Platform Alliance Trust Savings must compensate a client after he was unable to make several investments because the online service was down. The client, Mr W, had around £2m in his Sipp fund with ATS. In late June 2016, his advisers tried to make a number of investments into specific funds, however, these did not […]
Adviser-led discretionary fund manager P1 Investment Management is launching a range of five passive portfolios it is claiming to be the cheapest in the UK with a total cost of 0.19 per cent. Built against five different risk profiles, the funds are based on P1’s hybrid model portfolios and will carry charges of 0.1 per […]
The Pensions Regulator “urged” trustees at the British Steel Pension Scheme to talk to members about the importance of getting independent financial advice, according to a report published today. The report explains how the regulator viewed financial advice for transfers when it assessed the application from Tata Steel UK for a regulated apportionment arrangement and […]
A breakdown in talks to merge Lloyds’ Scottish Widows arm with Standard Life’s pension and life insurance business led the high street bank to pull £109bn from the asset manager, according to reports. Last week, Standard Life Aberdeen shares fell 6 per cent on news Lloyds decided to end investment management arrangements with the asset manager on £109bn […]
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.
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