Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.
Around 400 employers representing 200,000 members using Now: Pensions will be locked out of the auto-enrolment scheme’s systems for at least a month this Christmas while it switches administration providers. Earlier this year, the provider announced it would be replacing Equiniti Paymaster with JLT Employee Benefits for admin services. During the ‘blackout period’ between 19 […]
Claims management firm EMCAS has been fined £70,000 by the Information Commissioner’s Office after hundreds of consumers complained about unsolicited marketing calls. The ICO says there were “serious” breaches of the privacy and electronic communications regulations, including repeated invasions of privacy and distress for consumers. EMCAS failed to ensure that third party introducers calling on […]
The Income Protection Task Force’s Seven Families campaign has launched today. Aimed at increasing awareness of the financial impact of long-term ill health or disability, the campaign is backed by some of the UK’s largest insurers and reinsurers. It will provide financial support for one year to families where the breadwinner is currently unable to […]
A former trader at Moore Capital Management has today pleaded guilty to insider dealing in a case brought by the FCA. Former senior execution trader Julian Rifat pleaded guilty to an indictment reflecting eight instances of insider dealing, which generated profits worth £250,000. Rifat is the third individual to plead guilty to insider dealing offences […]
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]