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Advisers slam Now: Pensions over £500 employer exit fee

Automatic enrolment provider Now: Pensions has come under fire for hitting employers with an exit fee if they choose to switch to a different scheme within two years. Under scheme rules in place since it launched in 2012, employers who decide to switch provider within the first 24 months have to pay a fine depending […]

People on the move

The chief executive of Aviva’s UK and Ireland Life business David Barral is to leave at the end of May after 16 years with the firm. Barral’s departure follows shareholder-approved Aviva’s takeover deal of Friends Life. Friends Life chief executive Andy Briggs will become chief executive of the enlarged UK and Ireland life business, subject […]

Labour won’t pursue heavy-handed regulation

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 […]

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Pensions governance committees ‘retirement homes’ for industry veterans

Consumer champions have branded the new Independent Governance Committees for contract-based schemes “retirement homes for financial services executives, actuaries and investment bankers”. But providers have hit back, claiming the committees provide greater consumer protection than trust-based schemes. The requirement for governance committees to be established for auto-enrolment schemes was introduced following the Office of Fair […]

Martin Cholwill

Difficult backdrop, but market to grind higher

Senior Fund Manager, Martin Cholwill reflects on current conditions within the macro environment. He expects continued uncertainty in the UK economy and on the political horizon could provide a difficult backdrop, but remains positive that the stock market will grind higher. Read the article here Past performance is not a guide to future performance. The […]

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