Standard Life

HUNDREDS OF thousands of staff will not be able to benefit from pension reforms coming into force this week as two major surveys are thought to have found many big companies are unprepared for the changes, according to the Daily Telegraph .

Standard Life members will vote on the company's demutualisation plans at a Special General Meeting on 31 May in Edinburgh, according to the latest update to the demutualisation plans published this morning.

The Chancellor's reversal on the proposed Inheritance Tax (IHT) rules for those aged under 75 has been welcomed from most of the industry.

The introduction of a National Pensions Savings Scheme (NPSS) or alternative model is not as safe as the Pensions Commission would have us believe claims Scottish Life.

Despite receiving bonus payments of more than £1m, many City professionals will be taking advantage of the A-Day changes instead of buying fast cars and big yachts, claims Route Wealth Management.

Financial services representatives have called on protection providers and financial intermediaries to consider whether ‘treating customers fairly' requirements are being met if protection and life policies are not written in trust.

THE GOVERNMENT FACES a £5bn bill to compensate 85,000 workers who lost their pensions when their employers went bust, amid growing speculation that a report this week by the parliamentary ombudsman will pin the blame on the Department for Work and Pensions...

AN ALL-PARTY parliamentary group examining the true cost of demutualisations among life assurers and building societies has called for legislation introducing an independent check on demutualisation windfalls, reports The Financial Times .

Only one in nine people would trust the financial services industry to look after their pension pot, according to research from Which?.

Standard Life is aiming to become one of the three largest players in the lucrative offshore investment market within three years, generating some £800 million-worth of business, according to a report from The Scotsman this morning.