Alliance Trust plans to open its online share-dealing service to the wider IFA market this quarter.
Prudential is understood to be looking at a process called a scheme of arrangement rather than a reattribution of its £9bn inherited estate, which would mean the firm would only need 75 per cent of policyholders to agree with any potential deal.By taking this route, any policyholders disagreeing with the potential deal would be swept […]
Few people believe Child Trust Fund Week will make much impact on a public that is largely financially illiterate, says Helen Pow.
Appeal for Treasury rethink after product is shelved.
Kensington Group chief executive John Maltby has questioned whether some sub-prime lenders can survive due to the “unsustainable” nature of products on offer.The head of the UK’s first adverse lender had added his voice to the growing number concerned about the sector. It follows claims by lender Rooftop last week that too many lenders in […]
The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.
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Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]