The Select Committee says it is concerned at the inconsistent regulation across workplace pension schemes with several bodies with responsibility for regulating contract-based pension schemes. The report says: “Financial services regulation changed...
The CBI, NAPF, Labour Party and several pensions consultants have attacked the Government’s ‘pot follows member’ plan, accusing it of risking transferring pots to poorer value schemes, increase costs, introduce a short-termist...
The effects of the the introduction of auto-enrolment are still to have an impact on the market. The total cover provided by employer sponsored death benefits arrangements topped £1 billion in 2012...
Rule 6.1C.20(2) of the FSA’s Conduct of Business Sourcebook states that firms must not make a consultancy charge for the cost of preparing or giving advice to an employee who chooses...
The tool draws on Aviva’s online Auto-enrolment Manager for Employers (AME) hub-based solution, which has the flexibility to operate across multiple providers’ pension schemes and manages employee enrolments, contribution levels, opt...
The partnership means JLT Employee Benefits will offer Vielife’s online health and wellbeing solution through its BenPal online benefits management system, BenPal. JLT says companies currently using BenPal who embark on health...
Nest says Budgen’s role will involve helping professional intermediaries understand its proposition. At HSBC Workplace Retirement Services he was responsible for delivery of the HSBC DC proposition into the corporate IFA and...
Source Pensions, which describes itself as the only provider that unbundles administration and investment of pension schemes, launched in the UK in 2011 and now has 48 schemes transforming to its platform....
Bungling political amateurs who mean well, but are ridiculously out of their depth, are familiar figures of fiction and fun from PG Wodehouse’s Aubrey Upjohn, MP for Market Snodsbury, to Jim...
Ian McKenna I recently heard a great analogy for auto-enrolment at one of our workplace forums. One adviser described it as like having your first child - you spend nine months getting...
