Scottish Widows has submitted its application for registration as a stakeholder pension scheme with the Pensions Scheme Office. It has also submitted an application for provider status to the FSA.
Nationwide is promoting its online banking service by offering members discounts on home PCs.Members can get 7 per cent off the price of a new PC from Dan Technology. If they buy the computer with a Nationwide credit card, they can also get six months' interest-free credit. There is a further £20.64 discount on Dan's […]
Shares in software firm Autonomy began trading this week on the London Stock Exchange at £32.76. The shares climbed to £34.90 valuing the company at over £4bn which could be enough to enter the FTSE 100 index if this level is sustained until the next adjustment is due in early December. Autonomy provides the software […]
Standard Life is axing conventional clawback under its new mono-charging group personal pension contract.IFAs believe the move will be copied by other providers in the fight for the IFA channel.Under Standard's recently announced single-charging structure, IFAs will only be stung by clawback of commission if the entire fund is transferred within the first three years.Traditionally, […]
Amvescap, the US fund manager and owner of Invesco, has bought Perpetual for £1.05bn after almost six months of stop-start talks.The acquisition has had mixed reactions from IFAs, with some concerned that the deal will lead to an exodus of senior fund managers.The two companies have similar funds in 14 sectors, opening the door for […]
The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology