The FCA needs to urgently clarify when new advice requirements on pension transfers will be applied, organisations across the pensions industry are warning. In its response to the regulator’s consultation on changes to pension transfer rules, the National Association of Pension Funds says conflicting definitions of money purchase benefits risk confusing when advice needs to […]
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 […]
Scottish Widows has appointed a managing director of bulk annuities and investment strategy as part of a management shake-up. In October Lloyds Banking Group announced Scottish Widows would enter the bulk annuity market. It has now appointed Jeff Sayers, previously insurance divisional risk officer at Lloyds, to lead the proposition. Sayers joined Lloyds in 2013 […]
Tilney Bestinvest has appointed Leon Buckley as director, financial planning as the firm expands its London financial planning practice. Buckley, who will work in the firm’s Mayfair office in London, will report to managing director, financial planning Tim Stalkartt. Since 2010 Buckley has worked at FF&P Wealth Planning dealing with high-net-worth clients, as well as advising partners […]
Index-linked gilts (also known as inflation-linked) can play an important role within an investor’s portfolio,and are a distinct asset class to conventional gilts. While index-linked gilts have a higher duration compared to their conventional counterparts, this duration figure is misleading as inflation-linked bonds do not tend to move in line with their conventional counterparts. Key […]
- Top trends
- Top trends
- Equitable Life sale to bring windfall for policyholders
- Paul Lewis: Financial advisers and journalists are one and the same
- Ian McKenna: Where the Standard Life/Phoenix deal could fall down for advisers
- How much are advisers charging for pension transfers?
- Who were the winners at the Money Marketing Awards?
News and expert analysis straight to your inboxSign up