Henderson multi-manager duo Mark Harris and Craig Heron have bought a put option on the FTSE 100. Harris says the team expects a 5 to 10 per cent correction in the short term.
Committee chairman and Aviva protection director Richard Verdin says the group will be looking at protection and the retail distribution review, Solvency II and potential implications for protection, simplifying claims payments and writing policies in trust.
HM Revenue & Customs has told Isa managers to take “no further action” to identify any holdings of kick-out plans until it has concluded its review.
FSA pension-switching advice review
The Labour party has promised it will not raise the basic, higher and new top rates of tax in the next Parliament if elected in May.
According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20% of total wages, the statutory minimum for a new automatic […]
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Latest from Money Marketing
A majority of independent financial advisers think there should be a single rate of tax relief according to this week’s Money Marketing poll. More than 120 advisers took part in the poll with 77 in favour of a single rate of tax relief, 39 against and six undecided. Yellowtail Financial planning managing director Dennis Hall […]
The FCA has issued a warning over ‘commoditised’ defined benefit pension transfers running the risk of unsuitable advice. In a letter sent to advisers holding pension transfer permissions, the regulator reminds planners that a “key area” of its focus is on pension transfers, and that it will later this year be contacting all firms to […]
Problems look set to arise for pension schemes operating relief at source