Bank of Scotland Offshore has introduced save + invest, which combines an offshore unit-linked bond with a fixed interest savings account. The unit-linked bond element – called the capital investment portfolio – invests in a range of funds managed by Scottish Provident International. Although it is investing for growth, up to 10 per cent may […]
There is much excitement at the Association of British Insurers. The Chancellor, it is reported, has agreed to consider alternatives to boring old annuity contracts on the condition that the new plans continue to guarantee an income for life. This is excellent news for the ABI which has not had much to cheer about in […]
The thorny problem of Equitable's guaranteed annuity liabilities has still to be tackled despite the Halifax deal for the salesforce, admin and fund management. Halifax will pay a further £250m to Equitable if policyholders reach an agreement but it will not be involved in working out a compromise. Equitable will be battling it out alone […]
Over the last few weeks, I have been looking at the concepts of diversification within an investment portfolio, the reduction of risk or volatility arising from this diversification and, most important, the issues of correlation between assets. The nirvana of achieving a mix of investments approaching the efficient frontier has been explained and discussed. Here, […]
By Jim Grant, Senior Product Insight & Technical Support Analyst 6 April 2016 brought in changes to employer duties for directors and partners in limited liability partnerships. Here we explain exactly what’s changed. Before 6 April 2016… Directors of limited liability companies where there were no other directors or employees were exempt from the employer […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]