Lloyds Banking Group says it is prepared to float its 600-strong branch network currently up for sale if an auction does not attract high enough bids. The bank says listing the branches as a separate business is a possibility if the branch sale fails. A spokeswoman says: “The sale has always been part of what […]
LV= has partnered with Barclays Stockbrokers to allow clients on its Sipp to use the bank’s trading platform. The provider says the agreement will benefit both IFAs and individual users of its flexible transitions account Sipp by providing “immediate and direct” access to Barclays’ execution-only trading platform. LV= head of pensions Ray Chinn (pictured) says: […]
M&G is merging its two UK equity income funds in its retail Oeic range. The firm has written to shareholders of the £208 million M&G income fund to seek their approval for the merger of this fund with the £521 million M&G Dividend fund. If approved, the merger will take place in August. Both funds […]
The Government has confirmed it will not introduce a legislative override to allow pension schemes with RPI-linked inflationary increases written into their rules to switch to the CPI. In its official response to a consultation on the impact of using the consumer prices index rather than the retail prices index to measure price increases in […]
By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]
There are plenty of office parties and Christmas events going on at this time of year. But have no fear – you can still stay healthy while going out and enjoying yourself, with a little bit of planning!
Along with all the other firms that provide advice on defined benefit transfers, we received our questionnaire from the FCA about the quantity and nature of cases we have handled since 2015. By the time you read this, the deadline for its return will have passed and those under scrutiny will have breathed a collective […]