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Ian McKenna

Ian McKenna: The missing links in pensions engagement

Too many new initiatives are ignoring the obvious foundation available from which to build on Last month’s Budget documents confirmed the government is supporting the pension dashboard project, setting aside £5m to fund it. But the most significant part of the announcement was that the documents referenced “pension dashboards” – plural, not singular. The clear […]

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ABI and Nest team up to lobby govt on pension dashboard

The Association of British Insurers and National Employment Savings Trust have joined forces to put pressure on the government to advance the pension dashboard project. ABI and Nest have formed a “formal partnership” on “shared strategies goals”. The new partners had consulted before on issues, that concerned them both. The two partners will work on […]

adviser-clients

Two IFAs refer business to restricted orphan client accumulator

London-based Onvestor, the appointed representative of Basi & Basi, has added two adviser firms to its referral service launched earlier this year. Shropshire-based Midland Financial Advisers and Assured Financial Planning in Harrogate now both have the ability to refer their clients who they consider are no longer viable to support while ensuring they continue to […]

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Retirees maintain drawdown rate despite market volatility

More than half of retirees have not decreased their rate of drawdown as a result of global market volatility, Aegon research shows. FCA data showed in September 2018 that those taking regular sums from drawdown (or uncrystallised funds pension lump sum) policies have increased their rate of withdrawal from 4.7 per cent in 2016-17 to […]

ASA upholds fixed rental income complaints

The Advertising Standards Authority has upheld complaints against a brace of property management services, in both cases for advertising guaranteed rental income. In the first case, the website for Victoria Knight boasted that a fixed monthly rental income was assured, which was challenged as being misleading because it “suggested rent would be guaranteed in all […]

Liontrust chair to step down as assets jump £2bn

Liontrust has seen assets under management grow by almost £2bn to hit £12bn in six months to 30 September. Fund flows hit £723m in the six months, up from £178m for the same period in 2017. It says the UK demand for sustainable investments, after acquiring the team from Alliance Trust Investments in 2017, had […]