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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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]