Aegon is working with wrap tech nology provider GBST on the dev elopment of its platform, which Money Marketing understands could launch within a year. Milestone Wealth Management principal Neil Mumford says: “Life companies need to be in that area because the traditional model is very much broken. The majority of life companies that stay in the market without a solution will struggle.”
Fidelity has opted to structure Anthony Bolton’s forthcoming China fund as an investment trust, a move first revealed by our sister publication Fund Strategy in December last year.
The Government has published a document on proposals for reforming the UK tax treatment of controlled foreign companies.
Two thirds of investors are investing their money without seeking financial advice, research by Fair Investment Company reveals.
Skandia predicts up to £8bn could soon exit with-profits bonds as investors make the most of the opportunity to avoid market value reductions on the policy’s tenth anniversary.
Graeme Robb, senior technical manager at Prudential, writes about the residence nil-rate band and the advice opportunities it presents for you when tax year-end planning with your clients. On our Planning Matters hub, we considered a widow, Margaret, and a married couple, John and Anne, for whom the residence nil-rate band (RNRB) is influencing planning […]
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]