August
2004
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Public
not so certain about compulsion
The public loses interest in compulsory pension contributions
once they realise the potential effect on their salary or wages,
according to new research from the Association of British Insurers
|
31/08/04 |
Standard
Life re-enters Sec 32 Buyout market
Standard Life has launched a new Section 32 Buy-out policy
aimed at deferred members of money purchase occupational pension
schemes and existing Section 32 Buy-out policyholders |
27/08/04 |
Government
aims to boost financial service skills
A new government-funded organisation is being set up to
help ensure an appropriately well-qualified and trained workforce
for the financial services sector |
27/08/04 |
Winterthur
increases MM offering
Three new Credit Suisse Asset Management (CSAM) multi-manager
funds have been added to Winterthur Life's Tailored Selection
range of investment funds |
25/08/04 |
Clerical
Medical launches drawdown tool
Clerical Medical has launched an updated version of its
income drawdown proposition aimed at financial advisers and
their clients |
24/08/04 |
DC
schemes failing to offer ill health-income protection
Less than 50% of DC schemes offer income protection for
employees who retire early due to ill health, according to a
survey involving over 1,800 UK pension schemes |
24/08/04 |
Schemes
warned of unexpected cost increases
Employers and trustees could face increased scheme liabilities
or unexpected tax bills if they are not fully prepared for the
arrival of the 2006 Finance Act, consultancy firm Hewitt Bacon
& Woodrow has warned |
23/08/04 |
JLT
on the move
The Jardine Lloyd Thompson Group (JLT) has acquired the
principal assets of Profund Systems through a newly established
subsidiary, Profund Solutions Limited |
23/08/04 |
Oil
affecting bond predictability
The current strength of oil is making the future of bond
returns hard to predict, according to AXA Investment Manager's
head of fixed income, Denis Gould |
23/08/04 |
Gartmore
re-signs with Marlborough Stirling
Gartmore Investment Management has signed a new two year
contract with Marlborough Stirling regarding the outsourcing
of its pension administration |
20/08/04 |
New
exchange offering for ex-pats
Foreign exchange specialist Currency UK has launched a facility
to transfer regular sterling payments, such as pensions and
mortgages, to foreign currency accounts |
19/08/04 |
Sandler
suite won't plug the gap
The Sandler suite of simplified pensions and investment
products will fail to plug the alleged £27 billion savings
gap, according to market analyst Datamonitor |
18/08/04 |
FDs
fail to tackle pension risk
Companies are failing to adequately tackle the risks associated
with their pension schemes, according to a recent survey carried
out by professional services firm Deloitte and Financial Director
magazine |
17/08/04 |
LIA
and SOFA propose board
The planned merger between the Life Insurance Association
(LIA) and the Society of Financial Advisers (SOFA) has entered
a new stage of development with the announcement of the proposed
merged company board |
16/08/04 |
New
pensions website launched
A new website has been launched aimed at providing relevant
information and support to IFAs on matters relating to the SIPP
and SSAS market as well as more general pension issues |
16/08/04 |
State
Street appointed by Warwickshire
Warwickshire County Council has appointed State Street Global
Advisers (SSgA) to run a £105m active UK equity mandate
|
16/08/04 |
Amex
enhances wrap with SIPP
A new Self Invested Personal Pension (SIPP) has been launched
by American Express Financial Services Europe Limited as part
of its wrap account offering for financial advisers, launched
earlier this year |
13/08/04 |
Companies
say keep retirement age at 65
Though the CBI may be in favour of raising the retirement
age from 65 to 70 by 2030, business information and advice company
Croner says a majority of firms disagree |
13/08/04 |
Public
sector pension liabilities nearing £600 billion
Unfunded public sector pension liabilities stand at approximately
£580 billion, according to calculations from consultants
Watson Wyatt |
10/08/04 |
Punter
Southall boosts offerings
Consulting actuaries Punter Southall & Co has opened
a pensions consultancy office in Glasgow |
10/08/04 |
