More than £1.2bn of pensioner benefits is lying unclaimed because up to 3m pensioners are not claiming all the state benefits they are entitled to, according to new research from Prudential. It says pensioners could be missing out on £127 a year by not claiming the three main benefits – income support, housing benefit and council tax benefit. Around 43 per cent of people say they are not sure of the eligibility for benefits, 23 per cent are not aware of entitled benefits and 18 per cent said the process is too complicated.
Some of us hark back to the long hot summers of yesteryear and we remember fondly those glorious Pep/ Isa seasons when IFAs would deliver applications to hotels. Alas, there will be no pictures of helicopters delivering Isa applications this time round.The Investment Management Association reports Isa sales are down by 40 per cent in […]
Almost 70 per cent of IFAs believe that providers investing in IFA firms will compromise the independent status of those businesses, according to a study by George Street Research.Of the 204 companies surveyed in the research conducted exclusively for Money Marketing, only 19 say the image of independence will not be damaged by providers investing […]
First State Investments has appointed John Harte, 37, as its head of marketing and communications. Harte will report directly to chief executive Rob Adams and will be a member of the company's executive committee. He was previously head of retail business at Capital International and head of European retail and institutional marketing Schroders.
Rothschild Asset Management is adding a new life insurance feature to its wealth management service to protect an investor's estate from the effect of falling stockmarkets.The Five Arrows Protected Wealth Management Service provides insurance cover to protect clients' beneficiaries by guaranteeing a protected value of the fund in the event of death.The protected value is […]
In conversation with journalist Alexis Xydias, Artemis Global Growth Fund manager Peter Saacke discusses the state of global markets and how he is positioning his fund. Peter gives his views on the growth potential of US, Europe and emerging markets, each of which is on a different stage of the road to recovery. And with a […]
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]