Equitable Life has completed the transfer of the bulk of its non-profit pension annuity business, comprising around 130,000 policies worth £4.61bn, to Canada Life. This is the biggest transfer of a non-profit annuity portfolio in the UK.
Invesco Perpetual has taken a 15 per cent stake in A J Bell and Midas Capital Partners has increased its stake to 15 per cent in a deal that makes founder Andy Bell £9m.The move sees the two investment firms invest £14m by way of a purchase of existing shares.Bell has reduced his stake in […]
In 1988, I gave myself the advice to opt out of Serps and used an NPI personal pension to do this. I am now 61 and have decided to make use of the fund available which is just short of £40,000. Under current legislation, I can get get a quarter of this, very nearly £10,000 […]
What an interesting if confusing piece was Antony Williams’ My Beautiful Wrap column of February 8. He says his “very wealthy clients” would not pay the initial charge to Transact. Presumably, on their paths to becoming very wealthy, they will have invested money in some kind of financial instruments. One can only assume that Mr […]
Auto-enrolment poses significant risks to some workers.
Alex Ralph, manager of the Artemis High Income Fund, sees further pressure on government bonds as inflationary pressures build on both sides of the Atlantic.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]