The British Medical Association has written to chancellor Philip Hammond that doctors will start to reduce their working hours unless reforms are made to the NHS pension scheme. In the latest of several letters to the Hammond, the BMA says current pension and tax rules are creating a “perfect storm” in the NHS workforce. It […]
Not allowing a dashboard provider to record any of the data obtained will prove a massive barrier to advice processes The pensions dashboard project has been very much a stop-start affair. It has suffered massively because of Brexit; so much so, it is hard to see how the original delivery timescale of this year will […]
Survey sheds light on what advisers want from provider representatives Advisers continue to be frustrated about access to business development managers at leading providers, despite visits happening on a more regular basis. The latest BDM Quality Census from recruitment consultancy BWD shows there has been a significant jump in the proportion of advisers seeing a […]
Lloyds Banking Group profits have fallen below market expectations, as the bank took a hit of some £339m for cutting its contract short with Standard Life Aberdeen, a quarterly update today shows. Earlier this year, SLA won a dispute with Lloyds over a £109bn investment mandate deal, from which the bank withdrew abruptly last year. […]
The final stages of a sell-off can be the most interesting, says Simon Edelsten, manager of the Global Select Fund. It is not a matter of calling the ‘bottom’. Instead, investors should focus on selected stocks’ prospects over the longer term.
The European markets regulator has expressed concern UK finance companies could make use of loopholes between the UK and EU after Brexit, according to the Financial Times. Speaking at a conference in London, the European Securities and Markets Authority chair Steve Maijoor said this was one of the reasons Esma is seeking to directly supervise […]
Theresa May’s announcement from earlier today that she will step down as prime minister on Friday 7 June brought a new direction to deadlocked British political scene. Yet figures from the investment management sector say her resignation does not spell the end of uncertainty, which has been holding back investment decisions. Hermes Investment Management chief […]
The FCA’s Intergenerational Differences paper highlights the difficulties that people in their late 30s to early 50s face in saving for retirement. How can the industry improve their prospects? Grouping people according to age, gender, marital status and how wealthy they are is something product providers and advice firms do to tailor their services to […]