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Standard Life in talks with FCA over pension default concerns

Standard Life is in talks with the Government and the FCA over concerns its old default funds remain targeted at annuity purchase. A report by the provider’s Independent Governance Committee, published today, reveals worries historic default strategies “either do not have a lifestyle design or have a design which remains targeted at annuity purchase despite […]

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Treasury slashes Pension Wise budget

The Treasury has slashed the Pension Wise budget by more than a quarter, with advisers’ levy for the service set to drop by £2m. Documents published by the FCA alongside its 2016/17 business plan reveal the budget for the existing guidance service will drop 27 per cent, from £39.1m to £28.7m. The 2016/17 funding requirement […]

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One-in-three advice firms planning expansion

Almost one-in-three advice businesses are planning to recruit more advisers over the next twelve months, according to a survey by the FCA. The survey, published in full next month, was revealed in the final report of the Financial Advice Market Review, which emerged yesterday. The FCA surveyed 233 firms between November and December last year, […]

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EEF/Jelf Employee Benefits Sickness Absence Survey 2015

EEF stated in its 2015 EEF Manifesto that the UK’s growth prospects depend on people being fit, working and productive. Keeping people in work and helping people return to work is very important for the manufacturing sector. It means boosting productivity by getting people back into work as early as is possible, as well as fostering workplace cultures and environments that proactively manage individuals’ health conditions so that all can benefit from lower sickness absence outcomes.

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