The High Court has wound up a scam property fund which took £880,000 from investors and promised returns of up to 51 per cent a year. The FCA says the fund was wound up earlier this month at its request and a liquidator appointed to investigate Hermay’s activities. The regulator says the firm had been […]
The lifetime allowance is a contentious subject; many like me feel it is unfair to test benefits as they are paid in and when they are paid out. You cannot and really should not try and limit the growth of your pension fund, so the lifetime allowance charge is unfair and is just an easy […]
Scottish Widows has sold its offshore life business Clerical Medical to investment group RL360. Clerical Medical has been running as a closed business since March 2012 after Scottish Widows parent Lloyds Bank moved to refocus on core UK banking and insurance operations. The business consists of around 24,000 policies, with over £5bn assets under management, […]
The Money Advice Service’s directory of at-retirement advisers has been branded “not fit for purpose” after it launched with a number of technical issues. The directory is in beta mode and features 4,500 advisers from 1,200 firms. Those using the Government’s Pension Wise guidance service will be pointed to the directory if they wish to […]
Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]
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