View more on these topics

Small firms exempt from offering stakeholder

The Government says most employers will not have to offer stakeholders.


The Department of Social Security is expected to announce today two thirds of employers &#45 those with less than five employees &#45 will not be forced to offer the Government-backed pension.


Government ministers claim only 75,000 of the 5m stakeholder target group who earn £9,000 to £18,000 without private cover will not have access to stakeholder.


The announcement of forcing pension providers to levy only a 1 per cent annual charge is set to raise further protests from advisers who claim the charge is too low.

Recommended

Norwich Union Catmark pledge

Norwich Union its “putting its money where its mouth is” by pledging to pay out if its Cat standard funds are out-performed by rivals.NU is promising if any of its four most popular funds don&#39t achieve better than average returns against its competitors, investors will receive a payment into funds equivalent to its annual management […]

Bank dials up mobile phone option

Ulster Bank is launching a new banking service via web-enabled mobile phones. The NatWest subsidiary is hoping to be the first to offer the service using Wireless Application Protocol which allows internet access via mobile phones allowing customers to check their balances and conduct a transaction search at any time.The move follows the Woolwich who […]

CML calls for reform

The Council of Mortgage Lenders is warning the Government not to take a “piecemeal” approach to mortgage regulation.Its recommending the FSA should take charge of all mortgage regulation and that the government should also decide what information disclosure would be best for consumers.The trade body is also urging the Government to consult widely on what […]

Dunfermline carpetbagger defence

Dunfermline Building Society is following the move of other beleaguered mutuals by forcing new members to give potential windfalls to charity.The move follows “disruption” as a result of windfall-chasing new members opening accounts in the hope the society will one day convert to a bank.By making new members relinquish windfall pay-outs Dunfermline joins the ranks […]

Allianz Technology Trust – April 2017

Welcome to the latest update for Allianz Technology Trust PLC from the Trust’s portfolio manager, Walter Price. Portfolio review The Trust’s NAV returned 4.3% , outperforming the Dow Jones World Technology Index return of 2.8%. In US dollar terms, the portfolio gained 4.8%. During the month, stock selection contributed to relative performance, and industry allocation […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment