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Admin switch leaves Now: Pensions members uninvested

Now: Pensions failed to invest some members’ contributions for at least six weeks, Money Marketing can reveal. Between 11 December 2014 and 31 January 2015, the firm switched to using JLT Employee Benefits as its administrator instead of Equiniti Paymaster. Around 400 employers, representing 200,000 savers, were locked out of the scheme’s systems during a “blackout” […]

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Talbot & Muir calls time on non-advised business

Sipp provider Talbot & Muir is to stop all non-advised business when the new pension freedoms come into effect on the 6 April. The firm says it has been moving away from execution-only business but has now decided to run all future business through advisers. However, existing clients will be able to continue sending contributions […]

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Oil prices ‘unlikely’ to return to previous highs

Oil prices dropped around a percentage point in early Asian trading after Saudi’s Opec governor said it would be hard to recover to previous oil price highs. Saudi’s Opec governor Mohammed al-Madi believes that hitting the $100 to $120-a-barrel mark again would be “difficult”, the BBC reports. He also said Saudi Arabia would not ’unilaterally’ cut its output to […]

The Day of (B)reckoning

A period of exceptional uncertainty started last Friday for the UK, including a fierce leadership battle in a deeply divided Conservative party, the timing of the trigger of the EU’s Article 50, as well as a potential referendum in Scotland, and Northern Ireland. Click here to read the full article

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