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.
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RLAM’s Head of Credit, Eric Holt recaps 2017 and outlines prospects for credit strategies in our brief video. Watch the video here Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]
The Financial Services Compensation Scheme estimates it will pay out £6m over collapsed discretionary fund manager Strand Capital. An administrator’s report published earlier in January shed light on a host of failings that led to the collapse of the firm, which was put into special administration back in May last year. London-based Strand, which had around […]
Regulatory change can leave firms struggling to keep pace and maintain effective compliance. To ensure a successful and sustainable response to regulatory change, firms should consider the following areas. Culture Culture is the foundation of any business and if a firm’s culture is not sufficiently client-focused it will be unable to consistently deliver the right […]