Pre-tax investment returns generated by Legal & General’s with-profits funds dropped to 3.1 per cent in 2015, down from 10 per cent a year previously. This compared to 8.5 per cent over 25 years and 5.5 per cent over the last decade. In addition, the insurer added bonuses totalling £366m to its with-profits policies last […]
Aegon has revealed rapidly increasing assets under administration in its platform business even as earnings for the full year inch downwards. In its results published today, the firm showed 2015 earnings of £91m, down from £92m for the previous year. On a quarterly basis, earnings for the final three months also dipped, falling 17 per […]
Auto-enrolment scheme Now: Pensions is to top-up up savings of its non-taxpaying customers who are missing out on tax relief because of an administrative quirk. The provider – like most occupational and trust-based schemes – uses a net pay model of distributing tax relief on pension contributions. However, because the starting rate of income […]
Research suggests the fledgling robo-advice market will be dominated by just three to five providers as active managers struggle to turn a profit. The research consultancy Finalytiq predicts start-up robo-advice firms will “fall by the way side” due to the high cost of acquiring clients and the strength of established passive fund managers. In its […]
Most investors are better off than they were 12 months ago despite the summer’s volatility. Will next year bring the (delayed) global slowdown? Artemis’ senior partner weighs up the factors.
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