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Pension shadow Waterson arrested

Conservative Shadow pension minister Nigel Waterson was arrested this week after allegedly assaulting his teenage son and daughter. A police spokesman says a 58-year-old man was released on police bail pending further enquiries.

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Death of brokers’ champion Andrew Paddick

Andrew Paddick, director general of the Institute of Insurance Brokers, died suddenly last week.Paddick was a founder member of the British Insurance Brokers’ Association before setting up the IIB in 1987.The combative industry stalwart will be remembered for his forthright lobbying of the Government and regulators. He railed against the proposed mandatory membership of the […]

Pada launches consultation paper on charging for personal accounts

The personal accounts delivery authority launched its consultation on choosing a charging structure to pay for personal accounts today.The consultation paper outlines a number of ways charges could be deducted including an annual management charge, a contribution charge and a joining charge.But Pada identified the fact that different charging structures favour different potential members depending […]

A-Day effect just keeps on going for advisers

The A-Day effect is far from over as advisers are predicting that clients’ pension contributions will increase over the next three years, says Skandia.The firm’s survey of 500 advisers shows that 64 per cent predict clients’ pension contributions will increase over the next three years, a third forecast no change and 3 per cent predict […]

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Case study: administration — managing group life schemes

Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).

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