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Howard Flight announced as president of new trade body

Conservative peer Lord Howard Flight was today announced as president of the new adviser trade body being launched by Garry Heath. Former IFA Association director general Garry Heath revealed further details of the association, named Libertatem, at a launch event in London today. He aims to raise £1m in the first 15 months of the […]

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US dividends up for the fifth time in Q1

US companies paid out a record $99.4bn (£63.3bn) in the first quarter of 2015, up 14.8 per cent year-on-year, the Henderson Global Dividend Index shows. The rise in dividends marks the fifth consecutive quarter of double digit increases, despite a surge in the US dollar. North American companies spread their payments more evenly over the […]

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Experts warn of pensions brain drain as Webb and McClymont lose seats

The pensions industry is reeling after leading figures lost their seats, resulting in a pensions ‘brain drain’ in the House of Commons. Pensions minister and Liberal Democrat Steve Webb, shadow pensions minister Gregg McClymont, shadow Treasury minister Cathy Jamieson and work and pensions select committee chair Dame Anne Begg all lost their seats. Hargreaves Lansdown […]

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England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.

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