The Pensions Regulator has published its draft code of practice on dispute resolution procedures for schemes. Consultation runs until May 13 with the final code due in September. Key points include giving scheme trustees and managers greater flexibility when designing a schemes dispute resolution process and ensuring claims are dealt with swiftly.
Rathbone Unit Trust Management is hitting the road again this year making contact with IFAs, promoting three of its main trusts.The investment team will follow up last years national tour, visiting nine locations for either a lunch or dinner appointment, hearing views on stockmarkets, major investment themes and will include Q&A. The tour will focus […]
Standard Life says a lack of demand for the Sandler medium-term savings pro-duct from IFAs will delay the company’s launch into the market.
Skandia appoints Mike Smith as head of investment sales – offshore, joining from Gartmore, where he was head of UK retail distribution. Smith will be responsible for the sales of Skandia Investment Management Limited’s investment products to intermediaries in overseas markets and will work closely with Royal Skandia. SIML chief executive Jamie MacLeod says: “Mike’s […]
Legal & General is offering a medium-term Sandler-style investment plan. The MTIP, available as an Isa and unit trust, will invest via the L&G distribution trust and will be sold using the newly developed basic advice service. The total annual charges are 1.32 per cent, and the product is intended to provide an alternative to […]
By Kunal Desai, Head of Indian Equities
With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.
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The Work and Pensions select committee is launching a new inquiry into defined ambition pension schemes, which were legislated for but not fully implemented in 2015. The inquiry will consider whether collective defined contribution arrangements can give better outcomes than traditional DC plans, how they might be governed and whether seriously underfunded defined benefit schemes […]
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