Standard Life is set to start legal proceedings against a former employee, with the firm alleging that there was an attempt to steal thousands of pounds from the firm.The company is alleging that the unnamed ex-staff member tried to move around 40,000 worth of commission into a personal account. It is understood that the alleged attempt was picked up by Standard’s compliance team. Closed court proceedings are about to start. A spokesman for Standard Life says: “It is not Standard Life policy to comment on any legal issues, particularly if this is a closed case. We are unable to give any information on any legal proceedings that might be taking place.”
The Government has to ask itself serious questions about its pension plans, such as whether the target of 60 per cent private provision is right, says Scottish Widows head of pensions market development Ian Naismith. Speaking at a fringe event at the LibDem conference, Naismith said that the Government’s response to the Turner report must […]
Paul Donohoe has been appointed Swift solutions director at Sirius Financial Systems, with a brief to market the product to financial advisers. Donohoe was managing director at Modevo, a specialist web software business.
This week by Tom Wainwright, personal finance reporter at the Daily and Sunday ExpressWhen does a freebie become a bribe? I was pondering this with some friends the other night over a game of Monopoly on a posh wooden set sent down a few days ago by an internet company to celebrate the launch of […]
Landlord Mortgages annual BTL review reveals property investors are deserting London due to high property prices.Only 8.56 per cent of all rental properties purchased over the last year were in London, 5 per cent down from August 2003-04.This is a low percentage considering that the ODPM estimated in 2003 that 15 per cent of England’s […]
This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.
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A majority of independent financial advisers think there should be a single rate of tax relief according to this week’s Money Marketing poll. More than 120 advisers took part in the poll with 77 in favour of a single rate of tax relief, 39 against and six undecided. Yellowtail Financial planning managing director Dennis Hall […]
The FCA has issued a warning over ‘commoditised’ defined benefit pension transfers running the risk of unsuitable advice. In a letter sent to advisers holding pension transfer permissions, the regulator reminds planners that a “key area” of its focus is on pension transfers, and that it will later this year be contacting all firms to […]
Problems look set to arise for pension schemes operating relief at source