Premier Asset Management has recorded pre-tax profits of £1.1m and earnings per share of 1.31p for the year ended September 30.Its funds under management increased to £296m from £250m in 1997.It says that it has successfully launched its Premier Protected Assets Fund.
NPI says it is one of only four major IFA providers to have already complied with PIA guidelines on pension fund withdrawals.It says its drawdown illustration system has been amended to show both critical yield type A and type B on a client specific basis as stated in the PIA guidance notes.Drawdown Product Manager Jim […]
PPP lifetime care director Peter Gatenby is quitting the company because he says there is no longer a job there for him.Gatenby says there was no actuarial role left for him following Guardian Royal Exchange's divisional restructuring on November 12 of this year.He says: "The only role that I would have considered taking was managing […]
The IFA Association has written to all 2,800 member firms to explain its position on phase two of the pension review.The IFAA says it supports speedy redress for clients financially harmed through wrongful adviceBut it wants to create a filter to differentiate between clients advised to take a non-viable transfer and those "who made a […]
Johnson Fleming has launched its new managed auto-enrolment service, designed to support SME businesses of up to 250 employees. The managed auto-enrolment service is not just about providing businesses with a software system for them to manage themselves, but more about outsourcing the administration of the project and scheme to Johnson Fleming’s auto-enrolment staff.
Savers are rushing to top-up their pensions amid fears chancellor Philip Hammond will deliver a further cut to the annual allowance in this month’s Budget, Zurich says. Cash flowing into pensions on Zurich’s investment platform soared 98 per cent in September compared to the annual average, the firm has found. The value of one-off pension […]
Every pound spent on financial education initiates can create more than £5 in social value, a new study finds. Research firm ERS examined the impact of “survival” money management workshops delivered to more than a thousand 16-25-year olds who were either not in work, full-time education or training, or had care responsibilities. They found that […]
Despite pressure to come down on the market like a ton of bricks, the FCA has taken a measured approach to improving standards Another week, another barrage of headlines about an FCA intervention on defined benefit pension transfers. The regulator’s latest missive focuses squarely on the standards and processes advisers employ when carrying out pension […]