Skandia has posted 19 per cent growth in sales in the first six months of this year with a business total of 310m. This brings its assets under management to a nw high of 23bn. The company achieved 43 per cent growth last year.
The FSA is warning it will take legal and enforcement action against firms that tape regulatory investigation visits. It says taping staff is acceptable if they are aware it is happening but says covert recording is unacceptable. It says the practice undermines the effectiveness of monitoring visits and impedes open discussion between FSA staff. The […]
Two Year Fixed Rate
This week, I will conclude my series of articles on recent and imminent developments in the pension world. In my last article, I looked at issues relating to the pro- jection of benefits from final-salary schemes and state pensions. Here, I will move on to the projection of money-purchase benefits, paying particular attention to the impact of statutory money-purchase illustrations.
Gay consumers could easily misunderstand the new civil partnership law and the financial implications for same sex couples according to Citizens Advice.The CAB says the law, instated on December 5 this year, is misunderstood as live-in same-sex couples might still be affected even if they do not register their relationship.The civil partnership law gives gay […]
By Mark Martin, Head of UK Equities at Neptune Investment Management Recent UK GDP figures indicated that the economy is in good health, with a 0.5% rise in GDP in the final quarter of 2015. Whilst the GDP growth rate fell from 2.9% in 2014 to 2.2% in 2015 as a whole, this expansion – […]
- Top trends
- Top trends
- Pension tax relief in firing line as Hammond mulls ‘intergenerational fairness’ Budget
- Martin Lewis wins claim against PPI chaser that used his image
- Scottish Widows mulls Standard Life corporate pensions book takeover
- The future of Cofunds: What next for a platform titan?
- How much are advisers charging for pension transfers?
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]