The Pension Protection Fund board has taken responsibility for the Fraud Compensation Fund which replaces the Pensions Compensation Board. The fund will provide compensation to occupational pension schemes that suffer a loss that can be attributed to dishonesty.
Have bacon sarnies and Resolve at the ready next Wednesday following the industry bash of the year, indeed, of the last 20 years – Money Marketing’s 20th birthday party – to be held at London’s Somerset House (above). The Diary expects to see many new friends and long-time cronies.
Child trust funds are changing saving behaviour, with more parents saving more money towards their children’s future, says The Children’s Mutual. The company says it has seen an increase of 50 per cent in the number of new parents saving for children than before CTFs were introduced. Before the launch of CTFs, research from The […]
SimplyBiz is moving into new premises in Huddersfield’s Galpharm Stadium. The support service provider will move into the new offices in October after outgrowing their existing office space. SimplyBiz, with over 2,400 registered individuals and over 1,000 firms since launch, says its rapid member growth has warranted expansion of its compliance and back-office admin staff. […]
University graduates risk cutting their pension funds in half by delaying contributions until they are 30, warns HSBC. Almost half of young people believe they are too young to prioritise their pension, with 48 per cent of 16-24-year-olds ignoring the need for a pension. Research by NOP in February for HSBC questioned 981 adults aged […]
It is one of the (very) few things Donald Trump and Hillary Clinton agree on: the cost of healthcare in the US must be brought under control. Simon Edelsten, manager of the Artemis Global Select Fund, explains what this means for investors. Click here to read the full article
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]