Acquisitive Broadstone buys Blythwood
The acquisition follows the acquisition of Pope Anderson LLP and the UBS Corporate Pensions businesses, both in the last 12 months. The deal, which is subject to FCA approval, will mean the...
Pensions
Car crash victim flexed death-in-service for extra holiday
The man traded cover equivalent to four times salary for three extra days holiday. He died eight months after the new scheme was introduced. Aspira managing director Derek Miles, who came across...
Consumer Panel calls for national annuity brokerage service
The FSCP wants a default annuities service to have a public service obligation similar to Nest’s, requiring it to accept all annuitants, irrespective of their pot size and financial capability. Employers and...
L&G enrols 500,000th employee
As a result the influx of new schemes has driven AUA on the Legal & General WorkSave platform to £7.9bn at the end of Q3 2013, up 49 per cent on the...
Default strategies becoming more diverse
The research, which looks at both lifestyle funds and target date funds, highlights glide paths for default funds are utilising longer, shallower glide paths, with increased equity holdings at retirement becoming increasingly...
AS – Axa PPP sees product opportunity in occ health tax break
The provider says the extension, for which it and the ABI lobbied, could drive product development towards structures that would allow employees to still enjoy the benefit-in-kind tax exemption. The Autumn Statement...
AS – £500 occ health tax break extended to private providers
The tax break of £500 that was to have been given to employers using the new Health and Work Service will be extended to those recommended by employer-arranged occupational health services, the...
AS – £500bn saving from state pension increases
The Chancellor says this, along with action this government has already taken on the state pension age, could save around £500 billion from pension expenditure over the next 50 years. The Government...
AS – Formula for ‘third of life’ state pension increases published
The formula Proportion of adult life spent in receipt of State Pension = (Life expectancy at SPa) / (Life expectancy at SPa + SPa – adult life starting age) The Department for...
‘Inevitable’ state pension age increase to 70
Osborne is believed to be planning to increase SPA to rise to 70 for people in their twenties, with a rise to 69 in the late 2040s. JLT Employee Benefits chief executive...
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Majority of DB schemes to share surplus funds with employers only
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John Greenwood: Who’s still targeting annuity purchase?
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Aegon’s Robinson joins Gallagher as head of DC investment
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HMRC begins payouts to low earners impacted by pension discrepancy
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Sacker & Partners claims ‘practical questions’ remain over DB surplus
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Aptia appoints new head of pension risk transfer
