Providers want Govt action on lump sum tax and advice gap

Providers are calling on the Work and Pensions Select Committee to tackle the advice gap and tax on pension withdrawals in its review of pension freedoms. The committee said last month it was opening an inquiry into whether the pension freedoms are achieving their objectives and if policy changes are needed. In its submission to […]


Should advisers ‘adopt’ an undergraduate?

The industry needs to do more to bring in more younger advisers Promoting financial advice as an attractive career to younger people underpins many things important for the future, such as succession planning and moving from an industry to a profession. Some advisers do their bit by taking on apprentices and may run graduate trainee […]

OMGI could land in Australian hands in sale from Old Mutual

Old Mutual Global Investors could land in Australian hands in its sale from Old Mutual. Challenger and Macquarie Investment Management are among bidders for the single strategy asset management division, Sky News reports. Hellman & Friedman were among the private equity houses that were sounded out by Old Mutual, alongside Cinven and CVC Capital Partners. But earlier this month Old […]

Aviva platform proposition head wins top job at Origo

Aviva consumer platform proposition head Anthony Rafferty has been appointed as the new head of pensions technology firm Origo. Rafferty will succeed Paul Pettitt, who recently announced his decade-long spell as managing director would could to an end in March. Rafferty will join on 1 January to allow a two-month handover. He was previously head […]


Platform truths, half-truths and down-right misconceptions

At a recent lunch with both the head and commercial proposition director at one of the platforms we use, we somehow ended up on the topic of truths, half-truths and misconceptions we had heard about platforms over the years. I personally do not think there has been a single innovation that has brought as much […]

Fidelity managers leave firm amid sexual harassment claims

Two Fidelity fund managers are facing accusations of sexual harassment and have left the asset manager in the past month, according to reports. Sources have told the Financial Times and the Wall Street Journal that complaints about sexual comments and behaviour led to two long-serving members of Fidelity’s $1.3trn equity division being pushed out. An […]