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.
As we hurtle towards the new year, it is worth remembering much of the so-called client-centricity discussed is, in fact, little more than process that will not determine whether you win, lose or draw. Sure, a process needs to be reliable, cost-efficient and to point the right service at the right people. But it is […]
The Association of Member Nominated Trustees and the UK Sustainable Investment Association have urged pension funds to keep an eye on whether their investment consultants’ sustainable investment advice lives up to the minimum service requirements under regulation. The AMNT and UKSIF says consultants should meet minimum requirements as soon as possible so as not to […]