Opra is hosting a whistleblowers' workshop on new reporting guidelines for pension scheme auditors and actuaries.
New Star's purchase of Edinburgh Fund Managers' retail funds and multi-manager business brings chairman John Duffield's buying spree to an end for the foreseeable future.New Star head of retail sales Mark Skinner says the 24 funds which the firm has bought from Aberdeen Asset Management, including 10 funds of funds, are the final piece in […]
The global trade deficit in goods narrowed in July. It now stands at 4.3 per cent GDP. The improvement was aided by a dramatic drop in the shortfall in non-EU trade which fell to its lowest level since May 2002 and exports to the US climbed by £400m according to Gerrard's latest figures.
The Association of Consulting Actuaries says Government is failing to put enough priority on encouraging employees and employers to make more substantial pension contributions.Chairman Gordon Pollock says the Government's most recent reform proposals, published in June, fail to encourage employers to continue with defined-benefit provision. In particular, he says there is almost nothing in the […]
Erica Harper of Zurich must be wondering where her weekly dose of press cuttings got to last week.The Diary was delighted to receive press cuttings about Zurich on our fax but we don't think they were intended for us.Could Consolidated Communications possibly have made a mistake? The Diary is only sorry that it wasn't a […]
Jelf Employee Benefits has launched Jelf AEase, an enhanced auto-enrolment (AE) service aimed at companies with fewer than 50 employees that are due to stage from August 2015.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]