View more on these topics

Workplace pensions must follow 5% euro rule

Standard Life has warned occupational pension scheme trustees to make sure their plans do not have more than 5 per cent invested in their sponsoring employer.

European regulations res-trict pension scheme investmnent in a sponsoring employer, including collective investments, to a maximum of 5 per cent.

An exception has allowed life companies to have up to 10 per cent invested on a transitional basis but this expires this week on September 23.

Standard Life head of policy John Lawson has urged trustees to check their investments to ensure that they do not breach the newly adjusted rules.

He says: “Trustees will have to look through any occupational scheme’s investments so as to make sure they are not exceeding the 5 per cent rule.

“People were worried that the directive might mean Oeics and unit trusts had to be sold off but these fears were exaggerated.”

Recommended

13

FSA suspended A2O for not acting on a range of failings

The FSA suspended Alpha 2 Omega from all regulated activities after the network repeatedly failed to correct a catalogue of compliance and training failings identified by the regulator. The FSA recently published a second supervisory notice detailing why it suspended the network on January 21, 2010. The network went into administration on January 26 and […]

CPMA will ‘play second fiddle’ to PRA

Regulatory consultant Bovill says the Consumer Protection and Markets Authority may struggle to recruit skilled staff because the Prudential Regulation Authority will be seen as the predominant regulator. In June, the Government set out plans to scrap the FSA and give responsibility for prudential regulation to the PRA and conduct of business regulation to the […]

EU fund prospectus template falls short, says IMA

The Investment Management Association is calling on the European Union to improve its key investor information document template, which will replace simplified Ucits fund prospectuses next year. The IMA says it supports the idea of an EU-wide template but adds authorities should change the documents’ risk ratings, performance history on merged funds and “small-print format”. […]

3

Technical failures delay ifs exams

Advisers due to sit an ifs School of Finance exam yesterday or today have been forced to reschedule following technical failures at the test centres. The ifs says it uses Pearson Vue test centres to deliver its exams electronically, but technical glitches have prevented advisers from sitting their exams. On affected adviser, who does not […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com