The DWP has published three independent studies into hybrid, or risk sharing, pension scheme designs to increase knowledge of these plans and promote discussion and better understanding of them within Government and the pensions industry.
Standard Life has set up a new internal operational board to consider both cross-selling and cost-cutting opportunities across its UK retail divisions. Headed up by life and pensions chief executive Trevor Matthews, it will bring together the heads of Standards healthcare, investments and bank divisions.
Forty volunteers from Clerical Medical and parent group HBOS have just returned from Sri Lanka, where they pitched in rebuilding homes for tsunami victims. Working with charity Habitat for Humanity, the team built eight new houses and raised funds to build a further 160 or repair 800 damaged properties.
Britannia Building Society
Guaranteed Capital Bond Nov 05
Octopus Asset Management
Eclipse 3 & 4 VCT
Steve Webb’s latest policy paper British savers risk being left in the ‘slow lane’ unless the UK Government takes a more active role in ensuring the successful delivery of a Pensions Dashboard. The report, ‘Pensions Dashboards around the World’, coincided with a major conference that was held on Monday 16 May and brought together experts […]
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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 […]