- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Q4 Pensions Action Plan - Osborne Clarke

This summarises recent and forthcoming pension changes, which trustees need to respond to now or in the coming year. It also sets out our views on the actions that trustees need to take.

Round-up of pensions developments - Herbert Smith Freehills

As is customary, this Bulletin takes a detailed look at last month’s legal news.

IFG reports challenges in UK pensions business

Assets under advice at the group’s Saunderson House division

Workplace pension chaos: How UK firms might be paying unnecessary fines

Hundreds of thousands of pounds worth of auto enrolment fines could have been incorrectly issued to a huge number of employers

Aegon hits back at government master trust rules

Pension providers regulated by the Financial Conduct Authority and the Prudential Regulation Authority were already required to underwrite the cost of running the scheme

ESB pension fund in €140m deal with Tetrarch and Pimco

Pimco selling its interest in asset portfolio with Tetrarch remaining as investor

Hedge Funds Haven’t Lost Appeal for Biggest Danish Pension Fund

The comments stand out at a time when a number of other pension funds have questioned the sense of continuing to rely on hedge funds to generate extra returns.

Pound’s turbulence could drive pension pots worth hundreds of millions overseas

The observation comes four months since the UK’s historic vote to leave the EU, in which period, sterling has fallen in value 14.5 per cent against the euro and 18 per cent against the US dollar.

Wealthify named the UK’s most investable company

Wealthify plans to use the capital raised to support the next stage of its customer acquisition and growth strategy: creating national brand awareness, introducing new sales channels and extending products and services to include pensions and other types

KPMG welcomes decision to scrap secondary annuity market

The government's decision to abandon plans to allow retirees to sell their annuities on a secondary market.

Pension group ITC in Malta move

We needed another base from which to service this segment of the market because Ireland is not a good jurisdiction

Pension schemes still need 'life support' despite a jump in funding

This is the first time since April that the health of Britain’s defined benefit pension schemes has improved, and follows a record-breaking deficit of £459.4bn for August.

Round-up of pensions developments - Herbert Smith Freehills

Welcome to the latest edition of HSF’s Pensions E-Bulletin – our monthly round-up of pensions-related legal developments.

Paraplanning support set to step up at 7IM

Seven Investment Management (7IM) has announced plans to expand its structured support and training programme for paraplanners in the last quarter of 2016 and into 2017 through the Paraplanner Pop Up Series.

Quilter Cheviot Personal Pensions and SIPP Funds Hit £3bn Milestone

Quilter Cheviot’s reputation comes to the fore here as clients recognise us as being able to stay the course and deliver a highly personal level of service.

Regulator reboots fraud-tackling programme Project Bloom

The project is also now linked to the Pension Liberation Industry Group.

Behind the scenes at the PPF

We have already transferred 22,000 new members since insourcing, and paid £365m to more than 124,000 pensioners.

Wealth management firm acquires pension admin firm in £2.2m deal

A further £1m cash sum will be payable after two years, based on growth targets being met.

JLT taps local authority fund for LGPS expertise

The LGPS sector is consolidating, with 89 England and Wales local authority pension funds pooling their assets into eight new funds.

Pension Isa could help prevent tax avoidance: Investec

The Isa model is the reverse of this, known as “tax, exempt, exempt.