When Neil Woodford announced he was leaving Invesco Perpetual to set up his own fund management business, the industry oscillated between eagerly anticipating his next venture and questioning how Invesco Perpetual would cope without arguably its biggest asset. After all, the top dog of equity income, Woodford had spent the bulk of his career at […]
Just Retirement has seen annuity sales drop by 37 per cent for the three months to 31 March, with total sales also falling 45 per cent. For the quarter, annuity sales tumbled from £338.1m to £213.4m, while total sales fell from £497.3m to £276.1m. For the nine months to March annuity sales were down 15 […]
Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.
The FCA is in discussions with industry representatives and lawyers on its approach to insistent clients. Any saver who wants to ditch their defined benefit scheme for a defined contribution plan to take advantage of the new pension freedoms will be required to take advice before transferring. Industry experts have raised concerns that advisers who […]
Welcome to the latest update for The Brunner Investment Trust PLC from the Trust’s portfolio manager, Lucy Macdonald. Market Review Global equities have rallied over the first quarter of 2017, buoyed by signs of strengthening growth and optimism over company earnings, although this rally has faded towards the quarter end. US equities posted their strongest […]
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