View more on these topics

Tisa looks to speed up pension transfers with new service

Tisa Exchange, the Tax Incentivised Savings Association’s re-registration service, has begun work to bring pension transfers into the project’s scope.

A Tisa working group has been put together and a draft set of service level agreements have been submitted for legal review. The group plans to liaise with the Department for Work Pensions as part of the small pots initiative.

Tisa says all types of pension types will be considered, including Sipps and uninsured personal pensions. The group will also review the implications, processes and set-up costs involved in order to establish an implementation timeline and to raise the necessary funding.

Tisa Exchange chairman David Dalton-Brown says: “All clients will benefit from the work we have done to speed up re-reg to six working days.

”While the focus of Tisa Exchange to date has necessarily been on the re-registration of funds it has always been the intention to broaden the scope to include other assets.

”There is significant interest from the industry to include pensions and the establishment of this dedicated project group is the next step in the development programme to bring this about.”



Aegon eyes D2C offering for orphan clients

Aegon is looking at developing an online direct-to-consumer proposition for orphaned clients. The insurer says it also plans to make the service available for advisers to refer lower value clients they no longer wish to serve. Aegon UK managing director of retail and intermediaries Duncan Jarrett says: “The financial advice market has altered dramatically since […]


EEA death bond fund plans restructure to lift suspension

The suspension on the EEA Life Settlements fund could be lifted in six weeks as proposals are made to restructure the fund. Dealing in EEA Life Settlements was suspended in December 2011 after it was hit with unprecedented levels of redemption requests from investors following the FSA’s labelling of life settlement funds as high risk, […]


‘More dramatic than the RDR’: Inducements review could force firms out of business

Some large advice firms face a significant profits hit in the wake of the FCA’s clampdown on provider inducements, raising questions about their sustainability. Last week, the regulator published new guidelines on inducements and conflicts of interest after a thematic review of 26 providers and advice firms found over half could be in breach of its rules […]

Finding value in UK equities

By Mark Martin, Investment Director & Head of UK Equities Register for a live update on 9 July at 14.30 with Mark Martin, who will be discussing Chancellor George Osborne’s ‘emergency’ summer budget, the UK equity landscape post May’s General Election and his outlook for the second half of 2015. Mark will also highlight the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment