Egg is revamping the online service it provides its customers.
The service will provide customers with up-to-date information about their savings accounts and will allow them to transfer money to and from other accounts.
The site has had 300,000 visitors since its launch in mid October.
William M Mercer says that employers will have to redesign their company pension schemes if the Government's state second pension scheme goes ahead.The pension consultant and IFA says the second scheme will deliver higher benefits to lower earners and force companies to revamp occupational schemes to make them more attractive.Senior consultant Harvie Brown says: "In […]
Halifax is spending £1.8m on a television advertising campaign to promote its range of tax free savings products.The main aim of the campaign is to increase the profile of its Individual Savings Account range which will be available from April 6.The bank says the campaign has been designed to raise awareness among its customers of […]
Funds under management in Guernsey picked up in the last quarter of 1998 following falls in the second and third quarter.In the last quarter, the value of assets under management increased by just under £1bn, an increase of 6.6 per cent to reach £15.7bn.The total number of funds reached 393. Guernsey says that 33 other […]
Skipton has posted record results with pre-tax profits up 8 per cent to £40.1m.Group gross mortgage lending was up 22 per cent to £842.7m and assets increased 16 per cent to £4,377m. Skipton chief executive John Goodfellow says: "The market within which we operate is becoming ever more competitive and this is reflected in the […]
In this short video, Martin Foden, head of credit research at Royal London Asset Management, discusses how convenience is affecting the construction of fixed income portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]
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Intrinsic must compensate a client for the pension transfer advice it gave them. According to a Financial Ombudsman Service decision, in 2015 Mrs C was told to transfer her two existing personal pensions valued around £80,000 to a new Sipp provider. This money was placed in a scheme where Mrs C could adopt a dynamic […]
“There is nothing permanent except change”, so said the “weeping philosopher” Heraclitus circa 500 BC. Few would argue change was not needed in the retirement income market; it is just no one expected it to be so inorganic and non-negotiable. The impact of the pension freedoms Budget bombshell in 2014 was immediate and significant. Revisiting […]
True Potential has grown assets in its discretionary portfolios by £2.1bn in 2017. In its annual results, published today, the platform says it has attracted £3.8bn assets in its in-house funds in 2017, up from £1.7bn in the previous year. Assets into the funds were at £0.7bn in 2015. Since launch in October 2015, True […]
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