US insurer MetLife is set to follow American rival Hart-ford Life into the UK market with onshore and offshore investment bonds and a Sipp product. MetLife is preparing a move into the UK by the second quarter. The firm is lining up a series of external fund links for its bond offerings and is in […]
Falcon Group holding company Sumus has announced a 28 per cent increase in turnover for the first quarter of its financial year from 2.6m to 3.3m. The firm now has 133 advisers and says it is reviewing acquisition opportunities.
Standard Life has written to the Revenue seeking confirm-ation that the Government will not perform another Sipp U-turn and block tax breaks for private companies investing in their own businesses. Head of pensions policy John Lawson says directors of limited companies with SSASs can switch their assets into a Sipp to take advantage of Sipps’ […]
Strong demand for personal pensions last year offset fall- ing protection and annuities sales and helped increase Legal & General’s fourth-quarter new business flows. The firm saw a 29 per cent rise in UK new business to 292m from 227m in the same period in 2004. New regular-premium pension business increased by 33 per cent […]
Data from open banking will change what clients expect from savings, pensions and investments What does a recently published report on the progress of open banking have to do with financial planning? The answer is – a great deal. The report in question, Open Banking: Preparing for Lift Off, is a refreshingly candid analysis of […]
Close Brothers Asset Management has appointed ex-Brewin Dolphin’s Philip Young (pictured right) as managing director. The company has also poached Lucy Katzarova from Brewin Dolphin as investment manager in a bid to expand its investment management service for high net worth clients. The news coincides with Close Brothers opening a new larger office in Mayfair […]
The FCA has published a new video for consumers to help them understand pension transfer advice. The video, fronted by Mark Gould from the regulator’s communication team, runs through what clients should expect when discussing a defined benefit transfer with an adviser, and the kind of process advisers should be following with them. At the […]