Public sector workers now out-earn their priv- ate sector counterparts by 17 per cent, as well as receiving typically better pension arrangements, according to research by the Chartered Institute of Personnel and Development.
David Blunkett’s plans for automatic enrolment in company pensions will increase employers’ costs, says Clerical Medical manager of industry affairs Stuart Mason. Mason says the Work and Pension Secretary is right to suggest that plans for auto enrolment, or soft compulsion, will not be prevented by the European distance marketing directive after the Treasury issued […]
Strange goings on at the ABI summer party last week when mid-bash an ABI-branded cake was produced to the bemusement of onlookers. Director general Stephen Haddrill cut a hefty slice before the party resumed. The cake was to celebrate it being 20 years old but there was no announcements to this effect. What a lost […]
The Association of British Insurer’s consultation on clarity for protection application forms has received app-roval from independent adv-isers and providers. The draft guidelines from the ABI are intended to imp-rove clarity of wordings and warnings on insurance applications to enable better disclosure and reduce contes- ted claims. Some of the major chan- ges recommended to […]
Wagstaff will start in September. He was most recently managing director of M&G’s UK retail business with 15bn under management. He resigned in June 2004 after seven years at M&G, saying he wanted to spend time with his family before thinking about his next move. The announcement comes as New Star plans to increase its […]
Loomis Sayles senior equity strategist Richard Skaggs reviews the events that have helped to shape various markets during the third quarter of 2016 and takes a look at the outlook for growth in the US over the next few months and into 20. Click here
- Top trends
- Top trends
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- How much are advisers charging for pension transfers?
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]
National advice firm Foster Denovo has acquired employee benefits consultancy TEBC. The deal brings over 100 corporate client relationships, and Foster Denovo will look to build TEBC’s staff into its own employee benefits division, Secondsight. Foster Denovo says the deal is the first in an acquisition strategy it will be pursuing. Chief executive Roger Brosch […]