Pensions minister Mike O’Brien says legislation will be drawn up to allow Pension Protection Fund compensation to be shared in divorce settlements.
The Tories say they will not vote for pension personal accounts unless the issues of means-testing and ensuring light-touch regulation are dealt with.In an interview with the Financial Times this week, Shadow Work and Pensions Secretary Chris Grayling says the Government must counter the damage that means-testing could do to the scheme.He says: “The reality […]
Hargreaves Lansdown head of research Mark Dampier has blasted Towry Law chief executive Andrew Fisher for rating qualifications over experience.Dampier went on the attack after Fisher last week branded experienced financial advisers who do not want to undertake study for further qualifications as “frankly pathetic”.He says: “Andrew Fisher used the analogy of seeing a doctor […]
The FSA has announced it is offering additional RDR consultation sessions for small firms in November and December so that more advisers can have their say on the review.
At the end of last month, I published the interim report of the independent review of generic financial advice that I am leading on behalf of the Treasury.
By Chris Taylor, Manager of the Neptune Japan Opportunities Fund H1 2014 Economy: after a harsh winter that slowed activity in the economy, the main event of the first half of the year has been the debate over what impact the 1 April VAT hike from five to eight per cent would have; we are […]
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Pimco has followed in the footsteps of its US rivals Vanguard and JP Morgan Asset Management to announce it will absorb research costs under Mifid II. The California-headquartered bond manager would not comment on the hit to revenues, Financial News reports. JPMAM confirmed last week it would absorb the costs when the European regulation comes into place at the […]
What does “restricted” advice really mean nowadays? Some see this as a question of semantics, others one of outcomes. Either way, the debate was reignited again a few weeks ago by consumer group Which? and its probe into St James’s Place. In a mystery shopping exercise, it found three of the 12 advisers visited did not […]
Murray has emphasised his commitment to the business