Pension schemes could be left with tens of millions of pounds of unforeseen liabilities if they underestimate life expectancy among their members, says the Pensions Regulator. In a speech to the UK Pensions and Investment Summit in Brighton, chairman David Norgrove said trustees and their advisers should review their assumptions about life expectancy to ensure they remain suitable.
Advising on contracting out has become a real burden
A team of IFAs from Yorkshire-based JM Glendinning won the first annual golf tournament hosted by support services provider Threesixty. Six regional teams competed for the title at The Belfry’s Brabazon course last week. The winners of the four-ball (pictured below) consisted of Paul Glendinning, Craig Bradley, Richard Carr and Zurich’s Nick Henshaw. Scottish Widows’ […]
Role of the intermediary: Bradford & Bingley director of distribution Adrian Scott assess the starting turn-round in mortgage distribution over the past decade as brokers have taken the lead
The FSA is to lead a six-week exercise to test the resilience of financial institutions in the event of an avian flu pandemic starting on October 13. The regulator will work with 60 organisations to test the potential impact on the UK financial sector.
Cormac Weldon reviews the first year of Artemis’ initial three US funds, and where he sees things going from here. Click here to read full article
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]