Prudential has denied a proposed direct-to-consumer PruFunds proposition would damage the relationships it has with advisers. M&G Prudential chief executive John Foley says offering the PruFund range direct to customers would open up new channels for the business. Pru said it would be establishing a direct-to-consumer platform as part of the £250m investment into customer […]
The rise in contributions is likely to spook employees but the industry must help them focus on the many positives Next week brings with it a significant day in the world of pensions. On 6 April, for the first time in more than five years, automatic enrolment minimum contributions are going up. To ease people […]
Old Mutual Wealth will spend £44m on advice businesses acquired in 2017, including £24m on its purchase of network Caerus. Old Mutual Plc published its 2017 annual report today, which shows the Caerus deal was made up of a £15m cash consideration, £3m deferred for two years, and £6m deferred for three years. The completion of […]
BNY Mellon Investment Management and Hymans Robertson are set to launch a drawdown tool for financial advisers, Money Marketing has learned. The tool will enable advisers to create drawdown plans for clients, taking into account annual income and inflation, among other factors. It will look at the size of the client’s pension pot alongside post […]
By Kunal Desai, Head of Indian Equities
With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.
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