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.
F&C recorded gross new inflows of £703m into its Oeic range in 2007, a 37.3 per cent increase on 2006, in what was a record year for its open-ended investment funds.
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 […]
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 […]
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 […]
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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Advisers are being targeted by claims management companies offering payment for referring complaints related to defined benefit pension transfers. Capital Asset Management chief executive Alan Smith was sent a letter this month from Birkenhead-based firm Pension Justice, which claims to be a “missold pension compensation specialist”. The letter asks advisers if they have seen clients […]
Patience is an underrated skill in business. Do not fall into the trap of making decisions too quickly and regretting them later. It is important to make decisions when you run a business. Indeed, there are some situations where making any decision is better than analysis paralysis. However, there are also times when you need […]
Aegon has called on the government to double the tax exemption for employer-arranged pension advice. A report from Aegon and the CBI in March found 56 per cent of employers think the government should extend the tax exemption for employer-provided pension advice to more than £500. Now Aegon wants to see that exemption doubled to […]