Women risk pension shortfall with career breaks, research shows 22/05/2013
New research from Duncan Lawrie Private bank has found that women on average earnings who take career breaks could be damaging their pension to the sum of £4,680 a year, by not continuing to contribute to a retirement fund during their time away from work.
Scottish Widows fails in attempt to reclaim £100,000 from disabled child 16/05/2013
Scottish Widows has been told it cannot reclaim £97,626.39 it mistakenly paid to the mother of a disabled child. The money came from a pension pot divided between Natalie McNicholas and her husband as part of the settlement when they divorced in 2010. The Pensions Ombudsman has ruled that Mrs McNicholas does not have to repay the money because the overpayment arose from “maladministration” by Scottish Widows.
Research shows Britons failing to keep track of pensions 24/04/2013
Over half of people who have contributed to a private pension have either never reviewed their plan (38 percent) or have not done so in the last three years (14 percent) according to new research from Duncan Lawrie Private Bank.
FCA bans and censures managing director of SIPP operator 19/04/2013
The Financial Conduct Authority (FCA) has banned Kevin Wells, the managing director of Montpelier Pension Administration Services Limited (MPAS), from performing any significant influence function at any regulated firm, and also censured him.
Lost pensions to increase - Age UK research 15/04/2013
New research for UK charity Age UK shows 23 percent of adults have lost track of at least 1 pension, creating confusion and uncertainty over retirement saving plans.
Fall in profits and revenues for IFG Group 27/03/2013
IFG group has reported reduced profits and revenues in 2012 as it looks to reinvest cash from its international business.
Dentons acquires RSM Tenon's Sipp arm 27/03/2013
Specialist pensions company Dentons has announced the acquisition of troubled accountancy firm’s RSM Tenon's bespoke SIPP arm, Tenon Pension Trustees Limited, for an undisclosed sum.
Research shows UK women still retiring on less money than men 27/03/2013
Women retiring this year expect their annual retirement incomes to be more than a third (36 percent) lower than men’s - a pension gender gap of £6,500 - according to new research from Prudential.
OECD suggests scrapping pension tax incentives for high earners in favour of incentives for lower earners 06/03/2013
The OECD has this week (05/03/2013) released a report on defined contribution (DC) pension schemes that has summarised the challenges that policymakers face and recommends key improvements that can help to ensure DC delivers the incomes individuals need.
New expatriate pension scheme reinforces ties between UAE and Jersey 06/02/2013
NBAD Trust Company (Jersey) Limited, the wholly owned subsidiary of the National Bank of Abu Dhabi PJSC (NBAD), today (06/02/2013) launched its Wealth Builder Plan, the first ever pension scheme for expatriates by a UAE bank.