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Raising standards consults on mergers

If a merger were to take place between two life offices both having the Raising Standards Quality mark, they could retain their kitemark according to proposals published by the scheme this week.

But if a life office were to take over or be bought by a rival without the quality mark, the other life office would have to meet certain key standards, the raising standards team says.

The Raising Standards team are looking to clarify what would happen if two life companies were to merge. The consultation closes on September 30.

Project director Stuart Tragheim says: “Raising Standards was designed to be dynamic and evolve over time to respond to the changing market conditions. If we see further consolidation, we must be absolutely clear on how the scheme applies when two brands merge.”

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Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.

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