P-Solve to rebrand as R&M
River and Mercantile Group says the alignment of a consistent brand across the group - which includes River and Mercantile Asset Management and River and Mercantile Derivatives - reflects the increasing degree...
DB
Stewart Bevan: How a summer placement working on transparency costs turned into a career
Stewart Bevan is head of pension product development at Simplitium, a transparency services provider. A teenage summer intern project with now-FCA Institutional Disclosure Working Group chair Dr Chris Sier gave him his...
Mercer announces new head of investment consulting
Based in Mercer’s Liverpool office, Holden will join the UK DB leadership team, working alongside Mercer’s Chief Actuarial Officer, Jenny Condron. Holden joined Mercer in Liverpool in 2002 from PwC’s actuarial team. In 2010, she...
Xafinity PS calls for separation of fiduciary and investment consultancy
The consultancy highlights the CMA's finding that 88 per cent of the FM market is dominated by organisations combining investment consultancy and fiduciary management, with clients not always getting the best...
How British Steel led the FCA to the verge of a contingency charging ban
The well-publicised problems with advice on transfers from the British Steel Pension Scheme (BSPS) has ben arguably the most high-profile test to date of the pension freedom and choice policy. While sponsor...
Work and Pensions Committee calls for capped default drawdown, Nest retirement products and single dashboard
The Work and Pensions Committee has today published a report calling for all pension providers to offer a single default drawdown option and all schemes, including DB, to be required to give...
FCA consults on contingent charging ban and raises bar on DB transfer adviser qualifications
Publishing new rules on pension transfer advice, the FCA has launched a consultation seeking views on additional changes, including adviser charging structures. In June 2017, the FCA proposed changes to the rules...
Single year’s dividend could clear deficit for 42 FTSE 100 companies
The firm’s latest quarterly report shows that 42 companies could have settled their pension deficits in full by making a payment of up to one year’s dividend. The ratio of total dividends...
CMA: No evidence of outperformance by investment consultants
A paper published by the CMA as part of its investigation into the investment consultancy sector found that the gross product return of products that were ‘buy-rated’ by investment consultants is 0.23...
FSCS awareness changes behaviour major research project shows
Controlled research of over 2,000 people carried out by Oxera and the Centre for Experimental Social Sciences (CESS), found a clear correlation between the choices people make and their knowledge of the...
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Pension contributions influence retention but fall short of employee expectations: Penfold
