F&C Asset Management has announced plans to cut the annual costs on its business by £12m. The firm is set to appoint a new outsourcing provider in a bid to diversify its business and cater for new client needs. F&C says the appointment will affect approximately 110 staff, which represents around 70 per cent of […]
The Government will today confirm it will scrap the default retirement age from April 2011. In July, the coalition announced it was consulting on plans to scrap the default retirement age from October this year. Employers can currently force an employee to retire at age 65. Their only obligation is to hold a meeting with […]
The Financial Ombudsman Service will ask for a levy increase of up to £30m if firms stop paying case fees pending the outcome of the British Bankers’ Association judicial review into payment protection insurance. The FOS this week published its consultation on its annual plans and budget for 2011/12, outlining plans to freeze the £500 […]
By Jamie Clark, Business Development Manager It seems that auto-enrolment has been relatively successful so far: Figures from the Pensions Regulator show that since the start of auto-enrolment, over 60,000 employers have put more than 5 million members of staff into a workplace pension. The adviser and pension provider markets have so far managed to […]
There are plenty of office parties and Christmas events going on at this time of year. But have no fear – you can still stay healthy while going out and enjoying yourself, with a little bit of planning!
Along with all the other firms that provide advice on defined benefit transfers, we received our questionnaire from the FCA about the quantity and nature of cases we have handled since 2015. By the time you read this, the deadline for its return will have passed and those under scrutiny will have breathed a collective […]