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Friends links with Nest to aid employers

Friends Life is collaborating with Nest to develop a tool for employers that will direct employees to either employer pension arrangements or Nest.

The tool will decide which option is best for employees based on their salary and pension contributions.

Friends Life corporate pensions spokesman Martin Palmer says: “Most admin systems rely on the employer to tell us which members they want to enrol into their pension scheme. We will form that link between employer payroll systems and provider admin systems.”

Worldwide Financial Planning IFA Nick McBreen says: “This sounds like a recipe for disaster. Employers need to get the right scheme to look after employees and the business and it is not as simple as flipping a switch.”

Nest managing director of scheme development Helen Dean says: “We are talking to lots of providers and employers about how Nest can work with them and with third parties to ensure a comprehensive and seamless service.”

Andy Briggs interview in Retirement Strategy



Metlife: Why we have launched our own fixed-term proposition

MetLife UK managing director Dominic Grinstead says market volatility has provided an ideal opportunity for the firm to launch a fixed-term annuity to replace Living Time’s product. Later this month, MetLife will introduce the freedom income plan, a fixed-term annuity which includes an option for customers to transfer out at any time if they have […]


NMBA to launch lower-cost alternative assessment

The New Model Business Academy is to offer a QCF level four alternative assessment which undercuts the cost of the Chartered Insurance Institute’s alternative assessment by around £1,000. The not-for-profit training arm of SimplyBiz plans to launch its work-based assessment in November, at a cost of under £1,000 per adviser. It has been developed with […]

Mott looks to large caps for income

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EFG Asset Management launches UK business

EFG Asset Management, headquartered in Zurich, Switzerland, launches its UK business, EFG Asset Management (UK). EFG Asset Management, known as EFGAM, opens its funds and managed accounts strategies to third party institutional investors and financial intermediaries in the UK, with the formation of the UK firm. EFGAM presently has assets under management of $7bn and […]

To be and not to be – Multi asset investing with conviction

At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]


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