Tenet has been awarded prior learning accreditation with the Chartered Insurance Institute. The move means that the firm can develop, administer and mark the JO5 exam module.
Cazenove says the risk-adjusted returns of its multi-manager diversity fund over the past five years prove that its multi-asset strategy performs throughout an economic cycle. Risk-adjusted returns refer to the level of risk taken by the fund manager to achieve the returns. Cazenove, which is set to launch a multi-asset income fund along similar lines, […]
The Council of Mortgage Lenders has urged the Government not to make further cuts to income support for mortgage interest payments when it conducts its forthcoming spending review. A 40 per cent cut in the rate for income support to cover borrowers’ mortgage payments is due to come into effect today. The trade body is […]
Nucleus is planning a £15m rights issue to pay back the company’s debt to South African insurer Sanlam. Nucleus founder and chief executive David Ferguson (pictured) says the fundraising has been discussed informally for the last 18 months and has secured large shareholder support. It is expected to be completed by the end of this […]
Former Standard Life Savings chief executive Geoff Towers, who helped to build the company’s platform business, is to join Legal & General, Money Marketing understands. An announcement confirming the appointment is expected soon and it is understood that Towers’ role will cover marketing, platforms, and retention. Towers left Standard Life in March. His departure came […]
One of the areas that will be high on the new minister for pensions’ to-do list will be the forthcoming review of automatic enrolment (AE). The outgoing minister had regularly said that AE contribution levels would need to be revisited early in this parliamentary term, and new research by Jelf Employee Benefits reveals employer support for such proposals.
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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 […]