Lynne Jones

Freelance Sub Editor

The holy grail of corporate wraps

Steve Bee on how Paradigm’s new employee benefits service will enable advisers to take advantage of the upcoming pension reforms.

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Sense of fairness

Association of Consulting Actuaries chairman Stuart Southall says fairness for all is central to the ACA’s theme for pension reform Lee Jones reports

Chadney Bulgin goes fully fee-based for loan advice

Chadney Bulgin is to become fully fee-based for mortgage advice after a successful six-month trial. The IFA, which already has a fee-based structure for pension and investment advice, says it has switched remuneration structures for mortgage advice to ensure clients get a truly whole of market service. Mortgage partner Jonathan Clark says: “We want to […]

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Two-thirds of CFEB’s 800 volunteers are IFAs

Two-thirds of the 600 volunteers running the Consumer Financial Education Body’s workplace seminars are IFAs. The CFEB’s Making The Most of Money seminars run in 800 workplaces throughout the country and are part of the body’s remit to offer free financial planning to employees. It says it has 600 volunteers and around 400 are IFAs. […]

Fee for all

Lee Jones reports on a marked move by mortgage brokers to charging fees for advice

£6K annual pension top-up is needed

The UK has the biggest pension gap in Europe, standing at £318bn, according to Aviva. The company says the average UK person due to retire between 2011 and 2051 needs to save an additional £10,300 a year to close the gap. Germany has an average individual pension gap of £9,700, France has a gap of […]

New Saga chief Altmann pledges to shake up Omo

Incoming Saga director general Ros Altmann has vowed to shake up the open market option for the company’s 2.7 million customers. Altmann, who will take up the newly created role at Saga next week, wants to use her position to promote Omo through education and says she will make sure Saga’s annuity service “has the […]

MPC member calls for more QE

The Bank of England should instigate a second round of quantitative easing, according to Monetary Policy Committee member Adam Posen. Speaking to the Hull and Humber Chamber of Commerce in Hull this afternoon, Posen said policy makers faced an “uphill battle” in steering economies towards a sustained recovery and as such have to take aggressive […]

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Miliband: We would be making painful cuts too

New Labour leader Ed Miliband has stressed he will not oppose all the cuts proposed by the Government in the coming weeks. Speaking at the Labour annual conference in Manchester this afternoon, Miliband said he would not oppose all the Coalition’s cuts and wants Britain to learn its lessons as it reduces the deficit. He […]

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IMF says UK is on the mend

The International Monetary Fund says it is confident that the UK economy is moving in the right direction but is still concerned by persistently high inflation. In its annual assessment of the UK economy, the IMF says the coalition’s deficit reduction plan has improved confidence and while it will stifle growth over the medium term, […]

Home alone

The number of new houses started in 2008/09 is down by 42 per cent on the previous year, which is leading to concerns about a lack of supply of rental property coming into the market. At the same time, demand for private rented property has been increasing steadily due to demographic changes and constraints facing […]

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Skandia wants LTA axed to boost saving

Skandia is urging HM Revenue & Customs to scrap the lifetime allowance on pension savings in an attempt to help more people save for retirement. The Government is currently consulting on reducing the lifetime allowance from £1.8bn to £1.5bn. It is also considering lowering the annual allowance from £245,000 to between £30,000 and £45,000 a […]