Guide: reporting to the Pensions Regulator — what and when?
Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.
Advisers have backed warnings that risk-profiling tools could represent a ‘ticking time bomb’ for the advice industry. Last week, The Platforum cautioned some investors and advisers were over reliant on risk-profile scores. Advisers say they fear some are also using risk profile tools to cut corners. Derbyshire Booth managing director Greg Heath says: “We would […]
Apfa is calling on the Government to allow local authorities to champion financial advice for long term care self-funders who they signpost towards regulated advice. Under the Care Act, local authorities will be required to signpost those who self-fund their long term care to a financial adviser. Under proposed guidance for councils on the requirement […]
Partnership saw individual annuity sales plummet in the first six months of the year as half-year profits dropped by over 40 per cent. Announcing its half-year results today, the enhanced annuity specialist revealed sales of individual annuities totalled £334m in the first six months of the year, a 41 per cent fall from £590m during […]
Almost two thirds of pension schemes think the Government’s guidance guarantee will not provide savers with enough support, according to a survey by Mercer. In March’s Budget, Chancellor George Osborne announced that savers would be able to take their entire pension pot as cash once they reach 55. Alongside this he pledged that everyone would […]
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.
The Financial Services Compensation Scheme has today declared The Lifetime Sipp Company in default. Lifetime Sipp was placed into administration in March 2018 and later went into liquidation on the 2 April 2019. The complexity of claims related Lifetime Sipp’s books and led to the FSCS having to spend a lot of time making detailed […]
Most of us have been plagued by unsolicited emails, texts, calls and unsavoury adverts trying to persuade us to claim for payment protection insurance or road accidents that never happened. Now claims managers have fallen under the auspices of FCA regulation and are shortly to lose their golden PPI egg, they are desperately searching for […]
I am conscious I have been a pessimistic voice on the topic of defined benefit transfers, but I find the recent drop in the number of them as puzzling and concerning as the rise that came before it. There are many who say it is natural for the demand to reduce because those who should […]