Wrap propositions will be limited in their ability to take advantage of the restructuring of pensions investment ahead of A-day because they do not offer fully integrated pension facilities says financial research company Defaqto. A Defaqto report entitled IFA Platforms in the UK says the lack of integration, together with doubts about the scope of the investments that will be permitted, means take-up of wraps by Sipp investors will be held back.
Sarasin Chiswell, formerly Sarasin Investment Management, will include the property investment funds – the proposed UK version of real estate investment trusts – in its new multi-manager global property fund.
PruHealth’s chief executive is determined to change the private medical insurance market with innovative products such as offering lower premiums for healthy lifestyles
Buyout deal at Berkeley JacobsThe management of Berkeley Jacobs Financial Services has reached an outline agreement for a buyout. BJFS, which was fined £175,000 by the FSA for pension unlocking, plans to carry on writing pension unlocking business.
HSBC is revamping its asset management business, with plans to close poorly performing funds and expand better-performing investments.
Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.
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Two thirds of financial advisers could be misleading the public over their qualifications on online directories such as Unbiased and the Money Advice Service, an investigation has found. Research by Which? found that across 43 firms on Unbiased, over 63 per cent of these didn’t have advisers holding the relevant qualifications from the Chartered Institute […]
The Pensions Institute has criticised the “dearth” of new products combining flexibility with a guaranteed income since the launch of the pension freedoms. A “potential crisis of provision and consumer protection within the retirement income market” is looming, the think-tank warns, exacerbated by a lack of consumers seeking advice on complex decisions. A number of […]
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