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Lloyds sells rest of Standard Life Aberdeen stake

Lloyds Banking Group has sold its remaining stake in Standard Life Aberdeen as the two investment giants continue their fight over the future of a key mandate. Lloyds and Standard Life Aberdeen remain in dispute resolution proceedings after Lloyds terminated its £109bn Scottish Widows Investment Partnership management deal with Standard Life Abderdeen in February. Aberdeen […]

death benefits pensions

Death benefits: Discretion or direction?

Jim Grant – Senior Product Insight & Technical Support Analyst, Royal London  Jim Grant considers the impact of different approaches to nominating beneficiaries for death benefits. When a pension scheme member dies, the scheme administrator has to pay the death benefits to someone. The process of choosing who the beneficiary(ies) should be can either involve the […]

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Trade body continues investment industry diversity push

The Investment Association is zeroing in on law firms, fintech providers and consultants in its push for diversity in the industry. The IA merged with careers provider Investment 20/20 in April and is widening the programme’s membership to include companies that work with investment firms, such as lawyers and accountants. Since starting in 2013, Investment 20/20 […]

Pension savings-2015

Overseas transfer charge

By Jim Grant, Senior Product Insight & Technical Support Analyst, Royal London Transfers to overseas pension schemes are not recognised transfers unless the transfer is to a Qualifying Recognised Overseas Pension Scheme (QROPS). A transfer to an overseas pension scheme that isn’t a QROPS is therefore an unauthorised payment and taxed accordingly. However, even if the […]

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