Former pensions minister Steve Webb has defended communication of the new state pension, the triple lock and played down the concerns of women who will miss out under the new regime. Speaking to the Work and Pensions committee today, Webb hit back at claims the new system has been missold. Earlier this month, pensions minister […]
The Government has drawn up plans to apply an “emergency pause” to the rollout of auto-enrolment to small and micro firms. Ahead of a rapid increase in the number of firms hitting deadlines to enroll staff in schemes, the Department for Work and Pensions has plans in place to halt the programme if necessary, the […]
The industry is split over whether the Government will be forced to slow the pace of automatic enrolment as millions of small employers set up pensions for the first time. In yesterday’s Autumn Statement the Chancellor revealed planned increases to minimum contributions will be delayed by six months. The move nets the Treasury £840m over two years […]
The new full state pension will be set at £155.65 a week when it begins to be paid in April 2016, the Chancellor has announced. Speaking as part of the Autumn Statement today, George Osborne confirmed the weekly amount which will be paid to people with a full 35 year National Insurance Contribution record. Workers […]
Macroeconomic matters are less significant for stockpickers, says fund manager Philip Wolstencroft. The companies in his portfolio are growing reliably and stand at a 20 per cent discount to the market.
GAM has seen its assets under management drop CHF 17bn (£13.2bn) in the three months to the end of September this year. The Swiss group says the unconstrained/absolute return bond strategies contributed CHF 10.8bn (£8.4bn) to the outflows after an internal investigation into the conduct of its manager Tim Haywood was sparked by an internal […]
National IFA Lighthouse has renewed its deal to provide retirement, investment and mortgage advice to British Airways staff. Its “affinity partnership” with BA Clubs, which provides membership benefits to around 40,000 current or former British Airways staff members, has been extended until July 2021. Chief executive Malcolm Streatfield says the deal shows Lighthouse “remains committed” […]
Merian Global Investors has teamed up with Ping An Asset Management in a new partnership joinging together expertise. Both businesses have signed a memorandum of understanding to mark the formal commencement of its new “strategic partnership” which aims to bring together skills to benefit both organisations and end clients. Ping An had already been used […]