Aviva is looking to close its staff final-salary pension scheme to new contributions as well as closing the RAC final-salary scheme to new entrants, which face a combined deficit of £3bn.
Axa Elevate is offering some adviser firms more competitive prices for using the platform, depending on factors such as average case size submitted by firms and the number of registered individuals. In January, Elevate removed the 1.5 per cent initial charge on its bundled pricing option but kept a 0.5 per cent charge on its […]
Kim Catechis, head of global emerging market equities at Swip, and Alistair Reynolds, investment director, global emerging market equities, areboth leaving the group to join Martin Currie.
Ten-year gilt yields could rise as high as 5 per cent if the general election results in a hung Parliament On Tuesday, 10-year gilts were yielding 4.06 per cent. A hung Parliament could lead to a short-term increase in yields if no common fiscal plan can be devised. Henderson head of retail fixed income John […]
Partnership is set to move back into the equity-release market, claiming it is “a logical” step for the business. The enhanced annuity and long-term care provider will use its annuity book to back lending, like its rival Just Retirement. The firm pulled out of lifetime mortgages in May 2008 and home reversion in February 2009. […]
By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]