IFAs no longer have to be Bankhall members to benefit from preferential PI terms offered by NCG Professional Risks. The commercial insurance broker, which specialises in professional indemnity cover for financial services businesses, says it is removing the restriction on its preferential terms which can save IFAs as much as 10 per cent on their […]
Last month, the Financial Ombudsman Service spelt out what many in the market had feared by confirming that advisers are likely to bear at least some of the brunt of Chancellor Gordon Brown’s shock decision to bar residential property in Sipps.
The Legg Mason value trust managed by Bill Miller has beaten the S&P 500 for an unprecedented 15th consec-utive year. The fund delivered a 5.32 per cent return last year compared with the index’s 4.91 per cent. Over five years to December 31, the portfolio is up by 4.5 per cent compared with the S&P’s […]
Defined benefit transfers have passed the £60bn mark since the pension freedoms started in 2015, a Freedom of Information Act Request reveals. Provider Royal London asked The Pensions Regulator to supply the 2018/19 data on the volume of transfers out of DB pension schemes and the value of those transfers. It also asked the watchdog […]
You may have seen some reporting on St James’s Place’s charges over the weekend courtesy of The Sunday Times. First up, kudos for continuing to push such an influential but guarded firm on such an important topic. Specifically, the claim was made that on a £1m pot invested over 20 years, clients would see almost […]
Platforms that have well-developed drawdown solutions will be best placed to help advisers navigate clients through retirement, says Seven Investment Management. 7IM head of intermediary Verona Kenny says platforms with strong offerings in the drawdown space are vital for proper client management. Speaking to Money Marketing, Kenny says: “Challenges for advisers to navigate include ensuring […]