The FSA has delayed its decision on whether life offices will continue to be able to pay misselling costs from inherited estates until the first quarter of next year.
The regulator had anticipated making a policy statement on the issue by the end of this year.
But a spokesman says: “Due to the extensive number of responses to the consultation we will not be publishing a policy statement until Q1 next year.”
ABI director general Stephen Haddrill has criticised the Government for its focus on the “short-term economic challenges” and is “appalled” by its failure to recognise the importance of saving.
Standard Life says that women with an incomplete national insurance record could get a return on investment of up to 7,200 per cent if they buy back extra years.
Independent valuers Cairn Capital will be holding a conference call for advisers to answer questions on their valuation of the AIG enhanced fund assets.
A former mortgage broker has been given an 18 month suspended sentence for giving misleading information when applying to be an approved person.
A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.
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