International advisers are struggling to keep up with new pension transfer regulations, citing high fees and a reluctance from UK advisers to form partnerships. Since April all defined benefit transfers must be overseen by a pension transfer specialist, meaning advisers working overseas must link up with UK advisers holding the correct qualifications. However, more than […]
A long-stop on advice complaints would have affected just nine cases handled by the Financial Ombudsman Service last year, Money Marketing can reveal. The Government is consulting over a potential limit to advisers’ liabilities where advice was given more than fifteen years ago. However, a Freedom of Information request by Money Marketing reveals there were […]
The way in which the UK insurance industry assesses risk has been slowly evolving from pretty basic pricing models to something a little more sophisticated over the past 20 years. For example, enhanced and impaired annuity rates designed to reflect the life expectancy of specific consumer segments are now commonplace, and term insurance products promising better rates […]
“If you walk down any high street in the country, just about every third retailer is saving with us,” says Patrick Heath-Lay. It is almost as though the B&CE chief executive does not quite believe his firm, which runs automatic enrolment scheme The People’s Pension, is responsible for one in three of everyone enrolled so […]
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.
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