Parliament is due to vote on whether members of occupational schemes who lost part or all of their pensions before the Pension Protection Fund came into effect and fell into the Financial Assistance Scheme, will get comparable payouts. The expected close vote will determine whether pension victims will see payouts rise from 80 per cent of lost benefits to the 90 per cent paid by the PPF.
Annie Shaw takes passage to India to look at Kent Reliance Building Society’s unconventional but successful outsourced call centre in Bangalore.
Cheltenham & Gloucester
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Continuing to look at offshore roll-up funds with a practical example of how gains are calculated on part-encashment.
Disgruntled IFAs are using 1st Software’s online forum to make complaints over its software and service.IFAs cite problems over using new and updated software as well as the amount of time it takes 1st Software to fix certain problems on its system.One adviser complains about the stochastic planning model on the platform while another says […]
By Douglas Turnbull, Investment Director, Head of Chinese Equities China faces a ‘Rubik’s Cube’ policy trilemma, whereby it needs to sustain a minimum acceptable level of growth, deal with issues such as overcapacity and reform the financial system to make it a far more efficient allocator of capital. Given the contradictory nature of these objectives, […]
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]