The total deficit of UK companies’ final-salary pension plans stands at 100bn, according to analysis by Deloitte. This is an improvement from 130bn at the start of 2005, aided by the 10 per cent rise in the stockmarket since January 1. Deficits among FTSE 100 companies have decreased to 52bn from 65bn at the start of the year. Deloitte predicts it will take more than 15 years for deficits to be cleared by companies.
Recent events have reminded us that when all things are considered, money is not the most important thing it life. Several years ago, I attended a two-day workshop with George Kinder on the Seven Steps to Money Maturity.
Compensation for mortgage endowment and precipice bond misselling increased threefold last year, according to the Financial Services Compensation Scheme’s annual report. Compensation paid on the misselling of personal pensions fell by 25 per cent to just under 47m, with the Pensions Review drawing to a close. But investment claims handled by the scheme in 2004/05 […]
Lighthouse has signed up 30 new advisers and is in discussion with 75 more as it targets rival networks, banks and City institutions. The firm launched its recruitment campaign at the start of June looking to expand each of its three arms – its tradit- ional network Lighthouse Express, national IFA division Lighthouse Temple and […]
Mortgage Advice Bureau signs up Enfield-based estate agency chain Lanes to its branch network. The new sign-up adds five new branches to the network, to which MAB will provide an advisory service.MAB has also brought five consultants and two administrators to the chain. It now has about 250 outlets across the UK. MAB chief executive […]
Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?
- Top trends
- Top trends
- Pension tax relief in firing line as Hammond mulls ‘intergenerational fairness’ Budget
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- Scottish Widows mulls Standard Life corporate pensions book takeover
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- How much are advisers charging for pension transfers?
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Three fund selectors give their views on choosing passive funds, blending, and investor suitability
The youngest ever fellow of the Personal Finance Society has moved to a new advice firm. Vito Faircloth gained the accolade last year at the age of just 22. He became level four qualified in August 2015 before taking additional exams with the professional body. Chief executive Keith Richards described the achievement as “truly remarkable”. […]
Providers are calling on the Work and Pensions Select Committee to tackle the advice gap and tax on pension withdrawals in its review of pension freedoms. The committee said last month it was opening an inquiry into whether the pension freedoms are achieving their objectives and if policy changes are needed. In its submission to […]