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 […]
Savers are rushing to top-up their pensions amid fears chancellor Philip Hammond will deliver a further cut to the annual allowance in this month’s Budget, Zurich says. Cash flowing into pensions on Zurich’s investment platform soared 98 per cent in September compared to the annual average, the firm has found. The value of one-off pension […]
Every pound spent on financial education initiates can create more than £5 in social value, a new study finds. Research firm ERS examined the impact of “survival” money management workshops delivered to more than a thousand 16-25-year olds who were either not in work, full-time education or training, or had care responsibilities. They found that […]
Despite pressure to come down on the market like a ton of bricks, the FCA has taken a measured approach to improving standards Another week, another barrage of headlines about an FCA intervention on defined benefit pension transfers. The regulator’s latest missive focuses squarely on the standards and processes advisers employ when carrying out pension […]