Liberal Democrat trade and industry spokesman Vincent Cable is demanding to know when the Government plans to publish the Penrose Inquiry into the Equitable Life debacle. He says it is apparent the Government is trying to push the whole matter under the rug as it has been more than a year and a half since the inquiry was announced. Cable says he plans to pursue the matter by tabling questions and attempting to secure a debate when Parliament reconvenes in October.
You did not make it clear that my letter, published in Money Marketing last week, was sent to you recently after being sent (but not published) in 1999.If, three years ago, a mere IFA could be predicting what has happened with stakeholder, why did none of the boards of the major pension offices not also […]
In this series of articles, I have been examining the process by which a limited company might be assessed for the possible need for a share purchase arrangement, that is, a strategy by which a deceased shareholder's shares pass to the desired beneficiaries with appropriate payment.In the last article, having identified the need for such […]
As expected, June turned out to be a hectic month, during which I took on 33 new clients. As if that was not enough, I was also trying to help out some very unfortunate Equitable Life members.Having received an updated syllabus for the Cemap bridge paper from the Institute of Financial Services, which was due […]
Charles Helfferich, the York-based IFA who has been writing a diary in Money Marketing of his progress towards achieving the Cemap bridge paper, has passed with merit.Helfferich, a partner with Grosvenor Financial Consultants, says Scottish Widows Bank helped him prepare for the exam, including a training session to introduce him to the Cemap syllabus and […]
Decoding the Fed’s policy-making has become more difficult since it failed to raise interest rates last month. So Artemis’ head of US equities is stock-picking for stability as well as growth.
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Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]