View more on these topics

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

Recommended

Grinstead.jpg

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 […]

2

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

Veteran investor Bill Mott is seeing higher yielding blue chip stocks rather than in his traditionally smaller cap hunting ground. The manager of the PSigma Income fund says there were “many good quality multi-national companies offering generous yields”. He says: “Pharmaceuticals are a great example: for most of my career, these have been priced in […]

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 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment