Nine in 10 UK firms intend to seek expert advice on the 2012 pension reforms, with medium and large firms likely to speak to an IFA, according to the Personal Accounts Delivery Authority.
Goldman Sachs USA chairman Gerald Corrigan told MPs that its currency swap deals entered into with Greece could have added to the country’s debt crisis – and said it was possible that the UK was involved in similar deals with other banks.
FSA takes action in small-cap sector
Lloyds Banking Group chief executive Eric Daniels is under mounting pressure to make concessions on his bonus after Royal Bank of Scotland chief executive Stephen Hester waived his £1.6m bonus.
Brokers need to quickly win back trust and remind consumers of the quality of professional advice. Having been elsewhere in the financial sector since late 2008, it is great to be back in the mortgage market, particularly with signs of market recovery, but I fear that a new threat is facing brokers. From research data […]
Earlier this year, Jelf Employee Benefits mentioned that the then minister for pensions was openly discussing the need for an increase in the minimum level of auto-enrolment pension contributions.
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A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]
Studies have found funds can be too big or too small to outperform, suggesting size does matter The assessment of whether to invest in a certain fund is a tricky business. Bearing in mind roughly 90 per cent of active funds do not beat their benchmarks over periods longer than 10 years, the odds are […]
The following sorry verse embodies procrastination on a whole new level: “Hello there, my name’s Phil; I rap like a small bear writing a will [diligently]; Estate-planning, ninja-whooping IHT; Shame I’m not as bizzie [urban affectation] with the RLP.” These words were penned in response to my father’s short verse sent to me, after the […]