GIP incentives consultation – what providers want
It is not every day that the Government tells the group risk industry that it likes what it does. Nor does it often ask how it can change things so more products...
Pensions
IFS – AE doubles membership of non-eligible employees – but millions paying in less than 2pc
Automatic enrolment has more than doubled membership of workplace pensions among those not directly targeted by the policy and achieved take-up by 88 per cent of those who are, according to research...
Cridland cool on different SPAs or early access
Early access to state pension or a state pension that varied based on socio-economic group would have negative consequences for society, John Cridland has warned. Speaking at Aviva’s auto-enrolment pre-review, independent state...
Gender pension savings gap widening
Half of women are saving adequately for their retirement, but the gender gap is widening as vulnerable self-employed and divorced women fall behind, according to research from Scottish Widows. The research found...
FCA spells out Lisa's five risks to consumers
The Lisa’s early withdrawal charge and its combination of elements of a short-to-medium-term deposit based savings product with a long-term retail investment product create risks to consumer protection, the FCA has said...
Trump’s election 'reduces Brexit damage to DB schemes'
The election of Donald Trump as President of the United States has boosted defined benefit funding levels by £35bn, offsetting some of the negative impact on deficits caused by Brexit, research from...
Increase AE contributions to 12.5 pc says Aviva
Auto- enrolment pension contributions should rise to 12.5 per cent and tax relief should be replaced with a two-for-one ‘savers bonus, says Aviva. Publishing its own auto-enrolment ‘pre-review’ report, ahead of the...
FCA publishes pension exit charge rules
Early exit charges will be capped at 1 per cent of the value of existing contract-based personal pensions, including workplace personal pensions, and new contracts cannot have any exit charge at all,...
Friends Life brand to go in 2017
The Friends Life brand will be dropped next year, two years after the provider was merged into Aviva. Aviva UK & Ireland Life CEO Andy Briggs says the Friends brand has been...
Webb joins attack on 'risky' Lifetime Isa
People should not be encouraged to take out the new Lifetime Isa if they have not already taken full advantage of matching workplace pension contributions, former pension minister Steve Webb has warned....
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