First anniversary of Occupational Pensions Scheme update service from Scottish Life
Thursday, 8 November 2007
Scottish Life, the pensions specialist arm of the Royal London Group, has seen a significant take up of its online Occupational Pensions Scheme update service, just one year after launch.
The email alert service, launched last year to help keep corporate pension IFAs and trustees abreast of industry issues and developments, now has over 1,200 subscribers. The updates cover current topics in the world of occupational pensions and aim to give clear, incisive information on key industry issues. In a recent survey of subscribers, more than 75% of respondents rated the service excellent or above average.
Some of the topics covered by the service include:
- Guidance from The Pensions Regulator on clearance
- Removal of the Member Nominated Trustee opt-out procedures
- Developments in age discrimination
- Changes to winding-up regulations
- HMRC on line report filing
Jamie Clark, Occupational Pensions Marketing Manager, said:
"There is a constant stream of information from all over the pension arena and it is difficult to keep up to speed and make sense of it all. The email alerts are designed to help pension IFAs and trustees keep their finger on the pulse of key developments at bodies such as the HMRC and DWP and are easily accessible from our website".
The latest update was issued on 2 November 2007, and covered:
- DWP consultation on flexible retirement and age discrimination
- The outcome of the Open Market Option review
- How The Pensions Regulator will govern work based pension schemes
To sign up for the service, email CB@scottishlife.co.uk stating whether you are an adviser or trustee.
- ENDS -
For further information please contact:
Scottish Life
Barbara Playfair
Communications Executive
Tel: 0131 456 7298
Polhill Communications
Jenette Perry
Tel: 020 7655 0530
Editor's Notes:
Scottish Life was founded in 1881 in Edinburgh as a proprietary company, becoming a mutual company in 1968.
On 1 July 2001, Scottish Life demutualised and transferred its business to The Royal London Mutual Insurance Society Limited. Scottish Life is a division of Royal London and is the specialist pensions business within the Group, providing individual and group pensions to the market via intermediaries.
Scottish Life and Royal London's other intermediary businesses are based in Edinburgh where 1,200 staff are employed, with 195 working in other parts of the UK and overseas.
Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market which value premium propositions, operating through a number of brands:
- Scottish Life – UK pensions market
- Bright Grey – UK protection market
- Scottish Life International – offshore investment markets
- RLAM – fund management
- RLAS – life and pensions administration
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £32.9 billion. Group businesses serve around three million customers and employ 2,580 people.(Figures quoted are as at 30 September 2007).