Trust-based Sipps will continue to be prevented from holding protected rights, according to the latest Department for Work and Pensions update. But Sipp arrangements will be allowed to sit within the wrapper of an appropriate scheme without invalidating its contracted-out status.
Investec Asset Management has made three promotions within its fixed income team.Harsha Patel and Anna Lees-Jones have become co-heads of credit. Patel will be responsible for managing bottom-up credit selection while Lees-Jones will take charge of top-down macro credit decisions. They have 23 years combined experience in portfolio management. Kieran Roane has been promoted to […]
Witan Investment Trust is to pay a second interim dividend of 5p per ordinary share to be paid on April 3, 2006.This represents an increase of 2.3 per cent year-on-year in total and is in line with the board’s intention of growing dividend payments to keep pace with inflation. It makes a total annual distribution […]
Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]
CYBG has completed its takeover of Virgin Money bank in a deal worth £1.7bn today. The parent company of Yorkshire Bank and Clydesdale Bank says the deal will lead to the UK’s “first true national banking competitor to the status quo.” The combined company has over six million customers with around £70bn of customer loans, […]
Protection Review chief executive Kevin Carr looks at recent market events Moving forward on mental health Some say perception is reality and, in a world driven by social media and sensitivity, the way people see things is their truth, regardless of whether their conclusions are accurate or feasible. This is not a bad way to […]
The FCA is proposing new measures to force financial services firms to disclosure how they disclose climate change risk as it zones on in the investments pension funds make. The regulator has released a discussion paper today looking atthe effects that climate change and switching to a low carbon economy will have on the UK’s […]