Aegon – Wealth Management Portfolio update
Update: Addition of a free European portability option enabling clients moving from the UK to Spain, France or Italy to benefit from tax deferral and certainty of their bond being tax compliant in those countries
Contact: www.aegon.ie/adviser/products
The trick to predicting the future is to know what will happen next. In the black and white world of compliance, the past may be no guide to what lies ahead but, for example, firsthand experience of Australia’s financial advice revolution a few years back has not exactly hurt better business guru Brett Davidson as […]
Some 945,000 Equitable Life victims will receive payments equivalent to 22.4 per cent of their relative losses after the Treasury confirmed it will allocate £775m in compensation on a pro-rata basis. The Independent Commission on Equitable Life Payments report, published today, confirms the oldest non with-profit policyholders and the estates of deceased policyholders will be […]
The editor’s comment of the week
Zurich UK Life is in talks with staff about cutting 120 jobs from its sales and marketing division and closing five branches. Staff at the insurer were notified about the proposed job cuts yesterday and are now in a 30-day consultation period. The prospective job losses account for 8 per cent of the total Zurich […]
RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]
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The Organisation for Economic Co-operation and Development claims behavioural biases and low levels of financial knowledge are undermining people’s ability to make appropriate decisions for their retirement. The OECD’s Pensions Outlook 2018 says automatic features, default options and simple information and choice could combat the lack of financial literacy. The OECD’s view is that automatic enrolment […]
Aviva should pay £500 compensation for the way it handled an investment query that caused stress to a daughter who took power of attorney for her mother. In the Financial Ombudsman Service ruling, Miss S has power of attorney for her mother and complains Aviva delayed providing information about a bond. She goes onto argue […]
Advice is becoming a more risky business, meaning firms must rethink their approach to the issues they face Given the Financial Ombudsman Service’s compensation limit is set to rise to £350,000, it is time for advice firms to rethink their approach to the risks they now face. The FCA’s plan is for the new limit […]