Auto Enrolment: Why pension providers don’t want your business and how it will end up costing you

Why don’t pension providers want your business And how could it cost you moreFor most businesses turning down a new sale, order or contract would be pretty unusual, but that’s exactly what many pension providers are doing right now. One of your duties as an employer is to select a pension scheme into which you will automatically enrol your members of staff who qualify. When it comes to choosing a Personal Pension or perhaps a Self-Invested Personal Pension (SIPP) for yourself, no provider would ever turn you down. But when it ...

Automatic Enrolment: Government introduces charge cap and bans commission

Auto EnrolmentIn the second major shake up to pensions in little over a week, the Government has announced that charges on all schemes used to automatically enrol workers will be capped. Over the next few years, all workers over the age of 22 and earning above a set level, currently £9,440 per year, will be automatically enrolled into a workplace pension. Our ...

Annuities: Scottish Widows to offer Enhanced Annuities

Scottish WidowsScottish Widows has announced they are to start offering Enhanced Annuities . The move comes after the pension provider estimated 45% of its pension investors could qualify for an Enhanced Annuity due to on-going medical conditions. The Scottish Widows Enhanced Annuity will be available to all would-be retirees, not just existing customers and will have a minimum purchase price of £5,000. The Annuity will be available with all the usual options for retirees looking to include guarantees, spouse’s pensions and indexation....

Police make pension liberation arrests

iStock_000002107464XSmallThe City of London Police has announced they have broken up a suspected organised crime gang. The gang are believed to have cold called and sent text messages to thousands people across the UK, allegedly offering illegal pension liberation schemes. According to the City of London Police, three men were arrested on Wednesday morning when a call centre based in the city was raided. During the raid on the call centre, which housed up to 40 employees, documents and computers were seized. Additional arrests were made in ...