Consumer price index inflation fell to its lowest level in five years in September. CPI annual inflation was 1.1 per cent last month, down from 1.6 per cent in August, according to the Office for National Statistics.
Friends Provident head of protection Mark Jones has resigned to join LV=. MoneyMarketing.co.uk revealed that Jones resigned from Friends last week and is to take up the role of head of protection at LV= although the provider could not confirm a start date. A spokeswoman says: “Mark is on gardening leave with immediate effect. We […]
The plight of many older advisers worried about taking the mandatory examinations required by the retail distribution review is being conven-iently ignored by the FSA. This week, Money Marketing hears from three advisers with 90 years of combined experience who want to remain in the industry and continue to serve their long-standing clients post-2012. Many […]
The FSA has banned East London mortgage broker Ayodele Olubunmi Thomas for knowingly submitting false and misleading information about his income to obtain mortgages and loan advances.
Advisers need to take a range of measures to ensure investments continue to be suitable for their clients
Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.
- Top trends
- Top trends
- Pension tax relief in firing line as Hammond mulls ‘intergenerational fairness’ Budget
- Scottish Widows mulls Standard Life corporate pensions book takeover
- Martin Lewis wins claim against PPI chaser that used his image
- The future of Cofunds: What next for a platform titan?
- How much are advisers charging for pension transfers?
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]