Figures were boosted elsewhere in the business, particularly with a 17 per cent increase in assets at LGIM.
I like to help people. I can’t help myself, it is ingrained in me – initially from my parents, and then corporate training from the high street banks in my early career. Sometimes however, working in the financial services industry can be, how can I put this nicely, taxing. I am constantly surprised by a […]
Advisers must explain how ‘mortality drag’ means funds in drawdown must produce increasingly higher returns to match an annuity, a report claims. The paper, written by Retirement Intelligence director Billy Burrows for Partnership, warns that the “invisible force” of mortality drag means drawdown becomes less attractive relative to an annuity as a customer ages. Mortality […]
Offences relate to trading in shares of IT firm Logica.
By Fiona Tait, pensions specialist The chancellor’s announcement of proposed cuts to the Money Purchase Annual Allowance means it will be more important than ever to be able to tell your PCLS from your UFPLS What was in the statement? Not much. The chancellor spared three sentences to inform us that the Money Purchase Annual Allowance will be reduced […]
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