The majority of companies of all sizes are worried the Government’s personal accounts plans will damage existing provision and many fear it will create pensions apartheid, according to ACA research.An Association of Consulting Actuaries survey found sixty eight per cent of employers fear the introduction of personal accounts will lead to a levelling-down in employer […]
Standard Life has reached a compromise with its staff after an angry reaction to plans to cut their pension benefits.Consultation ended last week on Standard’s pension scheme for employees and staff entitlements which will not be downgraded as much as had been feared.The firm had proposed the reforms following its demutualisation last July in a […]
Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]