Skandia group sales director Mike Gordon is taking early retirement in the new year. He has held the position since 1993, managing a sales-force of almost 100 consultants. UK regional offices director of sales Simon Burgess will take responsibility for international and offshore sales. Director of sales for networks and nationals Steve Powell will take responsibility for business development opportunities.
Bankhall has been chosen as preferred provider by the Institute of Chartered Accountants in England and Wales which should see up to 4,500 firms refer business to Bankhall members from N2.From its annual conference in Monaco, Bankhall has announced it has also been recommended by the Law Society of Scotland and is in discussion with […]
Only one in three people in the UK has arranged a pension, sparking fears of the population facing poverty in retirement, according to a report by Alliance & Leicester. A&L's quarterly Wealth Tracker Index of 2,000 consumers carried out in August reveals the full extent of the pension crisis in Britain and the need to […]
Stakeholder pensions will be misbought and lead to greater financial exclusion, forecasts the Swiss Re Insurance Report 2001. The report found that the pension system is still so complicated, with the minimum income guarantee and pension credits, that stakeholder will never be simple and consumers will not understand what they are buying. It says the […]
Shadow Economic Secretary Howard Flight says Ron Sandler's review of the retail savings market proves the Establishment is anti-IFA. Speaking at last week's Institute of Financial Planning Conference in Coventry, Flight slammed the review, saying: “I was shocked the Sandler consultation document contained outrageous Establishment anti-IFA bias.” He accused the review of being “shallow in […]
Most of us would agree that pensions were complicated enough before April 2015, but since the pension freedom changes came into effect it has got a whole lot worse.
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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 […]