Life insurers are accusing the FSA of washing its hands of the Treasury select committee’s recommendation for an industrywide rating system for investment funds. In its latest meeting with the Financial Services Forum, the FSA said the dangers of implementing such a system were too high but it gave invited the industry to come up […]
Clerical Medical has published further advice to help IFAs prepare for A-day and the anticipated rush towards contract based group personal pension and stakeholder schemes.Ninety five per cent of intermediaries highlighted new trustee responsibilities as the main driver for change amongst smaller occupational trust based schemes, according to new research from Clerical Medical. Clerical Medical […]
Sorry is often the hardest word to say but that is what Norwich Union chief executive Gary Withers has done. It is a brave provider that acknowledges its mistakes and apologises to IFAs on service. But how on earth did a company of such size and importance come to this sorry pass? For far too […]
AlphaSimplex Group believes that the most robust investment products are those that adapt to changing market conditions. Alex Healey, portfolio manager of the ASG Managed Futures Fund, talks about how holding “long” and “short” positions in alternative investments, to match market trends, can create opportunities in both up and down markets.
An Essex man has been jailed for eight years after mis-selling carbon credits to 130 victims in 2012 and 2013 and using the funds to purchase luxury items for himself. City of London Police took on the case from Essex Police, sentencing Sami Raja of Grays, Essex in Southwark Crown Court on Friday. Raja was […]
People need to take care to protect their pension pots from potential investment scammers and negligent trustees, the Insolvency Service has warned. In a statement today, the IS says the ban against cold-calling should not mean investors relax their views on scammers. Consumer minister Kelly Tolhurst says: “If you think you might have been a […]
There are many tax-efficient benefits to holding funds in a private company whose shareholders are family members The 2018 autumn Budget confirmed the scheduled reduction of the main rate of corporation tax to 17 per cent from April 2020. Good news for corporates – although, even at its current level of 19 per cent, the […]