Community, the union representing the vast majority of ex-employees of the former ASW steel company, has announced it will continue with its legal action against the UK government. Community is campaigning on behalf of its members who have lost a large percentage of their expected pension which they were told was guaranteed. The union will ask the for the case to be referred to the European Court of Justice. If successful the case could cost the Government between £1.5 and £2.5m.
Berry Birch & Noble Financial Services which is in liquidation is one of 16 firms the Financial Services Compensation Scheme has declared in default.
Derbyshire Building Society has appointed Andy Thorpe as its new retail sales director. Thorpe says: “I am delighted to be joining The Derbyshire, a progressive society that is committed to customer fairness. Part of my brief is to bring a strong customer focus to the Society following the recent launch of our How Fair Is […]
If the merger between Sofa and the LIA fails to go ahead it will be disastrous for the industry, according to former board members of both organisations. Ex-Sofa director Jo Smith says the merger is for the good of the industry, and if it is rejected by the membership it will be humiliating. She says: […]
Abbey for Intermediaries is offering IFAs and their clients a second issue of the Abbey growth options plan. This is a guaranteed equity bond linked to the performance of the FTSE 100 index for a six-year term. It has two options that investors can choose. Under option one, investors get all the average growth in […]
Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology