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.
Tilney wins AA rating for hedge
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.
Catherine McGrath
PruHealth’s chief executive is determined to change the private medical insurance market with innovative products such as offering lower premiums for healthy lifestyles
Digest
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.
77% of investors say restore Isa tax concession
HSBC is revamping its asset management business, with plans to close poorly performing funds and expand better-performing investments.
In Focus — February 2015
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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Just offers advisers more than £1,700 for referring clients
Advisers could be paid £1,700 for referring clients to provider Just Group’s financial planners under a new introduction scheme. Advisers can refer clients wanting either retirement income, care funding or equity release advice to Just Group business Hub Referral Solutions. Hub will pay introducer fees and has given example fees for completed referrals as: Retirement […]
Invesco investment trust chair ousted after fees fight
The chairman of the Invesco Perpetual Enhanced Income trust has been ousted from his position in the latest fallout from a fight between Invesco and the trust over its management mandate. In May, Invesco took a surprise move to step down from running the trust after a dispute around fees, leaving the trust hunting for […]
EU rejects govt’s Brexit financial services plan
Europe will lose decision-making autonomy and be worse off under the terms outlined in last week’s Brexit whitepaper from Theresa May’s government, says the EU’s chief negotiator. The UK government scrapped its plans for mutual recognition of regulation in the whitepaper. The whitepaper instead proposes an equivalence model, similar to that used by Singapore and the […]
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