Standard Life head of pensions policy John Lawson says the Government’s recent self-certification amendment to the Pensions Bill will fail in its attempts to stop levelling down.
Investors wishing to exit the AIG Life enhanced fund on December 15 would be likely to lose around 12 per cent of their total investment compared to the value before it was frozen, according to an independent valuation.
The structured product industry has hit back at Hargreaves Lansdown chief executive Peter Hargreaves for suggesting that providers are only ever interested in making a profit.
The FSA is to accelerate the full integration of its treating customers fairly initiative into its main supervisory work from January.
A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
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