Plans for a flat-rate state pension of £140 should be warmly welcomed. It removes concerns about Nest’s interaction with means-testing and creates a simple solid foundation for individuals to save more for their future. Important details of the reform still need to be ironed out but once again the Government must be congratulated for its pension proposals.
Darlington Building Society – 2-Year Discount Mortgage
Commerzbank Corporates & Markets has launched a Chinese equity fund through a joint venture with the Beijing-based China Asset Management. Managed by Michael Wen and Edward Wang, the Commerzbank China Volatility fund is a Ucits compliant Luxembourg Sicav, and invests in 30-60 Chinese companies using an all capitalisation investment strategy. The fund uses a mechanism […]
The Government is to create junior Isas which can invest in stocks and shares or cash offering tax-free returns with a contribution cap and no Government contribution.
Last week’s Westminster Hall debate and Treasury select committee hearing suggest there are a significant number of MPs with serious RDR concerns. The IFA community and MPs deserved better than the response given by Treasury financial secretary Mark Hoban during the debate. The comparison with a McDonald’s diploma in shift work was a deliberately antagonistic […]
Have you ever wondered what happens to someone’s investment bond on their death if it is not written in trust? When someone dies it is essential to deal with their estate, which can be made up of their home, belongings, investment bonds and anything else they may have owned. But, it is not as simple […]
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Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]
Building on auto-enrolment’s success and fine tuning the pensions dashboard are high on the list As I write my first Money Marketing column of the year, it has given me an opportunity to look back on what the Government has done to transform pensions and savings for people since 2010. Five years on from the […]