Tuesday, March 5, 2002Type: Guaranteed growth bondMinimum-maximum investment: £3,000-no maximumTerm: Five yearsCharges: ImplicitReturn: Up to 200% of average growth in HSBC UK growth& income, JPMorgan Fleming premier equity growth, NewStar UK growth, Newton income, Norwich Union European equity andThreadneedle American select growthGuarantee: Choice of 80%, 90% or 100% of capital returned in full atend of […]
Bradford & Bingley's specialist lending arm Mortgage Express is launching a new internet service for IFAs allowing them to conduct business online.Mx-online provides quotations, automated decisions in principle and allows submission of applications and “real time” case tracking.Advisers can also develop online buy-to-let portfolios for clients such as landlords. Client details are stored so only […]
Tax experts have dismissed calls from Opposition MPs, unions and the pension industry to reinstate advance corporation tax credits on pension schemes, claiming such a move would fall foul of a European Court of Justice ruling.Despite intense lobbying by opponents, including Lab-our MP Frank Field, for a full or partial reinstatement of ACT credits abolished […]
Reform of the minimum funding requirement may be the first good news that final-salary pension schemes have had in a long time but many people in the industry believe it does not go far enough to be their saviour.In the face of a tide of highprofile final-salary closures, the Government hopes the proposals will go […]
At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.
Close to 15,000 people have pushed back against alleged government plans to shelve the pensions dashboard by signing a petition. This week it was reported secretary of state for work and pensions Esther McVey’s was moving to scrap the project. The petition, hosted by 38degrees, has collected 14,377 of a target 15,000 signatures in just […]
Back in May, I wrote about the pressures building in advice firms due to a shortage of highly skilled staff and the consequent costs in recruiting. With Apfa research finding profits from retail investment advice fell 16 per cent between 2014 and 2016, I thought businesses faced a worrying future. But last month’s FCA Data […]
The Pensions Regulator has appointed an independent trustee for the 15 schemes linked to the now shuttered Fast Pensions. Fast Pensions and five connected companies were wound up at the High Court in May. According to an Insolvency Service statement, it is estimated around 520 people were persuaded to transfer a total of at least […]