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DWP pilots IFA pensions advice in workplace

All employees should be given access to advice on pensions if no pension contribution is offered says secretary of state for works and pensions Andrew Smith.

Launching a new pensions information pack for employers, Smith said the DWP had launched a pilot where six IFA firms are offering advice to employees who are not offered a contribution to a pension.

Smith said: “We have new powers in the Pensions Bill to require firms not offering pensions to offer their employees advice – powers we will consider invoking.”


More Than warns life insurance provision is seriously underestimated

More Than launches a &#39cover calculator&#39 in response to research revealing the the average lump sum from a life policy would provide for just over four years income for a family. Research in the Swiss Re Term and Health Watch report indicates the average income left for a family would be just £93,399 which would […]

FSA cancels permission for Fleet

The FSA has cancelled permission for Fleet Mortgage Insurance and Financial Services to carry our regulated activities. The final notice was issued yesterday after a decision notice issued on May 20 stated that the FSA was not satisfied that Fleet was ensuring its affairs were conducted soundly and prudently. A warning notice issued on April […]

SG Asset Management – SG Long-dated Corporate Bond Fund

Type: Oeic Aim: Income by investing in sterling-denominated corporate bonds Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% in sterling-denominated corporate bonds Isa link: Yes Pep transfers: Yes Charges: Initial 3.5%, annual 1% Commission: Initial 3%, renewal 0.5% Tel: 0808 1007426

Consumers are well aware of right to complain says ABI

The Ombudsman&#39s annual report shows customers are well aware of their right to complain according to the ABI, with complaints to the FOS for the period April 2003 to March 2004 at a record high. ABI head of life and pensions Chris Kenny says the report indicates industry initiatives to make consumers aware of their […]

Testing the Foundation

The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes


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