Insurance broker Goodfellow is launching a new income protection policy that will offer a tax -free cushion of up to £12,000 irrespective of gender, age or occupation.
House prices continued to flourish in January, increasing by 2.2 per cent compared with 2 per cent in December, according to Halifax's monthly house price index. The average house cost was £145,610 in January compared with £142,408 in Dec-ember while the average price paid by a first-time buyer passed £100,000 for the first time at […]
Pensions minister Andrew Smith has presented the Pensions Bill to the House of Commons. The bill, which aims to strengthen the rights of individuals with benefits in final salary schemes, will be published tomorrow morning. It is also expected to set out the structure of the pension protection fund.
Scottish National Party MP Alex Salmond has challenged the Treasury over its financial reserve requirements for mutual companies. Salmond raised fears over the future of demutualised life companies in a debate at Westminster Hall in London last week. He is concerned that Standard's mutuality review could see the company taken over by a rival, similar […]
Winterthur Life is offering a new tool it says will help IFAs maximise their clients' chances of achieving their financial goals. The portfolio balancer, an online portfolio planning and asset allocation program, includes a simulator which helps advisers work out the statistical probability of achieving their clients' goals through stochastic modelling techniques, target asset allocations […]
As more and more employers reach their auto-enrolment staging date, thousands of HR, pensions and finance professionals have been tasked with navigating the minefield of ongoing scheme governance and auditing with little support.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]