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Fidelity says defer auto-enrolment

Fidelity has welcomed plans highlighted in the White Paper to minimise the impact on employer schemes and leave the door open for branded provider choice. However, it says the Government must defer auto-enrol- ment of existing employees until 2015 or later.

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FSA reports improvements in endowment complaints handling

An FSA report into endowment complaints has found improvements in firm’s complaint handling procedures, but the regulator says there is no room for complacency.Since July 2005 the FSA has been looking at how 52 firms, covering 90 per cent of the market, handle complaints. It had concerns over 22 firms and says 14 of them […]

Insurers bidding to save PTA

The ABI is lobbying the Government to change its mind on withdrawing tax relief from pension term assurance.The ABI says it will put industry concerns to the Treasury when it meets with it before Christmas.ABI spokesman Jonathan French says: “We will be arguing that the changes will be a bad thing for consumers and will […]

Existing policies could still be hit by changes

Existing PTA policyholders could be affected by the changes announced in the pre-Budget report despite Treasury assurance that policies on risk before midnight of December 5 would be unaffected.Standard Life protection marketing manager Mick James says HM Revenue & Customs has confirmed that if policyholders increase the sum assured or extend the term, the life […]

Wide of mark

“Everybody thinks that their wife is the prettiest” was a famous remark once made by Arsene Wenger. And it is an expression which best encapsulates the state of the intermediary mortgage industry within which some intermediaries continue to wage PR wars

Allianz Technology Trust – April 2017

Welcome to the latest update for Allianz Technology Trust PLC from the Trust’s portfolio manager, Walter Price. Portfolio review The Trust’s NAV returned 4.3% , outperforming the Dow Jones World Technology Index return of 2.8%. In US dollar terms, the portfolio gained 4.8%. During the month, stock selection contributed to relative performance, and industry allocation […]

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