Axa is the latest asset manager to impose a six-month notice period on its £2bn life and pension property fund to tackle liquidity problems.
Nationwide claims HSBC’s rate matcher guarantee is a gimmick and says it has no plans to copy the scheme.Rate matcher guarantees to match the fixed rates of existing borrowers coming off two, three and five-year deals for a variable fee.But Nationwide non-retail executive director Matthew Wyles says the society already gets high levels of retention […]
An international study has found that fewer than 10 per cent of consumers are willing to pay for advice on insurance, mortgages and investments.The World Insurance Report by Capgemini Financial Services surveyed more than 11,000 customers in 10 countries.Only 8 per cent say they are willing to pay for advice on insurance policies and the […]
Sea Containers has withdrawn its appeal to the Pensions Regulator against a decision to issue two financial support directions on the company. Sea Containers will now have to provide a form of financial support to two pensions schemes belonging to its subsidiary Sea Containers Services within 30 days. In June 2007, the Pensions Regulator determinations […]
Catalyst and Stargate Capital have teamed up to offer the Catalyst Stargate enterprise investment scheme green fund.
Employees at Johnson Fleming, in Bromsgrove, Worcestershire, are looking forward to trying out some dramatic new hairstyles on Wig Wednesday. A host of colourful wigs will brighten up the office on 20 May as staff support children and young people with cancer.
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Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]
Building on auto-enrolment’s success and fine tuning the pensions dashboard are high on the list As I write my first Money Marketing column of the year, it has given me an opportunity to look back on what the Government has done to transform pensions and savings for people since 2010. Five years on from the […]