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MPs target ‘alpha-male’ financial services culture

An “alpha-male” culture in financial services continues to put women off seeking top jobs, according to the Treasury select committee of MPs. In a new report, the MPs criticise a lack of clear criteria when awarding bonuses, to combat the perception that men will argue more forcefully so will receive higher performance-related payments. Committee chairwoman […]

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Profit remains elusive for provider-owned platforms

Platforms that started life as part of a larger investment or pension provider still struggle to make a profit when compared to start-ups, research from Altus Consulting shows. In a new white paper, Altus says the key to the “pure” platforms’ success – those that did not start as part of a life company, for […]

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FCA could ask IGCs to scrutinise drawdown

The FCA has hinted that it could extend the remit of independent governance committees to give them responsibility for overseeing providers’ drawdown arrangements. Firms providing workplace pensions have had to have an IGC in place since April 2015 to report on value for money. The committees can look at value for money in other areas […]

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Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.

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