
Concessions extended to in-specie transfers
Story by: Sharon Flaherty, FTAdviser
Living Time’s Offer More Options campaign has come on leaps and bounds in the last few months with a 1000 IFAs backing it.
The Treasury has been slammed for failing to allow the industry time to consult on its Budget proposals, which will essentially see self-employed higher rate taxpayers hit by anti-forestalling measures, that are now set to go ahead despite huge opposition.
Prudential has just announced Rob Devey will succeed Nick Prettejohn as chief executive of Prudential UK and Europe and to the board of the provider.
A new Sipp and Ssas provider promises to take on more established rivals by offering full investment flexibility at one of the lowest prices in the market.
Legal & General has extended its 'annuity solutions' service to offer enhanced annuities direct to consumers.
New imaginative pension policies need to be designed to sit in between defined benefit (DB) and defined contribution (DC) arrangements, in order to re-invigorate and promote quality pension provision across the private sector.
The number of pension complaints made to the Pensions Advisory Service (TPAS) increased by 10 per cent over the last year, largely due to poor administration by providers.
Capita Self Invested (Personal) Pensions (CSIPS) has announced that 520 staff are at risk of redundancy, with a consultation due to take place on 15 July.
The deficit of the 200 largest private final salary pension schemes increased by 80 per cent during June, rising from £40bn to £73bn, to hit the highest level in three years.
The demise of final salary pensions is saving employers up to £4.53bn in contributions, but millions of employees are losing out significantly by being withdrawn from the schemes.
Advertising
Location: Nationwide
Salary: £70,000 +++
Location: (CITY AND HOME COUNTIES)
Salary: Employed or Self Employed
Location: Northampton
Salary: £40,000 significant OTE plus car allowance and benefits