HMRC is to change the wording of one of its new tax forms for people reclaiming overpaid tax on pension withdrawals, after confusion over who could use it. Form 55 is to be updated because it currently implies it should only be used if “you’ve only taken one payment and do not intend to take […]
Towers Watson and Threadneedle Investments’ parent company are among the bidders circling Russell Investments, the US asset manager being sold by the London Stock Exchange Group. The FT reports an auction process for the business is now in the second round. Russell Investments has $273bn (£177bn) in funds under management and is expected to be […]
Prudential was wrong to block a transfer to a pension scheme it suspected of being a vehicle for a pension liberation scam, the Pensions Ombudsman says. It upheld a complaint from Mr Mark Harrison who said Prudential had refused to act on his request to transfer from a Prudential scheme to the Cheshire Food Services […]
ABI, NAPF and the Trade Union Congress back commission to tackle short-termist political approach to retirement saving.
Ali Unwin, Manager of the Neptune US Opportunities Fund Making America Great Again? Donald Trump has presided over a strong market – or a continued “big fat ugly bubble” in his own parlance – characterised by low volatility and steady top and bottom line growth in most sectors. The market has climbed a ‘wall of […]
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