The National Association of Pension Funds has won Government backing for a free independent service providing pension information.It will be working with manufacturers’ organisation EEF and trade union Community to address workplace pensions with a new initiative called Pensions Force. The project, revealed in Money Marketing in January, is scheduled to start this year and aims to increase aware- ness of the need to plan for retirement and help make informed choices. NAPF director of policy Joanne Segars says: “Pension information provided on a face-to-face basis through the workplace can make a difference in boosting awareness of pen- sions and encouraging saving or retirement. “Pensions Force will give people access to the kind of information which could ultimately help secure a better income in retirement through their workplace and will help those people who have access to workplace pensions but do not take advantage of them.”
IFA firm Prescient Financial Intelligence has gained its 1,000th client 16 months after its launch in August 2004. The firm has offices in Exeter, Glasgow, London and York specialises in Sipp and IHT solutions for small asset managers and discretionary fund managers.
One in three pension schemes reduced their exposure to equities last year, says the National Association of Pension Funds. Thirty per cent of 350 resp- ondents to a survey cut the proportion of their portfolio inv-ested in equities during the last 12 months and 25 per cent increased their bond holdings. The figures confirm that […]
US insurer MetLife is set to follow American rival Hart-ford Life into the UK market with onshore and offshore investment bonds and a Sipp product. MetLife is preparing a move into the UK by the second quarter. The firm is lining up a series of external fund links for its bond offerings and is in […]
The FSA will conduct further work this year to ensure mortgage providers provide relevant disclosure documents and has warned them they could be accused of mis-selling if they fail to do so.
By Fiona Tait, Pensions Specialist 2015 was quite a year for pensions. Change, more change, and proposed changes to the changes. The Spring Budget – pre-election plans With everything that has happened since, it is hard to remember what happened in March. Following on from the bombshell of the 2014 Budget, the Chancellor confined himself […]
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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]