Grant Stobart: On the acquisition trail Q&A
2019 has been a very busy year for Broadstone, with four acquisitions so far. Will we see as many deals next year? It is a bit like London buses. We didn’t expect...
Pensions
Louise Farrand: Why evolution in at-retirement products is better than revolution
The pensions industry has been much criticised for failing to innovate in the wake of freedom and choice. However, in some circumstances, evolution can be better than revolution. Today’s retirees have wealth...
Wells Fargo appointed by Nest for global bonds
Wells Fargo Asset Management (WFAM) is stepping up its activities in the UK DC market and has today been appointed manage a segregated, global corporate bond mandate for Nest. WFAM won a...
Smart Pension partners with Link Group
Fintech company and Master Trust provider Smart Pension has formed a strategic partnership with Link Group, a leading administrator in the Australian superannuation industry. As part of this deal Link will take...
Pension providers failing to provide “ethical” default options
Product providers need to address growing demand for more socially responsible investment (SRI) options within workplace pensions. Corporate adviser Chase de Vere says there is demand from both employers and employees for...
Almost 40pc of lower-earning women opt out of workplace pensions
Over the past 15 years, UK savers have become more prepared for their retirement, but there are still significant gender gaps according to new research. Scottish Widows found that more than one...
Standard Life looks to grow workplace business with new tech partnership
Phoenix Group is extending its strategic partnership with technology provider TCS to help grow the company’s workplace business. This extended partnership will now provide services for Standard Life Assurance, which Phoenix acquired...
Master trusts cut costs in bid to meet growth targets
Pension schemes could make cost savings of up to 20 per cent by switching to a master trust, according to new actuarial research. Analysis by Hymans Robertson showed that savings could be...
Charity boss guilty of stealing £250,000 from pension fund
The former head of a charity for the disabled has admitted defrauding the charity’s pension scheme out of more than £250,000. Patrick McLarry, 71, has pleaded guilty to fraud at Salisbury Crown...
Poorest pensioners get least from State
Advisory firm HUB Financial Solutions found retired households with the lowest income received the lowest level of benefits, raising concerns that many cash-strapped pensioners may not be checking their entitlements to additional...
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