The biggest stories on PP this week include an ombudsman ruling in favour of Standard Life and a PP survey revealing the industry does not think climate change is a financially material risk.
The Pension Ombudsman (PO) has cleared Standard Life of misleading a customer about the value of his retirement pot, after he accidentally exceeded his lifetime allowance.
Lack of consistency across defined contribution (DC) default funds may result in larger numbers of members opting out, Punter Southall Aspire has warned.
Failure to find an agreed definition of the ‘value for money’concept means trustees and providers are unable to provide schemes in the best interests of all members, according to the Pensions Policy Institute (PPI).
Standard Life has acquired platform Axa Elevate while Axa UK confirmed plans to sell off its Wealth business.
Peter Kane has been appointed as principal in Mercer’s Glasgow office to help grow its business in Scotland and Northern Ireland.
PP takes a look at the first IGC reports to see how the
Standard Life has confirmed it is in early discussions with a number of payroll providers to improve its auto-enrolment (AE) proposition for members and employers.
Early exit charges for members wanting to access their pot at age 55 will be capped at 5% according to Standard Life.
Action must be taken to tackle the increasingly large gap in performance of auto-enrolment (AE) providers, according to a report by ShareAction.
Auto-enrolment (AE) would not be undermined if the Chancellor introduces a flat rate tax incentive in next month’s Budget, according to Standard Life’s Jamie Jenkins.
The People’s Pensions has come out top for service according to research into auto-enrolment providers carried out by Pensions PlayPen.
Royal London and Johnson Fleming are among providers which have come top in the auto-enrolment (AE) rankings for 2015 produced by the Finance & Technology Research Centre (F&TRC).
Mike Webb has been hired as an associate by City Noble to develop the firm’s defined contribution (DC) advisory offering.
The Tax Incentivised Savings Association (TISA) has appointed Baroness Jeannie Drake to advise its board of directors.
Jamie Jenkins has been appointed chair of the Tax Incentivised Saving Association’s (TISA) retirement policy council.
Towers Watson has appointed Stuart Reid as business development and sales lead for its master trust, LifeSight.
Top stories online this week include the fallout from'Black Monday', and PP's investment awards.
Former Standard Life head of workplace proposition Ann Flynn has joined Towers Watson as a senior consultant.
Standard Life’s profits have fallen 15% in H1 2015 as it suffered a 66% reduction in annuity sales from last June as a result of the pension freedoms.
Industry figures have established a group to help trustees understand their responsibilities towards the security of member assets in defined contribution (DC) schemes.
The pensions industry is overpopulated with acronyms and many in the sector would be relieved if there were fewer of them. But IGC – the independent governance committee – are three letters that cannot be ignored.
Standard Life has appointed a board to serve on its master trust with PTL managing director Richard Butcher serving as chairman.
Standard Life has launched a marketing consultancy to help clients increase employee engagement with pensions.