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Advisers slam Now: Pensions over £500 employer exit fee

Automatic enrolment provider Now: Pensions has come under fire for hitting employers with an exit fee if they choose to switch to a different scheme within two years. Under scheme rules in place since it launched in 2012, employers who decide to switch provider within the first 24 months have to pay a fine depending […]

Ascentric marketing director exits

Ascentric sales and marketing director Mike Morrow has quit the company for a new role. Morrow will be replaced by head of business development Justin Blower and head of marketing Sarah Lyons, who will lead sales and marketing, respectively, on an interim basis. Ascentric managing director Jon Taylor says the Royal London-owned platform will consider […]

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Under attack: Advisers warned of cyber risks of ‘insecure’ email

Advisers are exposing their clients to the risks of fraud and theft, experts warn as research reveals hundreds of firms are using non-secure email addresses. Data from Matrix Solutions compiled for Money Marketing shows 9 per cent of advice firms use a webmail domain name as their company email address. Of a sample of 4,945 […]

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Annuity rates plummet to lowest level since 2012

Standard annuity rates have fallen to their lowest levels since November 2012, with the pace of decline increasing since the turn of the year, according to data published by Moneyfacts. The rate payable for an average single-life standard annuity for a 65 year old with a £10,000 pot has fallen by 5.9 per cent in […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.

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