Rating agency Moody’s has downgraded Aegon to negative after the firm reported an expected fourth-quarter loss of £1.08bn and an underlying loss before tax of £179m in its preliminary results on Tuesday.
On October 1, 1962, I took up my place at a desk in Cheapside, London in the pension department of what was then called Yorkshire Insurance Company, now buried deep within Aviva. In my 46-plus years, I have felt that I have been on a perp-etual learning curve, never more so than in recent years.
A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.
Inheritance tax receipts have increased to a record £5.4bn in the 2018/19 tax year according to HM Revenue and Customs figures published today. Receipts increased by around £160m in just a year from £5.2bn in 2017/2018 to £5.4bn. HMRC figures show the annual revenue and revenue as a percentage of GDP since 1980/81. It shows […]
Establishing the approach to qualitative versus quantitative analysis should top the due diligence list As more advisers outsource investment decisions to discretionary fund managers, the more the regulator will scrutinise the selection process. I would not be surprised if DFMs were selected on a lazy combination of brand, price and performance, yet any being offered […]
The biggest reason new concepts are not being brought to market is a lack of confidence that advisers will change their behaviour. Having started life in the financial services industry as a clerk for one of the largest life assurance companies in the UK, protection has always been my first love. Unfortunately, it only takes […]