The ABI is changing its rules under which providers of investment funds in the life and pensions sector report their past performance data to ensure each fund appears just once in performance tables.
US growth will suffer in the immediate wake of Hurricane Katrina but is likely to benefit by the end of the year from rebuilding efforts. Oil prices surged to over $70 a barrel after 10 oil refineries on the Gulf of Mexico coast, representing 10 per cent of the US’s refining capacity, were shut down, […]
Norwich Union is set to open its fund of fund range to Isa and Pep investors next month, marking the firm’s first step into the Isa Fof sector. NU’s three Fof portfolios, which are run by IMS, are currently only available through its portfolio life bond and pension wrappers but will be added to its […]
The merger of Britannic Group and Resolution Group has been appro- ved by the FSA. The new closed life fund consolidator will now be called Resolution plc.
Nearly half of parents have made no will, according to research from Barclays. It polled 1,019 adults and found 48 per cent of parents and overall 19 per cent of people over 65 have not made a will. Barclays points out that if there is no will then, in intes- tacy, if the deceased has […]
Capital Market Notes, November 2016 David Lafferty, chief market strategist at Natixis Global Asset Management, looks at the impact on markets and portfolios since the somewhat surprising outcome of the US election. Click here
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Three advice firms have stopped giving pension transfer advice following work by the FCA over the future of the British Steel Pension Scheme. A statement this afternoon details the FCA’s “information gathering exercise” to identify the firms that have been most active in advising people to transfer out of the scheme. The regulator got information from […]
The FCA has launched a consultation on its approach to authorisation and competition, which will be open to responses until March next year. Following the launch of the FCA’s mission in April, the approach documents are the second and third in a series of papers explaining how the watchdog tackles regulation. The first document, the […]