So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes that will be issued from Mercury Financial Credit Card Master Trust, Series 2021-1 ("MFCCMT 2021-1"), a credit card asset-backed securities transaction. The ratings reflect the initial credit enhancement levels ranging from 33.25% for the Class A notes to 5.00% for the Class D notes. Credit enhancement on the notes consists of i) subordination (except for the class D notes) ii) excess spread generated by the pool of credit card receivables and iii) a reserve account (if funded after the closing date).
19,182 DIFC employees from 1,187 employers enrolled, enabling individuals to plan their financial future.
The scheme restructured the previously defined benefit end of service gratuity scheme into a funded and professionally managed, defined contribution savings plan.
The plan brings much needed transparency to how EoSG is managed and provides financial security especially during a period of economic turbulence.
Interim performance of the Mercer Multi High Asset Growth fund has seen growth of 36.6 per cent.
Region-first employee workplace savings scheme is testament to DIFC’s position as the leading global financial centre in the region, committed to attracting and retaining world-class talent
Dubai, 2 March 2021 – One year after its launch, the
DIFC employee savings plan locks in $127m in assets under management in first year gulfbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfbusiness.com Daily Mail and Mail on Sunday newspapers.
Solving the small pots problem
While many individuals have forgotten about their small pension pots, the government has not. But is its new work on the issue going to be enough?
By Amanda Newman Smith 12
th February 2021 4:19 pm
The trouble with auto-enrolment is that it has created too many small pension pots that get left behind when people change jobs. You know the story someone starts a job, but within a few months they’ve got a better offer and a shiny new pension pot. But that employer struggles during the pandemic, so redundancy means getting another job and yet another pension pot.