IFA retirement specialist firm Wentworth Rose has appointed Malcolm Thomas as head of pensions, the second recruit from Towry Law in the last month. Thomas joined Hogg Robinson in 1994 and moved to Towry last year as sales manager leading its retirement advice teams. Towry is requiring board director Tudor Taylor to honour his contract until June next year when he will become Wentworth Rose managing director.
Scottish Equitable is urging the pensions industry to keep up with social change such as issues surrounding the payment of pension death benefits to homosexual and common-law partners. Scot Equ pensions development director Stewart Ritchie says there is increasing mismatch between rules for dependants' pensions and the way society is evolving, where increasingly people are […]
During my short life of 54 years I have probably made in excess of 10,000 errors. I have admitted to all 10,000. I am amazed that Suzanne McCarthy, chief executive of the Investors Compensation Scheme, cannot admit she has made just one mistake in her much shorter life.She has missed the point completely over the […]
New Conservative leader Ian Duncan Smith has completed his front bench team, including those relevant for the financial services industry.Shadowing the Treasury will be former Home Secretary Michael Howard opposite Chancellor Gordon Brown. Howard Flight, who co-founded City fund manager Guinness Flight will return as shadow economic secretary, the portfolio most responsible for the industry.David […]
PARSOLI GLOBAL ISLAMIC EQUITY FUND Type: Oeic. Aim: Growth by investing in blue chip international stocks through Shar'iah. Minimum investment: Lump sum £1,000, monthly £50. Investment split: 100 per cent blue chip international funds. Isa link: Yes. Pep transfers: Yes. Charges: Initial 5.75 per cent, annual 2 per cent. Commission: Initial 3 per cent, renewal […]
One of the areas that will be high on the new minister for pensions’ to-do list will be the forthcoming review of automatic enrolment (AE). The outgoing minister had regularly said that AE contribution levels would need to be revisited early in this parliamentary term, and new research by Jelf Employee Benefits reveals employer support for such proposals.
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Jupiter Asset Management is concerned markets could see further volatility in the latter part of 2018, while the strength of the dollar could also threaten global growth. Speaking at Jupiter Asset Management’s annual investment dinner last night, fund manager Ariel Bezalal said: “Our concern is that what we had in February with the shocking rise in […]
The Financial Ombudsman Service has confirmed it is dealing with just under 40 open cases against collapsed Sipp provider Lifetime Sipp. The Lifetime Sipp Company, which entered administration this month, was found to have links to unregulated investment schemes, and has now appointed Kingston Smith and Partners as its administrator. Lifetime Sipp has not disclosed why it […]
In August 2015, I made the mistake of checking my work emails late one Sunday evening. Instead of turning in for the night, I poured myself a fresh cup of coffee and turned my laptop on. The reason was an embargoed press release from the FCA announcing it was about to undertake a wholesale assessment […]