Just Retirement says A-Day seems to have encouraged more people to shop around for the best annuity at retirement – with latest ABI sales data showing that more than 50 per cent of funds took the Open Market Option.
Credit Suisse’s PR firm (three guesses, anyone?) were left counting the cost of the decision of Gary Potter and Robert Burdett to leave the firm last week. All was set for the firm’s annual multi-manager teach-in, only for the announcement to seep through that there were no heads of multi-manager left at Credit Suisse to […]
Transact has broken through the £4bn mark of assets on its platform.Managing director Ian Taylor says the group does not set business targets because the assets held on the platform are subject to market movements but says he is pleased with its progress and attributes it to the quality of service and the people employed […]
Platforms should brace themselves for a difficult second half of the year as sluggish Isa sales led to a soft second quarter, consultancy Fundscape says. Fundscape’s latest platform market figures show total platform assets – including the advised and direct-to-consumer sectors – grew by £32bn to £604bn in the second quarter of the year. However, […]
Advisers giving defined benefit pension transfer advice can expect to pay nearly double for their professional indemnity insurance premiums at the next renewal than those who do not advise in that area. QPI, which is part of insurance broker PIB Group, says advisers with DB exposure can expect to pay between 2 per cent and 3 […]
Back in April, I wrote a piece explaining why investors shouldn’t give up on bonds just yet. Given the heightened volatility in equity markets this year, I thought it might be a good idea to take a closer look at this asset class, too. The VIX index, which predicts market volatility and is known as […]