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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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology