New chair of Grid named
Group Risk Development (Grid), the industry body for the workplace protection sector, has named Paul White, head of technical for Howden Employee Benefits & Wellbeing as its new chair. White takes up...
News
Pension Scheme Bill passed but ‘won’t be fully effective till 2022’
The Pension Schemes Bill passed through Parliament today but may not come fully into effect until well into 2022, say industry experts. The final Parliamentary stage of the Pension Schemes Bill was...
FCA targets 254 firms over British Steel DB transfers
The FCA will review the advice of 254 firms that gave advice to British Steel pension scheme members, as it reveals figures showing a declining number of transfers taking place and fewer...
1pc of DB transfers go to workplace pensions – DB advisers halved
Just 1 per cent of DB transfers end up being moved to workplace pensions, despite the FCA now requiring advisers to benchmark funds’ proposed destination against a low-cost workplace pension option. The...
‘World first’ net zero pension launched by Cushon
Cushon has launched what it describes as the world’s first net zero pension, using carbon offsetting to offset what it calculates are 23 tonnes a year of CO2 generated by the typical...
Colin Williams leaves Aviva for Phoenix
Colin Williams is leaving his role as Aviva’s MD of workplace savings & retirement and financial advice to join Phoenix in a move that sees him reunited with former Aviva colleagues Andy...
Aon partners with Moneyhub for financial wellbeing app
Aon is collaborating with Moneyhub for the development of its financial wellbeing app ‘Well One Money’ that claims to save employees an average of £850 a year. Aon is using Moneyhub’s Open...
‘Disappointment’ at TPR’s DB funding code response
The industry has responded with ‘disappointment’ at The Pensions Regulator’s (TPR) an interim response to its first defined benefit (DB) funding code consultation, which one consultant says is ‘light on detail’. The response...
Investment pathways in focus
The UK’s Financial Conduct Authority has introduced four different ‘investment pathways’ for individuals approaching retirement who have not taken financial advice. Applicable pension providers must offer these pathways to customers from February...
Employees now more engaged, not less say employers – Howden research
Employers think employees are more engaged with their organisation than before the Covid-19 pandemic, according to a recent survey undertaken by Howden Employee Benefits & Wellbeing. The research found more than 52...
