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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Norway’s central bank Norges Bank now holds a 3.1 per cent stake in St James’s Place after the completion of a transaction deal last Friday. As part of its transaction with SJP, Norges Bank’s total number of voting rights will be 529,080,404. SJP posted record gross inflows of £14.6bn in year-end results released last month, […]
Encouraging factors suggest April’s increase in contributions will not lead to higher opt-out rates after all The world of workplace pensions has been transformed in the past six years, but we are on the eve of a vital test as to whether this has all been an illusion. The success of automatic enrolment to date […]
Miton multi-asset star managers David Jane and Anthony Rayner were keen to emphasise pragmatism when launching their new fund earlier this year. The Balanced Multi-Asset fund completes a four-strong range for the team, sitting alongside its Cautious and Defensive Multi-Asset and Cautious Monthly Income vehicles. The fund launched with a 10 per cent cash position. […]