Defined benefit pension transfer values fluctuated mildly during August with a small fade over the month, according to the XPS Pensions Group transfer index. The reading was £233,000 at the end of July and £232,000 at the end of August. The difference between maximum and minimum readings was £4,100, or around 1.7 per cent. XPS […]
Losses at Quilter-owned advice network Intrinsic have increased again. The business has reported an operating loss of £15.1m in the year ended 31 December 2017, an increase on the £8.9m loss it made the previous year. According to accounts filed to Companies House, the increased loss at Intrinsic Financial Services was due to growing its […]
Suggestions that secretary of state for work and pensions Esther McVey may no longer be committed to the delivery of the pensions dashboard project has caused much wailing and gnashing of teeth around the industry. Personally, I do not see the problem. This is the perfect opportunity for it to take back ownership and control of […]
Standard Life’s restricted national advice arm 1825 has disbanded its team that supported the transition of acquired IFAs. The company says it has incorporated the functions of the team into other areas of the business. Money Marketing understands the transition team comprised of around five people who have been offered redundancy or the chance to […]
Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.
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- Top trends
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