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DWP to consult on PPF levies

The DWP is set to consult on technical aspects of the PPF levies, valuation of the PPF and how schemes are transferred into the PPF. Minister for pension reform Stephen Timms says industry will also be invited to have input on compensation levels and the PPFs administrative functions.

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Crisis points

Scottish Life group head of communications Alasdair Buchanan says snapshot surveys of the pension crisis may give a widely varying picture but short-term solutions such as selling the family silver must not obscure the fact that fundamental changes are needed

‘IFA involvement is critical in ABI review’

The Association of British Ins- urers must involve more IFAs and medical professionals if its critical-illness consultation is to save the product, warns Standard Life protection marketing manager Mick James. More effort at explaining the product to consumers through intermediaries and less attempts at tampering with tiered payments and cancer definitions are needed if the […]

Purely Mortgages plans expansion as Tchenguiz family trust takes 50% stake

Multi-billion-pound property investment company Triandra has taken a 50 per cent stake in broker Purely Mortgages. Triandra, an investment vehicle owned by a trust of the powerful Tchenguiz family, has taken the stake in the enlarged share capital of the company for an undisclosed sum. Purely chief executive Mark Chilton says the new funds will […]

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