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FTSE 100 firms double pension cash

FTSE 100 companies paid almost twice as much into their pensions schemes in 2003 than in the previous year, according to Watson Wyatt. On average, contributions into defined benefit schemes rose 95 per cent, in stark contrast to 2002 when contributions “barely covered” the cost of new accruals. In 2003, employers not only covered accruals but put almost a similar amount again into boosting pension security, the consultancy says.


Bank urged to boost cross-selling

Standard Life wants Standard Life Bank to cross-sell within the group. Chief executive Anne Gunther says as the subsidiaries of Standard Life have come of age and have a strong group of products which work well together, it is logical to create links between the products, for example, a customer who has a flexible mortgage […]

Bupa boosting group income protection deal

Bupa has upgraded its group income protection product with changes including improved free cover levels, simplified and higher maximum benefits, improved advance underwriting and increased non-medical limits. Maximum free cover levels will now be £65,000 for schemes with 10-99 lives, £75,000 for schemes of 100-299 lives and £90,000 for 300 or more. The maximum benefit […]

The Isa season springs back

The Isa season may be over but it was not, as many predicted, dead. Early indications from some of the leading providers show that sales have rocketed since last year&#39s disaster, providing a much-needed fillip to what was increasingly being viewed as an irrelevance to most firms&#39 businesses. It is far too early, however, to […]

LIA warning on exams

The LIA is warning that a proposed review of financial advisers&#39 exams could result in a drop in standards. Head of public affairs John Ellis thinks the introduction of the new regime will create the temptation for authorised firms to seek out easier options. The Financial Services Skills Council is proposing a range of modular […]

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


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