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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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]