The Pensions Regulator has published guidance and application forms on its website for pension schemes wishing to operate cross-border. UK pension schemes wanting to operate in this way will now need authorisation from TPR.
The Money Marketing campaign regarding supermarkets selling life insurance direct makes some good points regarding the need for advice and the danger of misbuying. However, this is a somewhat narrow and dangerous view: First, it presupposes that the consumer knows little or nothing about what they are doing and therefore will buy the wrong product […]
In this short video, Piers Hillier, chief investment officer at Royal London Asset Management, offers his investment outlook for the rest of the coming year across various asset classes. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and […]
High earning doctors should be able to reduce their pension contributions to avoid being penalised by the tapered annual allowance, the government says. A consultation published by the Department of Health and Social Care suggests a ‘50/50’ proposal where members could reduce the amount of pension they build up alongside the amount paid. Health professionals […]
The FCA has handed down a fine of £30.7m to Standard Life Assurance Limited. The regulator says the company did not act in the interests of customers when it offered front-line staff “large financial incentives” to sell annuities. In an announcement this morning, the regulator says SLAL failed to put adequate measures in place to control […]