November
2004
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Standard
Life cuts jobs and commissions
Standard Life has announced more than 100 job cuts across
the country following an internal restructure for which it has
blamed “developments in the UK financial market, particularly
in terms of distribution of products” |
30/11/04 |
A-day
solutions series launched
Actuarial consultancy Punter Southall, in conjunction with
its sister companies PSFM, PSolve and HIM, plans to launch a
series of “solutions” for A-day |
29/11/04 |
Pensions
Act still has some way to go
After months of waiting and thousands of hours of debate,
the Pensions Bill has become the Pensions Act, gaining Royal
assent last month. However, there are still – to quote
the poetry of Donald Rumsfeld – a variety of known unknowns
yet to deal with |
29/11/04 |
Fidelity
adds group stakeholder to offerings
A group stakeholder product has been added to Fidelity Investments’
existing range of defined contribution (DC) offerings |
29/11/04 |
Shariah
fund made available to DC members
Friends Provident has linked up with HSBC to make the bank’s
Shariah fund available to its defined contribution (DC) scheme
members |
26/11/04 |
New
institutional property fund launched
An institutional property fund has been launched by Morley
Fund Management, and has already proved popular with long-term
investors |
25/11/04 |
Research
highlights importance of communication
New research from Aon Consulting has laid bare the importance
of effective communication when explaining benefits to employees
|
24/11/04 |
Companies
not prepared for simplification
Though time marches on towards 6 April 2006, 80% of businesses
responding to a recent survey from Hewitt Associates have said
they are not prepared for simplification |
17/11/04 |
Young
workers not saving for retirement
Confirming the validity of one side of the quadrangle solution
to the ‘pensions crisis’ raised by the Pensions
Commission interim report last month, new research from Aon
has found that more than half of Britain’s young workers
are not saving for retirement |
17/11/04 |
Online
learning for lacking programmes
A number of flexible online learning facilities have been
developed in response to research from the DfES, which found
financial services training programmes to be lacking |
16/11/04 |
Plans
to make PPF retrospective cause upset
Plans to make the Pension Protection Fund (PPF) retrospective,
which fly in the face of previous announcements, have raised
concerns among pension experts who are worried about the cost
implications of such a decision |
10/11/04 |
Mandate
roundup
A review of recent investment, administration and technology
outsourcing mandates |
10/11/04 |
Pension
Credit report reveals take-up problem
The Department for Work and Pensions has again praised the
success of Pension Credit while the opposition says take-up
is at an all time low |
09/11/04 |
Clerical
Medical launches fund of funds
Clerical Medical has launched its first fund of funds facility
through Insight Investment |
08/11/04 |
Deficits
expected to turn by year’s end
FTSE 100 overall pension deficits have continued to rise
despite recent equity market improvements, but things should
improve by year’s-end, according to Aon Consulting
|
08/11/04 |
Gissings
amalgamates insurance and flex business
Consultancy Gissings has drawn together its healthcare,
risk and flexible benefits businesses under a single operating
entity, ‘Gissings Advisory Services Ltd’ (GASL)
|
08/11/04 |
Retirement
age should be 65, say manufacturers
Most British manufacturers would like to see a retirement
age of 65 set by the government when it introduces age discrimination
legislation in 2006, according to a survey by manufacturers'
organisation EEF and Aon Consulting |
06/11/04 |
Consumers
can be manipulated for their own good
Product providers and financial advisers can “push
people into maximising their welfare”, according to a
new study from the Actuarial Profession |
05/11/04 |
Cross-border
pension pooling made possible
A groundbreaking pension pooling vehicle from Deloitte could
provide significant cost savings for multinational companies
running numerous pension schemes |
01/11/04 |
