The Government is taking a colossal political risk with personal accounts and will not avoid liability if the default fund fails to perform, warn leading pension commentators.Debbie Harrison, a senior visiting fellow at the Pension Institute of Cass Business School, says nine million employees, typically low to medium-earners, will be swept into personal accounts in […]
Threadneedle Investments has recruited former Shell International head of corporate identity Judy Everett to take over the position of head of communications.Everett will be responsible for Threadneedle’s PR and communication and will replace Richard Eats who will be retiring from Threadneedle in April this year.Everett will be responsible for the effective communication of the Threadneedle […]
Brokers and packagers have been promised greater support from the Intermediary Mortgage Lenders’ Association, which has admitted that it has so far failed to represent its members adequately in the market.Former Council of Mortgage Lenders’ deputy director general Peter Williams was appointed Imla executive director last September, and he promises that the trade body will […]
Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.
The Organisation for Economic Co-operation and Development claims behavioural biases and low levels of financial knowledge are undermining people’s ability to make appropriate decisions for their retirement. The OECD’s Pensions Outlook 2018 says automatic features, default options and simple information and choice could combat the lack of financial literacy. The OECD’s view is that automatic enrolment […]
Aviva should pay £500 compensation for the way it handled an investment query that caused stress to a daughter who took power of attorney for her mother. In the Financial Ombudsman Service ruling, Miss S has power of attorney for her mother and complains Aviva delayed providing information about a bond. She goes onto argue […]
Advice is becoming a more risky business, meaning firms must rethink their approach to the issues they face Given the Financial Ombudsman Service’s compensation limit is set to rise to £350,000, it is time for advice firms to rethink their approach to the risks they now face. The FCA’s plan is for the new limit […]