The company that runs Fidelity’s platforms has posted a loss of £15.9m for the 12 months ended 30 June 2017. Annual accounts posted to Companies House on 22 December for Financial Administration Services, which is the company that operates FundsNetwork and Fidelity Personal Investing, show the loss grew from £15.5m in 2016. The accounts document […]
The funding liabilities for defined benefit pension schemes at FTSE 100 companies rose to £705 billion by the end of last year according to research by JLT Employee Benefits. JLT’s report, based on the IAS19 numbers disclosed in an organisation’s most recently published annual report and accounts, found that only 19 FTSE 100 firms still provide a […]
Fidelity has set aside a further £19m to cover potential liabilities from an administration error in its defined contribution pensions business, which dates back to the end of 2016. Accounts for FIL Holdings (UK), published on Companies House on 22 December, reveal the firm has increased its provision by £19m from £3m, as at 1 […]
High-street moves out of guidance and into IFA territory
By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]
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