As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.
American International Group is buying the UK protection arm of Ageas in a deal worth £181m. AIG says it expects to complete the deal by the end of the year, subject to regulatory approval. Ageas Protect, formerly Fortis Life, was launched in 2008 by Martin Werth, now chief executive at UnderwriteMe. It will join AIG’s […]
Over the last 12 months, it’s fair to say Mortgage Strategy has become the forum of choice for those wishing to debate the whys and wherefores of those cases qualified valuers identify as being over estimated, in property value terms, by the applicant or their advisers. I would like to think in some small way […]
Our client is a leading video game and publishing company best known for its console role-playing game franchises. The client provides a number of benefits, at varying levels and cost that attract a P11d liability. With the absence of a management log to track data for benefit movements, enormous administrative and therefore cost implications were occurring each year just to comply with P11d reporting requirements.
Sesame Bankhall Group has set aside £31m for customer compensation following a review by parent company Friends Life. Friends revealed the complaints provision in its half-year accounts last week, adding there was “considerable uncertainty” over the outcome of its review. The FCA fined Sesame £6m in June 2013 for failing to ensure investment advice was […]
A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.