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DWP to spend £44m on ‘Workie’ auto-enrolment campaign

Whitehall officials have budgeted almost £50m for a high-profile campaign to promote automatic enrolment, Money Marketing can reveal. The Department for Work and Pensions announced the campaign featuring “Workie”, the workplace pensions monster, in late October. At the time, the DWP said it would spend £8.5m on the campaign for the 2015/16 year. However, Money […]

Defaqto snaps up Sesame’s Pan Andreas for senior role

Defaqto has appointed former Sesame managing director for wealth management Pan Andreas as head of insight for its funds and DFMs team. Andreas, who will start his new role in January 2016, will be responsible for Defaqto’s ratings and risk-rated funds and models, as well as publications and consultancy. Defaqto chief executive officer Zahid Bilgrami says: “We […]

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Pensions industry on the back foot as radical reform continues

Radical pension rules, new risks and a new minister – 2015 was another year of monumental change for the pensions industry. While 2014 saw Chancellor George Osborne announced the most important reforms for a century, the impact has only begun to be understood over the last 12 months. As consumers have abandoned annuities, providers – […]

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Woodford ditches entire Rolls Royce stake

Neil Woodford has sold his entire stake in Rolls Royce across all his mandates, saying he has lost confidence in the company’s business model. Woodford, who has held the stock for more than 10 years, says the company’s November trading update was “very disappointing”, with downgrades to profit and cash expectations. Rolls Royce has issued […]

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