Automatic enrolment provider Now: Pensions has come under fire for hitting employers with an exit fee if they choose to switch to a different scheme within two years. Under scheme rules in place since it launched in 2012, employers who decide to switch provider within the first 24 months have to pay a fine depending […]
The pensions industry is reeling after leading figures lost their seats, resulting in a pensions ‘brain drain’ in the House of Commons. Pensions minister and Liberal Democrat Steve Webb, shadow pensions minister Gregg McClymont, shadow Treasury minister Cathy Jamieson and work and pensions select committee chair Dame Anne Begg all lost their seats. Hargreaves Lansdown […]
David has been to see a potential new client about pensions. Paul was a friend of an existing client but took the view pensions were an easy subject. He was somewhat reluctantly seeing David, as it had been suggested he could do with some specific advice, particularly around death benefits and inheritance tax. Paul was […]
Ukip wants to cut the state pension age to 65 as part of a swathe of promises designed to install better fairness to pensions. The party claims that increases in the age at which individuals can claim a state pension have unfairly impacted women and manual workers, in particular, so has instead devised a “retirement […]
The strong dollar is hurting exporters, but the domestic economy is growing, the banks are strong and consumers are paying off their debts, says Cormac Weldon, head of Artemis’ US team.
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