News in brief – 5 January 2024

Independent Governance Group (IGG) has announced the opening of a new office in central Manchester.

Its expansion into the north west represents the company’s third office, joining London and Bristol. Four of IGG’s trustee directors - Graham Bryant, Catherine Edmondson, Nicole Mullock and Janine Wood – will be based out of the new office, along with a wider team. IGG said the new office reflected the company’s growing concentration of clients based in the north of England and reinforced its commitment to regional expansion to meet growing demand.

Origo has extended its commercial partnership with Beyond Encryption with the continued roll-out of Mailock into the financial services industry.

Mailock provides email security to over 55,000 advisers and their support teams within the financial services industry, facilitating the exchange of secure communications between product providers, financial professionals, and consumers. The service is already used by several providers, such as Aegon and Royal London, and forms the basis of a secure ecosystem within financial services, aiming to ensure that sensitive customer data is protected in transmission.

Salary sacrifice could boost workers’ wealth by £41,000 by retirement, according to analysis by Interactive Investor.

Under salary sacrifice, an employee agrees to give up part of their salary in exchange for the extra money being paid straight into their pension, and save on national insurance as well as income tax on their pension payments. A high earner on £50,000 could save £250 tax each year, or £500 if they increase their pension contributions to 10 per cent. Throughout their lifetime, a high earner could achieve additional investment wealth of up to £41,000 through investing their national insurance savings, or £83,000 if they upped their pension contributions to 10 per cent of their pay, according to the analysis.



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