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.
As we hurtle towards the new year, it is worth remembering much of the so-called client-centricity discussed is, in fact, little more than process that will not determine whether you win, lose or draw. Sure, a process needs to be reliable, cost-efficient and to point the right service at the right people. But it is […]
The Association of Member Nominated Trustees and the UK Sustainable Investment Association have urged pension funds to keep an eye on whether their investment consultants’ sustainable investment advice lives up to the minimum service requirements under regulation. The AMNT and UKSIF says consultants should meet minimum requirements as soon as possible so as not to […]
An investment consultant has been banned and fined £20,000 by the FCA for failing to declare conflicts of interest. As a non-executive director at two mutual societies, Angela Burns was asked for guidance on investment management services, and participated in conversations about Vanguard, which had just opened UK offices. She simultaneously solicited work from Vanguard […]