More than 90 per cent of IFAs are placing business though fund supermarkets, according to Cofunds. Its survey of over 200 advisers found that 94 per cent are placing client's investments through supermarkets, with two-thirds saying they expect the amount of business they process in this way to rise over the next 12 months. Reduced administration, ease of switching and being able to consolidate their customers' existing holdings were the main reasons respondents gave for using electronic platforms.
Scottish Equitable has closed its with-profits funds to new business and replaced it with two smoothed managed funds. It has somehow been given permission to call these funds the with-profits growth fund and the with-profits cautious fund, a move likely confuse potential investors.That said, while many funds have claimed to be an alternative to with-profits, […]
The tax-free lump sum on pensions must not be a sacred cow blocking the route to radical reform, warned Alan Pickering in a blistering attack on the pensions establishment last week.Describing pension professionals resisting change as Nimps – Not In My Pension Scheme – Pickering told delegates at the Pensions Management Institute annual conference in […]
Money Marketing won the life insurance/pensions trade publication of the year prize for the second time in a row at the ABI's annual Financial Media Awards this week.Held at the Royal Lancaster Hotel, the awards honoured both past and present MM staff, with former deputy news editor Rachel Stevenson – now with the Independent – […]
Wednesday, 9 October 2002 Aim: Income and growth by investing in unquoted companies Minimum investment: Lump sum £3,000 Opening-closing date: October 2, 2002-April 3, 2003 for 2002/2003 tax year, April 30, 2003 for 2003/2004 tax year Charges: Initial 5%, annual up to 2.5% Commission: Initial 3% Tel: 020 7227 3333
In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]
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Technology firm FNZ has invested in robo-adviser Advicefront, which is also backed by other leading financial planning figures. FNZ today announced it has completed a strategic investment in the company. Advicefront, which is an automated advice platform, started in 2015 and its original investors include former Bloomsbury Financial Planning principal Jason Butler, Tilney investment director […]
The FCA has raised the prospect of further sanctions over advice to transfer out of the British Steel Pension Scheme as consumers could be in line for compensation payments. Giving evidence to MPs on the work and pensions select committee, FCA supervision director Megan Butler said that while the regulator had so far acted to […]
The global economy currently appears “just right” but how long can that continue?