Skipton and Newcastle building societies have both denied reports that they are in talks over a potential takeover deal. Press reports suggested that Skipton could be poised to take over Newcastle to create a 21bn mutual with more than a million members.
The Financial Conduct Authority (FCA) has started to change the way that people will be told about their pension options. In a recent market study paper, they lay out their final proposals on the information that should be delivered to people approaching retirement and how it should look and feel. During 2015, there will be […]
Pushing through a half-baked offering without all the data is an unnecessary risk “Green light for dashboards in 2019 puts pension savers in the driving seat.” That was the triumphant headline atop a Department for Work and Pensions press release, confirming the flagship project will go ahead as planned this year. This green light was […]
Personal Finance Society chief executive Keith Richards has said the FCA’s data on defined benefit data is not representative and risks spooking the public and insurers. Last week, the FCA said it would step up its supervision of DB transfer advice as its fresh data showed a significant majority of clients were being told to […]
The government must urgently publish its green paper on social care as 90 per cent of over 65s have no plan for social care funding, the Association of British Insurers says. The ABI argues a massive new campaign is needed to raise awareness of social care funding based on polling research from Populus alongside analysis […]