Aifa has launched a website to help consumers find advice on contracting out. The website lists by region IFA firms which are willing to discuss the pros and cons of contracting out and gives advice to consumers currently without an adviser.
Downing is introducing a further two venture capital trusts before the April deadline, including a protected product aimed at more cautious investors. It hopes to attract 40m for the Downing VCT4 and Protected 5 VCT. The Protected 5 VCT will be more cautiously managed and focus on capital preservation, with wind-up expected in around five […]
By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]
Veteran fund manager Martin Gilbert is to step down from the board of Standard Life Aberdeen to take up a role as the chairman of a digital bank Revolut, according to the Financial Times. Gilbert helped found Aberdeen Asset Management and shared chief executive duties with Keith Skeoch after the firm’s merger with Standard Life. […]
Standard Life Aberdeen said it has settled its dispute with Lloyds Banking Group, which will see the bank pay a settlement of £140m after terminating the investment manager’s contract to run its £109bn Scottish Widows mandate. In March, the arbitral tribunal ruled that Lloyds did not have the right to terminate the investment management arrangements. […]
Interactive Investor has removed exit fees for Alliance Trust Savings customers following the completion of the £40m acquisition on 1 July. The move brings ATS customers in line with the II platform and applies to all direct customers, IFA and partnerships. It comes ahead of the direct ATS investors’ migration onto the II platform, which is expected […]