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 […]
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]