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FSA and Treasury unhappy with OFT report

The FSA and the Treasury are believed to be unhappy with the Office of Fair Tradings report into polarisation according to a report in the Financial Times today.


The FT says the implementation of the OFT&#39s recommendations could be delayed as a result.


It says Government officials believe the OFT has misunderstood the effects of the recommendation. Although the FT says the Treasury is unlikely to reject the entire report.

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Abbey National launches television banking

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Royal & SunAlliance to review life business

Royal & SunAlliance has announced a shake-up of its life assurance operations. The review will see the life office move away from its traditional business area of with-profit funds and endowment policies. The results of which will be announced in September. The news came as the RSA Group unveiled its first half year profits has […]

Leeds & Holbeck Building Society announces 2 per cent rise in profits

Leeds & Holbeck Building Society&#39s pre-tax profits increased 2 per cent to £12.6m in the first half of 1999 from £12.3m over the same period in 1998.The society says the modest increase is a result of it dropping its net interest margin to 1.28 per cent from 1.46 per cent.The society says it took £2.5bn […]

DBS announces results

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Guide

Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.

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