Automatic enrolment on its own is not enough
We support the principle of automatic enrolment. However, it won’t be enough on its own to guarantee the success of the pension reform policy. Automatic enrolment relies on apathy whereas those who...
Pensions
Business protection – Money is not the only answer
The financial implications of losing a key person from a business can be disastrous, and the protection industry is well adapted to inject the necessary cash when it is needed. However, there...
Fee based schemes tick all the boxes
Very few employers would argue they need specialist independent advice to guide them in establishing and managing their work-based pension scheme.But when it comes to paying for advice the market is polarised....
DWP u-turn on personal accounts exemption threatens existing schemes says Standard
Standard says the DWP has abandoned discussions with a cross-industry group aimed at developing an acceptable quality test for existing pension schemes. It fears this could have a detrimental impact on existing...
MetLife targets bulk annuity sector with new head for its UK buyout business
The insurer, which is the largest life office in the US, says growing similarities between the UK and US markets make it ideally placed to grow its business on this side of...
New online tools for Friends group pension members
The service, part of the insurer’s Membersite online system is called e//finance, and consists of two features, Financial Toolbox and Financial Portfolio.Financial Toolbox allows members to view a snapshot of their financial...
Origen leads TVAS consortium
The adviser group, led by Origen, wants to be able to offer a consistent advice service for scheme members looking to take transfers out of final salary schemes.Origen has discussed the plan...
Pada finds no consensus on charging structure
Pada says the majority of respondents were in favour of either an annual management charge (AMC)-only structure or a contribution charge with an AMC.Pada intends to provide advice to the Secretary of...
Adviser blasts Widows for retro commission clawback changes
David Taylor, head of corporate benefits at Morgans says he welcomes providers' attempts to restructure their commission offerings going forward, but attacks Widows for moving the goalposts on plans already put in...
DWP backtracks on qualifying earnings
The Department for Work and Pensions says employers will be able to keep their own contribution bases where they contribute an equivalent or greater sum into a workplace pension than personal accounts.Under...
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