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Employer guide to stakeholder survival

The Confederation of British Industry and law firm Hammond Suddards Edge have produced an employer&#39s guide to stakeholder.

The stakeholder survival guide is aimed at helping businesses legally bound to offer the new pension scheme, helping them educate employees about the need to make provision for their retirement.

The booklet explains the new obligations on firms to choose a stakeholder pension scheme and outlines the steps employers should take to comply with new rules which come into effect on October 8. The CBI says the booklet will help employers decide if stakeholder pensions affect them and how to prepare for their new obligations.

The guide explains what steps an employer needs to take when selecting a stakeholder pension scheme providers and pass on relevant information to employees.

CBI director general Digby Jones says: “Stakeholder pensions will provide many more people with access to good value pensions as a means to save for retirement and the CBI has successfully lobbied to minimise the burden of new rules to business. The guide sets out in clear and practical terms how to go about determining the effect stakeholder pensions will have on your business.”


Ombudsman to tackle &#39inadequate&#39 payouts to borrowers

The Financial Ombudsman Service is scrapping the way that complaints over mortgage payment miscalculations are handled amid fears that lenders are failing to compensate borrowers adequately. Compensation guidelines issued by the Building Societies Ombudsman Scheme and Banking Ombudsman Scheme are being suspended following a rise in the number of cases where lenders have calculated mortgage […]

Ifap slams stakeholder multi-ties

IFA Promotion says the introduction of &#39multitied&#39 advice for stakeholder pensions will make it harder for people to identify truly independent advice. In his reaction to stakeholder, the first financial product to be &#39depolarised&#39, Ifap chief executive David Elms says there will be greater potential for consumer confusion than ever as changing the transparent system […]

mPower Europe appoints former Goldman Sachs manager

Investment software provider mPower Europe is appointing Charlie Metcalfe, former head of Goldman Sachs Asset Management&#39s UK and Northern European business.Metcalfe joins mPower Europe as UK managing director. Prior to Goldman Sachs, Metcalfe was managing director and Merrill Lynch Capital Management, and formerly with JP Morgan both in New York and London .mPower Europe chief […]

Rothschild banks on Euro rally

Rothschild Asset Management has added a Euro denominated fund of funds to its Five Arrows International Managed Portfolio range.The European Capital Growth fund is similar to the existing Swiss franc denominated fund of the same name. It invests in a range of funds from different fund management groups. The fund manager chooses European funds that […]


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