Aviva has sent out letters to 9,000 with-profits policyholders admitting it miscalculated the amount owed to them in the redistribution of its inherited estate.
There are some signs of positive sentiment returning to the commercial property market.
Public sector net debt in Britain swelled to £799 billion, or 56.6% of gross domestic product (GDP) in June, according to the Office for National Statistics (ONS).Net borrowing in the public sector was £13 billion over the month, almost double the £7.5 billion net borrowing in June 2008.Despite the increase, net borrowing fell on a […]
The Conservatives have set out their plans for the abolition of the FSA, with prudential powers to be passed to the Bank of England and a new body to regulate advisers.
Earlier this year, Jelf Employee Benefits mentioned that the then minister for pensions was openly discussing the need for an increase in the minimum level of auto-enrolment pension contributions.
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]