The Retirement Strategy data pages are designed to offer a wide ranging view of the current annuity rates being offered from providers including impaired, flexible and asset-backed annuity options. The pages also put current rates into historical context, offer the latest annuity best-buy tables and give a general overview of the type of products each provider currently offers.
A new “eBay style” website has launched offering mortgage leads to IFAs and brokers. The website, Lead Magpie, allows intermediaries to bid for mortgage leads. The lead is then sent via email or text message to the winning bidder. Software company Nebius owns the website. Nebius director Stuart Cam says: “We’ve collaborated with IFAs to […]
The European Commission is considering whether to make advice compulsory for all mortgage sales or for certain types of mortgage customers. The EC is formulating proposals for a mortgage credit directive which will look to ensure responsible lending and borrowing across Europe, with proposals due to be published early this year. Association of Mortgage Intermediaries […]
Schroders is launching an ISF global high-income bond fund, investing in a blend of emerging market sovereigns and corporates and developed world high-yield bonds. Global bond fund manager Warren Hyland will run the fund, supported by the group’s fixed-income team. He will actively allocate assets between the three broad high-yield fixed-income sectors as well as […]
Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]
A weekly account of the curious goings-on in the world of financial services A hostile climateOn the same day the Prudential Regulation Authority put out a policy statement on the financial risks of climate change and five London landmarks were ground to a halt by climate protesters, it was starting to feel like a bit […]
Understanding the impact of cutting the dead wood Nothing sells funds like performance. Despite all the regulator’s railings that past performance is no guide to the future, we see flows being directed to the funds at the top of the league tables time and time again. There are, of course, far too many funds out […]
The Department for Work and Pensions has published its first round of guidance to help trustees resolve unequal guaranteed minimum pensions today. A GMP is the minimum pension that an occupational pension scheme, contracted out of the additional state pension between 6 April 1978 and 5 April 1997 on a salary-related basis, has to provide […]