Health Shield has strengthened its position in the cash plan market, according to the latest Laing & Buisson report, increasing its market share by income from £27m in 2012 to £29m in 2013. The Health Cover UK Market Report 2014 revealed that the non-profit-making Friendly Society was the only provider in the top four to have increased its market share by income over the past year. Health Shield was also the only cash plan provider in the top four to have increased its market share by income every year for the previous five years. This infographic presents the figures.
Concerns have been raised that final salary pension schemes offered by employers in an independent Scotland would have to be fully-funded. The Sunday Times reports that in the event of a ‘yes’ vote this week and if Scotland subsequently joins the EU, company pensions could be thrown into “turmoil”. The EU demands that cross-border final […]
Listed companies must be able to demonstrate how bosses’ pay is linked to the long-term success of the business, under new rules from the Financial Reporting Council. In an update to its UK corporate governance code announced today, the FRC says greater emphasis must be placed on ensuring that remuneration policies are designed with the […]
Barclays Stockbrokers is the second-largest direct platform, with over £15bn in assets under administration. It is also the UK’s second-largest stockbroker on trading volumes, with much of its client base reportedly coming out of the government privatisations of the 1980s and 1990s. But fund investing became a central part of the proposition when it partnered […]
The Government is set to extend the Budget pension flexibilities to overseas savings vehicles after holding crunch talks with the industry, Money Marketing understands. There were concerns from providers that the new range of options created by the reforms would see emigrating savers prefer to keep their pensions invested in the UK. According to minutes […]
New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.
It is unclear whether the FCA will consider widening its platform exit fee ban after the regulator poured cold water on reports it was preparing a new consultation. The Financial Times reported this morning that discussion had taken place over a potential paper laying the background for a widening of the proposed exit charge ban […]
Too many new initiatives are ignoring the obvious foundation available from which to build on Last month’s Budget documents confirmed the government is supporting the pension dashboard project, setting aside £5m to fund it. But the most significant part of the announcement was that the documents referenced “pension dashboards” – plural, not singular. The clear […]