The Pensions Ombudsman has awarded a pensioner nearly £10,000 after provider Abbey Life and consultant Towers Watson failed to alert her to a guaranteed annuity rate. Diane Godfrey paid into a company pension scheme, administered by Abbey Life, for two years up to 1980. She retired in 2004 but according to the Ombudsman was not […]
Atom is one step closer to launching after announcing it has raised £135m in capital. The digital-only lender, which is set to launch later this year, today announced Spanish bank BBVA has acquired a 29.5 per cent stake in it for £45m. Other investors like Neil Woodford, one of the UK’s most successful fund managers, […]
Platforms are reaching a tipping point as the pension freedoms expose creaking technology and pricing pressures continue to squeeze margins. In a controversial state-of-the-market report last week, consultancy The Lang Cat claimed platforms are “dead” in their current form. The report says the platform market is “struggling”, as evidenced by Legal & General’s failure to […]
Axa Wealth is to lower charges for the £973m Axa Investment Managers Distribution fund on its Elevate platform. Advised customers will now pay an ongoing charge of 0.51 per cent instead of 0.76 per cent. Investors on other platforms will continue to be charged 0.76 per cent for the fund. Axa Investment Managers Richard Marwood, manager […]
Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?
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