Too much emphasis is being placed on critical yield and not enough on other factors, leading to IFAs failing to recommend pension transfers when they should, says actuarial firm Mark Lloyd & Co. The firm says the potential for current low stockmarket values to rise and funding deficits in final salary schemes means switching is more attractive than many IFAs think.
Royal Bank of Scotland International has established a guaranteed equity bond that is available in sterling, dollar or euro currency denominations.The bonus builder account is linked to the FTSE 100, S&P 500 and Dow Jones Eurostoxx 50 indices during a three-year term. The returns investors get will depend on the performance of these indices and […]
Skandia is selling two 5 per cent stakes in Bankhall to rival product providers while looking at other acquisitions in the IFA sector.The life office is believed to have instructed a merchant bank to offer stakes in the IFA service company to other product providers.It paid £150m for 86 per cent of Bankhall last December. […]
Fund managers Aberdeen and Schroders have announced a number of fund managers leaving on their US and UK desks.Aberdeen has announced in a restructuring of its retail side that managers of its North American fund Rubert Della-Porter and Rupert Howard have left the company. Former co-manager Alex Ingham is to take over the running of […]
Pensions remain the best retirement savings vehicle and will outperform long-term saving in an Isa or property, Legal & General pensions strategy manager Adrian Boulding argued at last week's Pensions in Crisis conference in London.Taking a swipe at the buy-to-let market, Boulding told the conference that tax relief on pensions coupled with historic long-term returns […]
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, discusses why it is difficult to keep a long-term perspective in short-term markets.
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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 […]