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Platforms’ drawdown solutions vital to good advice, says 7IM

Platforms that have well-developed drawdown solutions will be best placed to help advisers navigate clients through retirement, says Seven Investment Management. 7IM head of intermediary Verona Kenny says platforms with strong offerings in the drawdown space are vital for proper client management. Speaking to Money Marketing, Kenny says: “Challenges for advisers to navigate include ensuring […]

Threesixty warns of product governance complacency

Support service provider Threesixty has warned advisers not to be “complacent” about new product governance rules, which came into effect in January last year. The company claims that many advisory and discretionary management firms are yet to adapt to changes or remain “unaware” of the new requirements. To combat this Threesixty has made its product […]

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Industry reacts to new prime minister Boris Johnson

Boris Johnson has defeated Jeremy Hunt in the Conservative leadership contest and will become the new prime minister tomorrow. He won 92,153 votes compared to Hunt’s 46,656. Johnson vowed to “energise the country” and said he would deliver Brexit. But he acknowledged some people “will question the decision” to choose him as the next PM. Chancellor […]

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Govt proposes NHS pensions shake up to defuse crisis

High earning doctors should be able to reduce their pension contributions to avoid being penalised by the tapered annual allowance, the government says. A consultation published by the Department of Health and Social Care suggests a ‘50/50’ proposal where members could reduce the amount of pension they build up alongside the amount paid. Health professionals […]

UK firms vulnerable to activist investors

The weakening value of sterling is leaving many of the nation’s largest companies at risk of being swamped by activist investors as they fail to satisfy shareholders. The Times reports that activist investors – who buy into companies and place pressure on company management – are becoming more common in the UK. Shareholder activism is […]