Six more adviser firms have joined Nucleus, taking the number of firms with a stake in the platform to 34. More than 200 advisers now use Nucleus, with assets under control at about 8bn.
Olivant has announced today that it has decided to pull out of the running for Northern Rock while the Virgin-led consortium and NR’s Board have confirmed their plans for the stricken lender.
The Bank of England has cut base rate to 5.25 per cent from 5.5 per cent today as was widely expected.The MPC judged that a reduction in rates by 0.25 per cent was necessary to meet the 2 per cent target for CPI inflation in the medium term.CPI inflation was at 2.1 per cent in […]
Mervyn King has been reappointed as governor of the Bank of England for a second five-year term.He became governor in July 2003 after being deputy governor from 1998 to 2003.Chancellor Alistair Darling says: “Mervyn King has played a key role in delivering macroeconomic stability in the UK and his leadership and experience will continue to […]
Sesame will stay in the Friends Provident fold as it gives the insurer a good insight into the adviser market.As part of its strategic review, Friends is to sell high-net-worth IFA firm Pantheon but will keep Sesame. Friends bought the two firms last May, paying £75m for Sesame and £33m for Pantheon.The life office says […]
Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.
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Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]
Building on auto-enrolment’s success and fine tuning the pensions dashboard are high on the list As I write my first Money Marketing column of the year, it has given me an opportunity to look back on what the Government has done to transform pensions and savings for people since 2010. Five years on from the […]