A predominant theme in the world of pensions over the past 10 years has been constant change. But even against this backdrop of habitual and perpetual alterations, the first six months of this year look particularly full of significant developments. Pension tax relief The Budget in March brings two that could have major implications on the […]
Barclays is to cut around 1,200 jobs, with job cuts focused in its Asian investment banking division. The BBC reports that investment banking operations in Australia, South Korea, Taiwan, Indonesia, Malaysia, the Philippines and Thailand will all be closed down. Services will be offered from other locations. The bank is pulling out of Russia completely […]
HSBC is to hold a board meeting this week to decide whether the bank will move its headquarters away from the UK. The 20-person group board will hold a two-day meeting at the end of the week in Hong Kong to make a decision on the move, a source told the Daily Telegraph. HSBC, which has […]
MPs are set to debate the failings of the FCA, including its handling of the Connaught fund and missold interest rate hedging products, in a three-hour House of Commons session on 1 February 2016. Conservative MP for Aberconwy Guto Bebb will table the motion “this House believes that the Financial Conduct Authority in its current […]
Over the last seven years you have probably read countless articles and had endless discussions about when the Federal Reserve (Fed) is next going to hike. The chart below shows the Fed Funds rate implied by the market at the beginning of each year since 2010. The Fed did finally edge rates higher in December […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]