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 […]
The rise of ethical funds and sustainable investment brings into question just how broad and subjective the space can be One of 2018’s most-used buzzwords in investment has been “ethical”. The rise in popularity of environmental, social and governance investing has been widespread, and in 2017 more than £1bn of net retail money flowed into […]
The Personal Investment Management and Financial Advice Association has published an updated version of its Mifid II feedback template and guide. Both documents jointly authored with the Tax Incentivised Savings Association were originally issued for industry comment in June 2018. The updated template and guide reflect the feedback received from Pimfa’s product governance and template testing working groups. […]
Legal and General Assurance Society has apologised to a client for making repeated mistakes in the information it gave about the amount of tax free cash he could take. In a ruling from The Financial Ombudsman Service, Mr M complains L&G’s errors resulted in the need for him to return funds and caused him “significant trouble” and […]