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?
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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 […]
Sam Seaton talks about how her interest in people affects her approach to technology