FCA and Treasury to face MPs over advice review

Treasury minister Harriet Baldwin is among the senior policymakers expected to attend two oral evidence sessions of the Work and Pensions select committee next month. Baldwin is set to give evidence on 16 September as part of the committee’s probe into the availability and affordability of financial advice in the aftermath of the introduction of […]

Ros Altmann

Pensions minister rules out means-tested state pension

Pensions minister Baroness Ros Altmann has ruled out the Government returning an element of means-testing to the state pension, warning it would “undermine” saving. A recent survey of 208 advisers conducted by Aegon found only 4 per cent think the state pension will be in its current form in 30 years’ time. In addition, two […]


Brokers confident they can maintain market dominance

Brokers are confident they can maintain their dominance in the mortgage market over the next year, according to a poll by Money Marketing sister-title Mortgage Strategy. Last month, Mortgage Strategy reported that brokers had a market share of 69 per cent in the second quarter – 30 basis points off the previous high in Q1 […]

M&G’s Fishwick to take over Somel’s £881m Managed Growth fund

M&G’s multi-asset investment architect Dave Fishwick is to replace Randeep Somel as manager of the £881m M&G Managed Growth fund. Somel, who has been manager of the fund since 2013, will now focus on running the £2.2bn M&G Global Basics fund. M&G says the Managed Growth fund will not change its objectives or policy and […]

Planning now for the residence nil-rate band

Graeme Robb, senior technical manager at Prudential, writes about the residence nil-rate band and the advice opportunities it presents for you when tax year-end planning with your clients. On our Planning Matters hub, we considered a widow, Margaret, and a married couple, John and Anne, for whom the residence nil-rate band (RNRB) is influencing planning […]


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