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AJ Bell wins Sipp charges complaint

AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]

Leap of faith: Will performance fees restore trust in active managers?

Performance fees are in the spotlight, but will they work for active managers? Fund managers are starting to rethink how they charge as big names take on the competition with new performance-linked models. Last week, Fidelity International announced a radical move to a so-called fulcrum fee, igniting a debate on whether performance-aligned fees could be a […]

OMGI could land in Australian hands in sale from Old Mutual

Old Mutual Global Investors could land in Australian hands in its sale from Old Mutual. Challenger and Macquarie Investment Management are among bidders for the single strategy asset management division, Sky News reports. Hellman & Friedman were among the private equity houses that were sounded out by Old Mutual, alongside Cinven and CVC Capital Partners. But earlier this month Old […]

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Ombudsman upholds complaint about 1989 pension transfer

The Financial Ombudsman Service has upheld a complaint that a client was given “fundamentally bad advice” to transfer out of a company pension nearly 30 years ago. In 1989, financial advice firm The Analysts recommended that a client, referred to as Mr F, should transfer his preserved pension benefits in the Mars Pension Plan into […]

Tax year-end planning for annual allowance

Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]

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