Life company funds are producing top-quartile performance as they concentrate on obtaining manager talent and creating alpha-focused products. Within the retail fund sector, life companies have notoriously been considered to have mediocre offerings. With only a handful of notable exceptions, such as Standard Life Investments, few have been able to establish a strong asset management […]
Fidelity head of retail sales Peter Hicks says capital adequacy requirements for platforms are set to increase as they move higher up the regulatory agenda. Speaking at a Fidelity briefing in London last week, Hicks said the FSA has now realised that platforms are fundamental to making adviser-charging work because of the cost, complexity and […]
This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.
Out of context “If you hear any music, don’t worry, it’s not my iPod.” Pimfa’s Liz Field apologises to MM after train delays force her to dash into a coffee shop for an interview “Paid in wine please.” Yardstick Agency Founder Phil Bray jokes about his payment preference after giving financial planning personality Phil Billingham a […]
Inflation stayed put at 2.4 per cent in June, bucking against an expectation it would rise to 2.6 per cent. Data from the Office for National Statistics released today show inflation will remain at its lowest level for 12 months. Smith & Williamson Global Inflation-Linked Bond Fund manager Thomas Wells says the Bank of England will now […]