Aviva is planning to remove restrictions on its equity release offering, allowing customers to access up to 100 per cent of the available loan up front. The decision comes as part of a revamp of the insurers equity release offering. The firm currently imposes a 75 per cent restriction on its lifestyle flexible option. Following […]
The Financial Stability Board, made up of the world’s central banks and financial regulators, has expressed concern about the rapid growth and increasing complexity of the exchange traded fund market. In a note published yesterday by the FSB, the board says regulatory and supervisory authorities need to be aware of a number of “disquieting developments” […]
When the team at Oakwood began researching the wrap market in 2010, we had a number of questions and issues to satisfy. The most important of these was definitely -will it be of benefit to the client and what will the client gain? We felt a good platform can help achieve this by adopting a […]
HSBC Global Asset Management is offering a quartet of exchange traded funds designed to give investors exposure to emerging markets. The HSBC MSCI Korea, Indonesia, Malaysia and Taiwan ETFs have all been made available on the London Stock Exchange and will have a total expense ratio of 0.6 per cent. The launches bring HSBC’s total […]
What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.
Auto-enrolment is a much-celebrated success, with around 10 million workers now belonging to pension schemes chosen by their employers. Unfortunately, however, the complexities of pension administration have created a major problem that has the potential to undermine confidence in it. The last thing we need is another pensions scandal splashed across the front pages. Pension […]
The pound dropped to its lowest level since June 2017 today as media reports emerged prime minister Theresa May will delay a parliamentary vote on her Brexit deal. There have been widespread reports the critical vote scheduled for tomorrow is going to be delayed with May scheduled to address MPs later this afternoon. The pound […]
Less than one in twenty consumers are aware their pension is 100 per cent protected by the Financial Services Compensation Scheme if directly managed under a life insurance contract, research has found. The FSCS consumer survey by Populus also found 49 per cent of respondents do not think FSCS protection applied to pension products. The lifeboat scheme […]