Halifax is calling on the government to raise the inheritance tax threshold to £430,000 and to make a commitment to link the threshold to house price inflation in the future to allow for house price inflation.Research from the lender shows that the combined revenue raised from IHT and the higher rates of stamp duty on […]
Aifa and the ABI have joined forces to publish a guide setting out the respective responsibilities of providers and advisers in the creation, design, delivery and after sale of products.The move follows a recent FSA paper which focused on where the responsibility lies at the fault-line between distributors and providers.Aifa director general Chris Cummings says: […]
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
Average drawdown withdrawal rates have reached a level unlikely to be sustainable through retirement The FCA recently published new retirement income market data showing how consumers are using the pension freedoms. My initial reaction after reading the document was one of frustration, as the information only gives part of the overall picture. Providing some additional […]
The Pensions Ombudsman has ordered Alliance Trust Savings to pay £500 to a client for the stress it caused during the transfer of her Sipp. In the ruling, Mrs N wanted to move her Sipp operated by ATS to one operated by Equiniti Financial Services due to an increase in fees. In June 2017 Mrs […]
Rogue advisers have caused savers to lose hundreds of thousands of pounds after being abandoned to a “Wild West” of pension rules, according to a Sunday Times report. Its report shows how some advisers have exploited the outdated laws and loopholes to lure unassuming investors into high-risk products, leaving them unprotected when dodgy bets have gone […]