The joint pensions standards group has launched an initiative designed to boost standards in the operation of occupational pension schemes.The group is chaired by Jardine Lloyd Thompson’s John Reeve of the Raising Standards of Pensions Administration campaign. Its member communications team, set up to raise the standards has set out models of good and best practice after researching documents used by a range of schemes. Examples are available on the RSPA website. The initiative includes three guides for members – defined benefit, defined contribution and an annual scheme review booklet for DB schemes. They are based on current legislation but revised versions will be released to take A-day changes into account. The guides are in factsheet format. The team is also looking at best practice examples of annual member statements for DB and DC schemes and aims to post these on the website shortly.
Assureweb is claiming that new links with four product providers’ websites will treble its new business transactions in the next year. The portal now links to the extranet sites of Prudential, Scottish Equitable, Standard Life and Scottish Pro- vident in addition to Nor- wich Union, Scottish Widows, Friends Provident and Legal & General. Assureweb director […]
Strutt & Parker Real Estate Financial Services has set up a property development fund which is eligible for IHT business property relief. It has a minimum investment of 250,000 and is not subject to IHT upon the death of the investor. It aims to deliver returns of between 10 and 15 per cent a year.
Confidence in the housing market has remained stagnant for the fourth successive month according to the Woolwich Consumer Confidence Index.The index has now not moved since April, with 49 per cent of homeowners expecting house prices to rise over the next 12 months, compared to 62 per cent in July last year.Woolwich head of mortgages […]
Afinancial journalist can always tell when it is summer. It isn’t just that newspaper pagination falls off the face of a cliff or that everyone goes on holiday and any query takes twice as long to get a reply from a somnolent press office.
By Mark Martin, Investment Director & Head of UK Equities Register for a live update on 9 July at 14.30 with Mark Martin, who will be discussing Chancellor George Osborne’s ‘emergency’ summer budget, the UK equity landscape post May’s General Election and his outlook for the second half of 2015. Mark will also highlight the […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]