w/c 7 November
By Adam Cadle
LV= has announced the launch of its Pension Income Plus Annuity (PIPA). PIPA gives clients the opportunity to have a high level of initial income, with the protection of a minimum income guarantee. Clients can select an assumed investment return (AIR) of between 0-4% at the outset which determines their starting income and, along with investment returns, how their income will vary each year.
Selectapension has launched an online market intelligence (MI) tool giving pension providers access to graphical reports of simulations run on the system which involve their products and also gauges market sentiment towards their own retirement products. Providers have access to their top 10 funds and providers are able to ensure that their products are continuing to meet adviser demand.
The Pensions Quality Mark (PQM) has been awarded to Oracle, a business software and hardware systems company, for its new group personal pension. Oracle pays a matched 6% contribution and gives back 50% of the employer NI savings it makes through salary sacrifice into the employees’ pension plan for any contributions over 6%.
Atkin & Co, a pension scheme administrator and actuarial consultant, have opened a new office in London. In the last year, the number of clients have risen by almost 20% taking the total number to over 90.
