Scottish Equitable pensions development manager Margaret Craig has hit out at the negative tone of responses to the Government's Pensions Green Paper, claiming the industry is becoming too bogged down in the detail and losing sight of the end goal. Craig was a member of the Pickering review team, whose report published last July led to the Green Paper. She says the proposals outlined would lead to a significant reduction in the complexity of the pension landscape and could persuade more people to save for retirement.
IFAs are unaware of the recent introduction of flexible working regulations for families and how it affects them, according to a survey by employment law specialists Peninsula.Over half of IFAs were unaware that the legislation was being introduced and did not know how it would affect them or how to comply.It also found that 83 […]
Friday, 25 April 2003 Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100, Nikkei 225, S&P 500, Swiss market indices Minimum-maximum investment: Lump sum £2,500-£1m, monthly £20-£250 Term: Five years Guarantee: Original capital returned in full regardless of performance in indices Return: Monthly investments - 70% of average growth in […]
In my last article, I started to discuss recent developments which are setting the scene for what is going to prove to be the great pension issue of this decade – the closing and winding-up of defined-benefit pension schemes.I noted, in particular, the examples of scheme closures at ASW (where the scheme wound up as […]
Just seven days before last week's controversial decision by the Prudential to raise its critical-illness rates for new and pipeline business, it pledged to meet previous premium commitments on applications.But this promise, made on April 7, has been superseded by its latest decision which applies across the board to all pipeline business regardless of when […]
Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).
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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 […]