Aviva UK life chief executive Andy Briggs has put his weight behind calls for a ban on contingent charging for defined benefit pension transfer advice. According to the Financial Times, Briggs says contingent charging could lead to poor outcomes for savers. The FT reports Briggs saying: “I personally would say in [DB to DC] transfers, […]
Around 100,000 people transferred out of their defined benefit pension between 1 April 2017 and 31 March 2018, according to data from The Pensions Regulator. A Freedom of Information Act request published on TPR’s website says DB schemes have reported around 72,700 transfers out during that period. The total value of those transfers was £14.3bn. […]
A judicial review into a Financial Ombudsman Service determination that will have wide implications for Sipp providers is due to be heard in London this autumn, Money Marketing can reveal. The case concerns a longstanding dispute between Berkeley Burke Sipp Administration and the FOS. In 2014, the FOS ruled against Berkeley Burke for failing to […]
“There is nothing permanent except change”, so said the “weeping philosopher” Heraclitus circa 500 BC. Few would argue change was not needed in the retirement income market; it is just no one expected it to be so inorganic and non-negotiable. The impact of the pension freedoms Budget bombshell in 2014 was immediate and significant. Revisiting […]
Picking stocks with strong balance sheets has helped Mark Page find growth – and avoid carmakers – for the Artemis European Opportunities Fund.
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