Just one in four advisers are willing to work on transfers out of defined benefit pension schemes, boosting calls for new regulatory guidance. A survey of 248 advisers conducted by NMG Consulting found just 27 per cent would undertake DB transfers, while around half said they they would not. A quarter of respondents were undecided. […]
PI insurers are considering exclusions for insistent DB to DC transfers, Money Marketing understands.
A Labour government would avoid heavy-handed regulation, according to shadow chancellor Ed Balls, despite plans for a bank bonus tax and to raise the top rate of income tax. Speaking to the Financial Times, Balls said that Labour would seek to institute a 50p income tax rate throughout the next parliament, but would also seek […]
Increasing auto-enrolment contributions, reforming tax relief and extending new guidance service Pension Wise should be priorities for the new pensions minister, say industry experts. This week former Saga director general and older workers’ champion Ros Altmann was appointed pensions minister as part of the Government’s reshuffle. The pensions industry wasted no time in setting out […]
By Simon Fletcher
As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.
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