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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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
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The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]