Carl Chapman discusses starting with a blank canvas to build benefit choices tailored to the unique requirements of the workforce, in order to achieve the best possible outcome for both employer and employees.
In the workplace, it’s easy to think of employees as one workforce that share the same needs and opinions, with nothing to distinguish them from each other – much like a carbon copy print of a piece of art. The opposite of course is true.
With just four weeks to go until Solvency II 'Day 1' reporting is due for solo entities, our discussions with some firms have indicated a lack of appreciation of the requirements. In this short article we set out what firms need to do in the coming weeks or risk the wrath of the Prudential Regulation Authority (PRA).
Just when life insurers were breathing a sigh of relief for getting over the Matching Adjustment (MA) hurdle, the Prudential Regulation Authority (PRA) has released a draft supervisory statement explaining further aspects of how they expect portfolios to be managed.
One of the Chancellor’s ‘rabbits from his hat’ in this year’s Budget was the Lifetime ISA. Will it serve to “strengthen the incentive to save” amongst the young, and how might it interact over the longer term with SIPPs and pensions in general?
In his introduction to the FCA’s Business Plan 2016/17, the Chairman uses the phrase “constructive deterrence” - this phrase may help insurers and distributors to understand the overall philosophy of the FCA but will it lead to better customer outcomes?
The proverbial Lord Mayor’s show is over; the end of contracting-out has finally come and gone. So what now? Well, schemes with changed benefit design may be cancelling their contracting-out certificate and this means they will have to adopt a different approach to GMP reconciliation.
Chinese New Year, the Budget, the Six Nations, Easter and the Cricket T20 World Cup have all come and gone already in 2016. Something else that’s been with us for a long time has also finished . . . rest in peace contracting-out.
Although it seems to have been a long time in the making, as from today (6 April 2016) we now have the new state pension in force and up and running - it's proving already to be something of a mixed blessing.
Specialist medically underwritten bulk annuity providers, Partnership Assurance and Just Retirement, have confirmed that their proposed merger will go ahead in April 2016, but what impact could this have on the market?