View more on these topics

Uncertainty over age rules for schemes

Financial services firms are concerned that age or service-rel-ated pension schemes will effectively be wiped out under the new European anti-age discrimination rules.

The Government has published its final amendments to the draft regulations governing pensions. They allow trustees to pay different contributions into personal pensions and defined-contribution occupational schemes based on an employee’s length of service but the difference must be justified where the member getting a lesser payment has more than five years’ service.

Standard Life marketing technical director Andy Tully says the resulting uncertainty and the prospect of a legal challenge may force employers to change their schemes.

He says: “Employers may not sleep easy with this potential threat hanging over them so changing the scheme now may well prove more attractive.”

The CBI has welcomed the amendments but has called for further time to implement them.


AIC urged to boost promotion

The Association of Investment Companies needs to do more to promote investment trusts and push its members to make information more easily available to advisers, according to Transact managing director Ian Taylor.Speaking at the Money Marketing investment trust round table, Taylor said the AIC does not have a good track record in terms of allowing […]

Zurich adds 40 new funds to range

Zurich International Life is adding 40 new funds to its mirror and international wealth account platforms.The firm is aiming to increase its global investment presence and will introduce Schroder, JP Morgan and Henderson funds.The funds will be available from November and will focus on emerging markets, property, European funds and bonds. Zurich International Life chief […]

Winterthur bolsters adviser support in the South-East

Winterthur Life has appointed Samantha Bannister as sales consultant to bolster its adviser support services in the South-East.Bannister joins from a sales consultancy position at Scottish Equitable where she was responsible for developing relationships with key accounts in Surrey.Winterthur director of distribution David Thompson says: “Winterthur has seen a significant increase in business following A-Day, […]

Firms combine to set up free IFA seminars

Defaqto, Plum and Taxbriefs are combining forces to offer free joint seminars to IFAs on November 30 at London’s Inmarsat Conference Centre. The sessions will offer guidance on how advisers can use technology to streamline their businesses.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm