One of the many unintended consequences of the new pension freedoms is that, while technically people can cash in their pensions, the reality is most providers are unwilling to carry the can should things go wrong. This is most problematic with defined benefits schemes, where the existing scheme will not facilitate encashment. Instead, members must […]
The FCA has fined Merrill Lynch International £13.3m for transaction reporting failures. The regulator says MLI incorrectly reported over 35 million transactions, and failed to report a further 121,387 transactions between November 2007 and November 2014. The fine is the highest ever imposed by the regulator for transaction reporting failures. The FCA says the size […]
Aldermore and Shawbrook look set to break into the FTSE 250 just weeks after floating as challenger banks take the fight to their high-street rivals. On 2 June, the FTSE Group will begin conducting its quarterly review of the 250 index – the 101st to 350th largest companies listed on the stock exchange – to […]
Annuity rates at lowest level for at least two years.
In order to muscle conventional vehicles off the road and become the dominant technology, electric vehicles need to be able to hold their own in three important ways: performance, practicality and affordability. Gail Counihan, Responsible Investment Analyst at Royal London Asset Management, takes a closer look at these three areas. Read the article here Past […]
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