The LibDems have revised their pension policy with a switch from increases linked to earnings rather than prices. The revised proposals for pension reform include raising the state pension age to 67 to help pay for extending their citizen’s pension to all pensioners rather than just people over 75. The LibDems would also scrap the […]
The Treasury select committee will question Chancellor Gordon Brown over the pre- Budget report. The committee is calling for submissions to put to the Chancellor and Treasury officials as part of its inquiry into the report, due to be issued on December 5. The programme of oral evidence consists of two public meetings on December […]
Skandia has launched a new range of tax and financial planning tools for its wrap.The provider says the tools have been designed to support the advice process and enable advisers to demonstrate the benefits of their recommendations to clients.The Business Premium Equaliser calculates the premiums that should be attached to each individual member of a […]
The latest figures from the Department for Work and Pensions illustrate that sickness absence is still a major cost to businesses, with an annual bill for sick pay and associated costs to employers of £9bn. This paper from Jelf Employee Benefits looks at the importance of recording sickness absence for any employee health strategy and how this can be carried out in an efficient manner to reduce absence, improve employee engagement and drive up profits.
A whistleblower who wrote a report criticising Lloyds Bank’s handling of a scandal at HBOS has rebuked the FCA for not investigating, the Financial Times reports. Former Lloyds staffer Sally Masterton wrote to FCA chief executive Andrew Bailey last year, asking him to look into the conduct of Lloyds senior managers towards her. In 2014, […]
The FCA has issued a final notice to Hertfordshire-based Freddy David who is serving four and six-year jail sentences concurrently for two counts of fraud and deception. David was convicted last July of one count of obtaining a money transfer by deception and one count of fraud by abuse of position. The court heard David […]
The Financial Services Compensation Scheme has published its latest list of defaulted firms, with financial and investment advice firms accounting for more than half. A total 12 advice firms are named on the list of 21 firms, along with London-based investment specialist Vantage Investment Group. London-based adviser Sequant Capital Limited has been named on the […]