A person’s lifetime wealth is increasingly defined by how much they inherit from their family, says The Institute of Fiscal Studies director Paul Johnson. Johnson believes inheritance in determining an individual’s life chances is probably at its highest since Victorian times. Speaking at an event run by Seven Investment Management, Johnson argued this will have […]
Defined benefit pension transfer charges are being put under the microscope again as the regulator turns over more potential conflicts of interest. With the British Steel Pension Scheme the latest to dominate headlines and the FCA ready to interrogate further as it extends its review to include all firms authorised to give pension transfer advice, […]
Enthusiasm for the Lifetime Isa tax-free savings offering has been muted among advisers and their clients. A year on from its launch, experts remain disappointed over the lack of appetite for Lifetime Isas. In April 2017, the product hit the market with little fanfare, amid criticism it would primarily serve the children of the wealthy. […]
Aegon has this week written to customers who are eligible for compensation following issues with the Cofunds replatforming and expects the first payments to be made from tomorrow. Aegon met with its advisory board last week and called the meeting “constructive but challenging”. The board is made up of advice firms brought in to contribute […]
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
The FCA and The Pensions Regulator say they will use a broader range of interventions to drive up value for money for savers. In their joint strategy on pensions launched today, the watchdogs identify two new priority areas for joint action going forward. The first is a strategic review of the entire consumer pensions journey […]
The Pensions Ombudsman has instructed Suffolk Life to pay £500 in compensation for failing to transfer a member’s benefits into his occupational scheme on time. In the ruling, a complainant referred to as Mr S says Suffolk Life as Sipp administrator is responsible for a loss of investment growth because of a delayed transfer. In 2012 […]
Tatton Asset Management has reported a 16 per cent increase in assets under management over the last six months. Total funds have now passed the £5bn mark to reach £5.7bn as at the end of September. Tatton Asset Management is the parent company of both Tatton Investment Management, a discretionary fund manager, and Paradigm Partners, an […]