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.
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]
Pension savers in ill-health are at a greater risk of being hit with a 40 per cent inheritance tax bill after a Court of Appeal ruling in favour of HM Revenue & Customs, experts have argued. Currently anyone who is in ill-health, transfers their pension and then subsequently dies within two years could see their […]