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Saunderson House sale abandoned

The sale of IFA Saunderson House has been pulled by parent company IFG Group. IFG Group revealed in February Saunderson House had received a number of offers and that it was considering if selling the business would give shareholders better value. Since then, it has received several more offers. However, in a statement this morning, […]

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University pension strike nears end after deal struck

A new deal has been reached between union leaders and university employers as strikes continue over threatened pension cuts. According to the BBC, if the terms of the deal are accepted at a union meeting on Tuesday then the strike will be suspended. The strike is in its fourth week and has disrupted classes at […]

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Graham Bentley: Closet tracker impact on active management is underestimated

It is encouraging to see the FCA close in on lazy fund management, but more needs to be done  Without fanfare, the FCA has confirmed its intention to  punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]

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Fewer savers using advisers before cashing out pension

Fewer savers are turning to an adviser before fully cashing out their pension, latest FCA figures show. Between April and September 2017, just 32 per cent of full withdrawals were advised, down from 44 per cent the previous year. Nearly all (95 per cent) of the decline in advice was attributed to cash outs for […]

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