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.
LV= has launched a new stocks and shares Isa, adding to its existing range of smoothed managed funds for advised clients. It says the funds, which have previously only been available through bond and pension products, reduce the impact of short-term market fluctuations for investors. Available only to advised clients, the new LV= Isa provides […]
The Financial Services Compensation Scheme has today declared The Lifetime Sipp Company in default. Lifetime Sipp was placed into administration in March 2018 and later went into liquidation on the 2 April 2019. The complexity of claims related Lifetime Sipp’s books and led to the FSCS having to spend a lot of time making detailed […]
Most of us have been plagued by unsolicited emails, texts, calls and unsavoury adverts trying to persuade us to claim for payment protection insurance or road accidents that never happened. Now claims managers have fallen under the auspices of FCA regulation and are shortly to lose their golden PPI egg, they are desperately searching for […]