Friends Provident says the Budget change that reclassifies new protection business and removes it from the longer ’I minus E’ tax structure has levelled the playing field in the market.Friends said the...
Just as the pensions industry thought a semblance of predictability had been brought to the tax incentives of saving for retirement, the issue has blown up yet again.Many experts had predicted that...
The firm says it has created Lift-Advice to operate in the restricted advice space to meet the differing consumer advice and service needs post-RDR. Lift-Financial joint CEO Michael Holden says: “We are...
But the long timescale envisaged for the introduction of the change means existing salary sacrifice implementations need not be put on hold.Chancellor George Osborne announced in the Budget a plan to merge...
The effect of Chancellor George Osborne’s Budget indication that contracting out for defined benefit schemes is to come to an end is dividing opinion amongst pension experts.Towers Watson says the move will...
The group, set up by the FSA and overseen by the Society of Pension Consultants, has identified four key principles for consultancy charges - simplicity, transparency, value and flexibility/adaptability. It says initial...
Gilts are deemed to be the safe haven of choice for pension funds but the past three years have proved that, like other assets, they are not immune to shocks.Some pension scheme...
“Companies are rehiring and sending more people on overseas assignments,” says Paul Weigall, head of sales and marketing at Interglobal. “In the second half of 2010 confidence returned to the market. This...
The directive states that it is only to relate to insurance and pensions that are ’private, voluntary and separate from the employment relationship’, which, says Skandia, means all group schemes, and not...
Pensions minister Steve Webb is understood to have finalised the details of the policy, which is designed to remove the risk of legal action against the government in the event that people...
