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LSE shuns equities for its own pension scheme

The London Stock Exchange is itself avoiding the equity markets by transferring its own pension scheme is to move out of equities in favour of fixed interest. Speaking at its AGM last friday LSE chairman Don Cruickshank accepted the decision was ironic. The closed fund will gradually sell the remaining 25 per cent in equities. A spokesman says the move was decided a year ago and has nothing to do with the current state of the markets.

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Misys IFA supremo to move to banking arm

Misys&#39s financial services head Ivan Martin is moving to head up the group&#39s banking and securities division as part of a management reshuffle ahead of offloading its IFA networks.Martin moves from his role as Misys financial services division chief executive to the position of chief executive of the banking and securities division. Group managing director […]

New Misys business &#39could package products&#39

The floated Misys IFA business could offer financial services products branded in its name.As part of a raft of proposals to expand the business ahead of its planned flotation, Misys is looking at packaging products in its name. It also wants to target bancassurers and other new entrants into the post-CP121 environment with outsourced technology […]

Chelsea calling for debate on structured plans

IFA Chelsea Financial is urging advisers not to blacklist structured products across the board until there has been an informed debate on their worth and future prospects.Structured plans have come under a barrage of criticism recently as many – including New Star&#39s forthcoming product – include volatile stocks from the Nasdaq 100 or Techmark indices […]

1% cap fears over new plans – Friends Provident

Friends Provident supports Sandler&#39s proposals to introduce a set of simple regulated products but says experience of stakeholder pensions suggests that a 1 per cent cap may restrict the take-up of new stakeholder products.It stresses that consideration should be given to the effect these proposals may have on the availability of independent advice in the […]

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White paper — recording sickness absence

The latest figures from the Department for Work and Pensions illustrate that sickness absence is still a major cost to businesses, with an annual bill for sick pay and associated costs to employers of £9bn. This paper from Jelf Employee Benefits looks at the importance of recording sickness absence for any employee health strategy and how this can be carried out in an efficient manner to reduce absence, improve employee engagement and drive up profits.

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