Metro Bank’s chairman Vernon Hill has been re-elected despite opposition from activist shareholders such as Royal London. Hill has received criticism from a number of major shareholders over payments to his wife’s company Interarch totalling £21m since Metro Bank’s inception in 2010. The board at Commerce Bank previously ousted Hill from his former role at […]
Collective defined contribution schemes are back on the table. And this time, it looks like for real. At last, there is demand, albeit from just one employer, Royal Mail. The work and pensions select committee is running an inquiry and the government also appears to be taking it seriously. Unfortunately, a lot of the old […]
The FCA has proposed a 4.2 per cent increase in adviser fees for the coming year. For the 2017/18 financial year, the A13 fee block, of which advisers and other intermediaries are part, contributed £77.1m in regulatory fees. In a statement accompanying its business plan for the year ahead this morning, the FCA has proposed […]
A flat tax relief rate of 30 per cent should be introduced to help the self-employed and low to middle earners to save more for retirement, according to the Royal Society of Arts. In a report published today, the RSA proposes rebalancing pensions tax relief away from higher earners to lower ones. While its findings […]
Re-enrolment is a sizeable task, and requires proper planning. You must ensure that eligible staff who are not already in your auto-enrolment pension scheme are put back into it.
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