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

500% increase in employee app access to pension schemes

There has been a big increase in demand by pension scheme members for online and mobile app access

Consumer Panel urges FCA to address problems in the annuities market

Responding to today’s publication by the FCA of its annuities sales review and retirement income market study, the Financial Services Consumer Panel has called on the FCA to take action to address the persistent problems in the annuities market.

JLT says Schemes risk missing out on bulk annuities

Schemes risk missing out on competitively priced bulk annuities, says JLT Employee Benefits

Pensions and Benefits UK 2015 – Registration open

The full 2015 programme will be announced in January

Industry rejects member surveys on investment concerns

The scheme agreed to survey members about their views on non-financial factors

Strathclyde boosts New Opportunities portfolio with new mandates

The NOP, a portfolio aimed at real assets and real estate mandates, accounted for 0.2% of the fund’s assets at the end of March this year, around £27m.

PASA re-elects Snowdon to top role

Margaret Snowdon has been re-elected as chairwoman of the The Pensions Administration Standards Association

FCA branded 'seriously inadequate' over pensions review announcement

Davis review criticises regulator for response to the announcement of a review into life insurance policies that knocked billions off the market values of pension providers

Isle of Man ideal base for QNUPS

If that is not the case, QNUPS can be deemed as having been established for tax avoidance.

A third of Brits targeted by pension scammers

More than a quarter of those contacted admitted to having been tempted to accept the offer and some 15% subsequently contacted the fraudsters.

UK pension deficit rises to 221 bln pounds in Nov- data

The total assets under management of 6,057 schemes tracked by the PPF index were 1,233 billion pounds, while liabilities stood at 1,454 billion pounds.

FCA Boss Gives Up Bonus Over Pension Gaffe

The boss of the Financial Conduct Authority is to give up his annual bonus in the wake of a pension review story, Sky News has learned.

FCA eyes pension passport plans

Wake-up packs are documents sent to those approaching retirement by pension providers to inform them of their right to buy an annuity, but they have been criticised in the past for being too long, and can often run to 22 pages.

HMRC provides VAT guidance on pension fund management costs

HM Revenue and Customs has provided further guidance in its Revenue and Customs Briefs on VAT in relation to pension funds management costs and services.

Fears for pension freedoms if change of government

A new government could destroy the public’s faith in pensions if it reversed the changes announced by chancellor George Osborne in the Budget, the chief executive of platform provider AJ Bell has warned.

Irwin Mitchell Appoints Head Of Pensions To Growing Business Team

Leading law firm, Irwin Mitchell, has announced that it has appointed DWF’s UK Head of Pensions, Martin Jenkins, to its fast-growing London office.

Tax-raising powers for Scotland could cause pension confusion

Pension schemes would need to identify who is a Scottish taxpayer and then claim different top-ups from HMRC as a result of cross-party proposals for further devolution to Scotland