Story by: Pam Atherton, Financial Adviser
Women are failing to plan for their financial futures and should undergo a financial makeover, according to Defaqto.
Friends Provident has called for an immediate review of stakeholder regulations to ensure a level playing field for providers by allowing them to adopt similar charging structures to National Employment Savings Trust (Nest).
The government has announced the annual management charge for the national employment savings trust, formerly personal accounts, is expected to be 0.3 per cent in the longer term.
Personal Accounts Delivery Authority (Pada) said it has held talks with a number of leading fund administration companies to administer the National Employment Savings Trust (Nest) scheme's assets.
The Conservatives have slammed Labour for awarding the National Employment Savings Trust (Nest) administration contract to Tata Consultancy Services just weeks before an election accusing them of implementing a "scorched earth policy".
The Conservatives voted against the automatic enrolment regulations yesterday (3 March), in what the Labour party branded "a shocking attack on pension provision".
The contract for the administration of the National Employment Savings Trust (Nest) scheme awarded to Tata Consultancy Services is valued at £600m.
The Personal Accounts Delivery Authority (Pada) has named Tata Consultancy Services as the administrator for the National Employment Savings Trust (Nest).
The Insolvency Service will launch a consultation next month on whether to reform rules that currently stop people in the UK obtaining a debt relief order if they have more than £300 in a pension pot.
The government's announcement on charging structures in the new National Employment Savings Trust (Nest) means early birds will not catch the worm… they will meet the set-up costs and people enrolled in future will only have to pay for ongoing running costs.
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