INCLUDING: UK - House of Commons tender; UK - Enhanced ETFs launched; UK - LCP appointments
UK - House of Commons tender;
The House of Commons has issued a tender for third party administration services to the trustees of the Parliamentary Contributory Pension Fund (PCPF).
The contract shall be for a period of nine years with three yearly reviews and it will begin on 1 April 2008.
UK - Enhanced ETFs launched
SPA ETF Plc (Spa), a specialist provider of Exchange Traded Funds (ETFs), has listed its initial US equities-focused ETFs on the London Stock Exchange (LSE), becoming the first provider of enhanced ETFs on the exchange.
Spa's ETFs are based on fundamentally driven indices created by US research company MarketGrader's quant-based system.
UK – LCP appointments
UK - Lane Clark & Peacock LLP (LCP) has made two appointments in its corporate consulting and employee benefits practices.
Glyn Fullelove has joined LCP as a senior consultant within its corporate consulting practice.
Meanwhile, Mark Smith has joined the employee benefits consulting team with particular responsibility for developing LCP's communication capabilities.
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.