The Pensions Regulator is developing a free e-learning programme for pension trustees.The programme is available on the regulator’s website and will form the basis of a voluntary qualification for trustees to be launched by the Pensions Management Institute in April. The first tranche will be available in January and will cover units one and two of the syllabus – the responsibility of trustees in relation to trust law and pension law. The rest of the programme will be rolled out throughout 2006. The interactive programme will be made up of a series of stand-alone modules based on real-life case studies. It has been designed by pension and e-learning experts and is intended to be interesting and user-friendly. Successful completion of all the modules will help trust- ees meet the requirements for knowledge and understanding set out in the 2004 Pensions Act. A spokesman says: “Our aim is to provide relevant learning for trustees to enable them to meet their obligations under the Pensions Act 2004, which requires knowledge and understanding of the law relating to pensions and trusts and the principles relating to the funding of occupational schemes and the investment of scheme assets.”
Cofunds has passed the £5bn mark in assets under administration, representing a 40 per cent increase in assets in the first eight months of the year. Cofunds started the year with £3.5bn and its life and pension tie-up with Legal & General is set to go live towards the end of the year.
Mazars’ two brands – Mazars Financial Services and Russell Financial Services – are to be merged under the single brand of Mazars Financial Planning. The firm says it will expand its national IFA operation over the next 12 months and increase its total of registered individual numbers from 20 to more than 25 by the […]
Growth in the services industries, including financial serv- ices, will boost the office property sector over the next few years, says Scottish Widows Investment Partnership. Swip’s latest commercial property outlook says the services industry will account for nearly 82 per cent of UK jobs by the end of the decade, up from 77 per cent […]
Half of people are seriously concerned that they could lose their home in old age, according to a global study by HSBC. The survey found that people’s fear of losing their home (cited by 49 per cent of respondents) is an even greater concern than outliving their spouse (36 per cent) or even dying (30 […]
In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
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