FSCS to reduce adviser levy
The Financial Services Compensation Scheme will significantly reduce the levy it charges on the advisory sector, due to the falling number of claims against failed firms. The forecast for next year has...
Pensions
Hymans launches DB endgame guide for corporates
Hymans Robertson has launched a new guide for DB sponsors, designed to stop them ‘sleep-walking’ into a scheme buy out. The interactive guide aims to help corporates understand more about the endgame...
CDC could become default retirement option: Aon
Collective DC (CDC) may become default option at retirement according to a new report for Aon, which predicts these schemes will ‘transform’ the retirement landscape. The investment consultant says that CDC decumulation-only...
Standard Life appoints Equiniti to support growth in bulk annuity business
Standard Life has appointed DB pension administrator Equiniti to help its grow its bulk purchase annuity (BPA) business. Equiniti will provide full administration of both buy-in and buy-out BPA policies, designed to...
Ex-trustee enters a not guilty plea to allegations of illegal pension investments
A former pension trustee entered a not-guilty plea in a case brought by The Pensions Regulator regarding allegations of making illegal investments on six counts. At Preston Crown Court yesterday, former Worthington...
Inflation/wages growth gap revealed by ONS
Over the two time periods of January through March 2022 and April through June 2022, the growth of regular salaries lagged behind rising inflation, according to figures from the Office of National...
Gus O’Donnell commission calls on FCA to boost philanthropy
The Financial Conduct Authority (FCA) should make philanthropy advice training mandatory for financial advisers and introduce regulations to ensure it is discussed with clients says Law Family Commission on Civil Society, led...
Over 30 million working days lost to ill health – ONS
Nearly 30.8 million working days were lost in 2021/22 and over 1.8 million work-related ill health cases were reported in the same period, according to new data from the Office of National...
Savers lose £1.7bn on retirement transition – research
Members of workplace pension schemes lose about £1.7bn a year as they approach and enter retirement because savers choose expensive access points to their funds, according to new research from HSBC Tomorrow...
Patrick Heath-Lay: A new name, a new planner and some concerns over the dashboard rollout
What does the change of name to People’s Partnership mean for scheme members? At the moment we are focused on pension how we help members of The People’s Pension to and through...
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HL to appoint new head of workplace as Lefley steps down from role
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Millions of midlife workers falling short on retirement savings
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Spire launches workplace health solution
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Lords strips mandation from Pension Schemes Bill
