Backbench MPs expressed deep concerns over the impact of the retail distribution review in a debate in Parliament last week. The Westminster Hall debate, secured by Conservative MP for West Worcestershire Harriett Baldwin, saw 13 MPs speak in support of constituents’ concerns about the RDR. Tory MP for High Peak Andrew Bingham said his local […]
OBSR has cut its rating on the £1bn Jupiter financial opportunities fund managed by Philip Gibbs to AA due to co-manager Guy de Blonay’s “increasing influence on the product”. OBSR says the fund, which invests in financials sector equities, lost its AAA rating following a meeting on October 14. Jupiter hired bottom-up star De Blonay […]
I concede that the macro-economic outlook for Western economies is still far from certain, with housing and employment data pointing to a continuation of weak consumer activity. However on the plus side, the Fed and other central banks have shown that they are prepared through quantitative easing and low interest rates to avoid at all […]
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.
Anthony Arter has been reappointed as pensions ombudsman and Pension Protection Fund ombudsman for two more years. Both roles are public appointments made by the secretary of state for work and pensions. Arter (pictured) who took up the role in May 2015, will continue in post until 31 July 2021. He is a solicitor and […]
Businessman Dominic Chappell will be forced to pay more than £124,000 for failing to hand over information on the sale and subsequent collapse of homeware store BHS under his administration. Chappell paid £1 for BHS from Philip Green nearly four years ago before its April 2016 collapse that left 11,000 out of work and an […]
Consultants Mercer estimate nearly one third of a trillion pounds will be paid out from defined benefit schemes between 2019 and 2021. The record amount is due to large numbers of active and deferred members expected to transfer to another arrangement alongside a rapidly growing buy-in and buy-out market. This year has seen a record […]