Key Retirement Solutions has revealed that new equity-release lending was down by more than 40 per cent in the second half of 2009. In its latest report, the brokerage found the overall value of new lending fell to 189m from 319m in 2008.
Conservative MP Ed Vaizey has accused the Treasury of “washing its hands” of the investors who lost millions of pounds in structured products backed by Lehman Brothers following the bank’s collapse last year.
The world’s strongest currency in November was not the US dollar, despite the greenback rallying 3.5% against the euro, 8.7% against the Japanese yen and over 8.6% versus the Mexican peso and the Turkish lira up to yesterday’s close. The strongest currency last month was sterling, which had strengthened 2.2% versus even the mighty US […]
You may have seen some reporting on St James’s Place’s charges over the weekend courtesy of The Sunday Times. First up, kudos for continuing to push such an influential but guarded firm on such an important topic. Specifically, the claim was made that on a £1m pot invested over 20 years, clients would see almost […]
Platforms that have well-developed drawdown solutions will be best placed to help advisers navigate clients through retirement, says Seven Investment Management. 7IM head of intermediary Verona Kenny says platforms with strong offerings in the drawdown space are vital for proper client management. Speaking to Money Marketing, Kenny says: “Challenges for advisers to navigate include ensuring […]
There is an opportunity to abolish the tapered annual allowance and reform pensions tax relief more widely under Boris Johnson’s incoming government, experts say. The MP for Uxbridge and South Ruislip was elected leader of the Conservative party today and will take over as prime minister tomorrow. Johnson beat off challenger and foreign secretary Jeremy Hunt […]