Investment giant BlackRock has taken a 3.3 per cent stake in platform Nucleus following the business’ listing on AIM last week. Nucleus floated on Thursday with a market valuation of £140m. According to the platform’s admission document, vertically integrated firm Sanlam still holds a majority stake in Nucleus, maintaining the 52.2 per cent holding it […]
Savers withdrew £2.3bn using the pension freedoms in the second quarter of this year, according to data from HM Revenue and Customs. This is an increase of 35 per cent compared to the first quarter of the year when £1.7bn was withdrawn. There were 574,000 payments made to 264,000 people over the second quarter which […]
Full self-invested personal pensions have become the most desired product for advisers on investment platforms, according to new research. The report, based on a survey of nearly 1,000 UK financial advisers by consultancy CoreData Research, asked advisers what products and services they would like to see on platforms. It shows full Sipps have risen to […]
Robo-advice firm Wealth Wizards is to start a service that will give advisers more information about the drivers behind the advice they decide to give. The service is expected to launch in the next 12 months. The service will use the firm’s white-labelled robo-paraplanner tool Turo, which was launched in March. That service can provide […]
Jelf Employee Benefits explores the draft Income Tax (Recommended Medical Treatment) Regulations 2014 and why intervention is such an important aspect of absence management.
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