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Government about-face on Child Trusts

Pressure from the investment industry has resulted in a U-turn in Government policy on its Child Trust Fund initiative. A Treasury paper to be published later this month will reveal the funds will be equity-based instead of cash-based. The paper will also call on fund managers to establish stakeholder-compliant funds for parents not wanting to make investment decisions themselves. However the industry only sees this as a partial victory as no more than 60 per cent of a fund will be able to be invested in equities.

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Life offices still face tough time despite market boost

Rating agency Fitch is warning against complacency and over-confidence in the UK life insurance sector despite the recent lift in equity markets and it is maintaining its negative outlook for the sector.Fitch says there are still “significant challenges and difficulties ahead”, with consolidation meaning that the weaker and “less well positioned” players will continue to […]

Thrift wins out over romance

Being able to manage money makes people more attractive to the opposite sex than good dress sense or owning your own home, according to Halifax research.Ninety-one per cent rank a good personality as the most appealing characteristic in a potential partner, followed by 89 per cent who rate a good sense of humour highly.Skill with […]

Out of context

•”Three people over dinner last night told me that I didn&#39t look like Shrek.” – Bankhall&#39s Peter Mann.•”I&#39m sure I was Shep in a previous life.” – Abbey National for Intermediaries&#39 senior key relationship manager Lawrence Gilgallon discusses a pilgrimage to the Blue Peter garden.•”There is definitely fish in that icecream.” – Abbey National for […]

DB transfers – one more factor to consider

Jim Grant – Senior Product Insight & Technical Support Analyst We look at how higher DB transfer values could cause a lifetime allowance issue and how that affects the advice process. Advisers are receiving an increasing number of requests from clients looking to transfer their pension from final salary schemes to personal pensions. This is a […]

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