Standard Life has appointed Crawford Gillies as non-executive director. He has spent 22 years with Bain & Company management consultants, which will retain him as senior consultant.
The Government’s proposals for alternatively secured pensions will not discourage people from using the product to stave off annuitisation, says Legal & General pensions strategy director Adrian Boulding.Some commentators have argued that the pre-Budget report restrictions, including an 82 per cent tax charge on death benefits, will effectively kill off the Asp market.But Boulding says […]
Fidelity has welcomed plans highlighted in the White Paper to minimise the impact on employer schemes and leave the door open for branded provider choice. However, it says the Government must defer auto-enrol- ment of existing employees until 2015 or later.
‘FSA must play role in promoting income protection’
The Tories have warned that setting a £5,000 limit on Personal Account contributions risks ‘backdoor nationalisation’ of occupational pension provision.The Conservatives say the limit risks diverting funds from current occupational schemes as the £5,000 maximum cap is the equivalent to the yearly pot accrued by an individual earning £37,000 a year and making average contributions […]
Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy
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Legal & General has appointed Mark Jones to the role of product director of UK protection, within its insurance division. Jones joins from Sun Life. He will be responsible for the developer of both retail and group protection products, and will report into the managing director for UK protection, Steve Griffiths. Griffiths says: “We are […]