Jelf Employee Benefits focuses on Ebola Virus Disease (EVD) and what this means for businesses with operations in West Africa. This will be of particular interest to those with employees either travelling to, or living within, West Africa, the area affected by the most catastrophic outbreak of Ebola to date.
Back in 2012, Ross Anderson, then RDR implementation manager for Aviva, stood up at a conference and made some stark forecasts about the shape of the distribution market over the next three years. In a presentation designed to stir up debate, Anderson predicted restricted advice would account for 75 per cent of the market in […]
Labour has failed in a fresh push to ensure everyone buying an annuity must speak to an independent annuity broker. In an amendment to the Pension Schemes Bill, shadow pensions minister Gregg McClymont said no provider should be able to sell an annuity unless there is the express recommendation of an independent broker. Labour first […]
Employers using Now: Pensions for auto-enrolment could be slapped with fines if they use BACS transfers to make pension contributions. Yesterday, Money Marketing revealed how members and employers are due to suffer a Christmas ‘blackout’ as the scheme switches administration providers. As part of its migration to the new admin provider – JLT Employee Benefits […]
Royal Bank of Scotland is facing a record fine from the FCA for an IT failure in 2012 that left customers unable to pay bills or access cash from their accounts. Sky News reports the regulator has told RBS it must pay a fine worth tens of millions of pounds, which would be a record […]
The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath.
Pushing through a half-baked offering without all the data is an unnecessary risk “Green light for dashboards in 2019 puts pension savers in the driving seat.” That was the triumphant headline atop a Department for Work and Pensions press release, confirming the flagship project will go ahead as planned this year. This green light was […]
Personal Finance Society chief executive Keith Richards has said the FCA’s data on defined benefit data is not representative and risks spooking the public and insurers. Last week, the FCA said it would step up its supervision of DB transfer advice as its fresh data showed a significant majority of clients were being told to […]
The government must urgently publish its green paper on social care as 90 per cent of over 65s have no plan for social care funding, the Association of British Insurers says. The ABI argues a massive new campaign is needed to raise awareness of social care funding based on polling research from Populus alongside analysis […]