trade and Industry decision to exempt general insurance and mortgage advisers from having to file a statutory audit should be extended to include the majority of advisers, according to a compliance expert. The DTI says amendments to the Companies Act 1985 mean that from October, general insurance and mortgage advisers will only […]
This month’s Money Marketing Live will once again provide intermediaries with access to the leading experts from the investment fund management industry. Taking place at the G-Mex in Manchester on September 27, the Fund Strategy arena will bring together an unprecedented number of presentations, workshops and seminars.
The FSA has warned a number of providers over the promotion of VCTs after conducting a review of the marketing of 15 asset managers. The warning comes just six months after the regulator said it would investigate the growing popularity of VCTs and concerns that providers may be targeting unsuitable lower income investors.
By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]