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.
Accountants and lawyers are among at least 30 people asked to hand over information about collapsed mini-bond provider London Capital & Finance, according to The Times. Before its collapse at the end of January, £237m had been invested in LCF by some 11,500 private investors. The firm had previously raised flags with the FCA for […]
The Financial Services Compensation Scheme is processing around 1,400 negligence claims against collapsed discretionary fund manager Beaufort Securities, it has confirmed. The lifeboat fund tells Money Marketing that decisions on the claims will start to be finalised at the beginning of May. Beaufort Securities became the target of both FBI investigations in the US and FCA sanctions […]
Income protection sales reached a record breaking growth of 50 per cent in Q1 this year, according to figures from technology provider Iress. Data from its transaction portal The Exchange shows growth across sales of critical illness, life, income protection and multi-benefit offerings. Income protection saw the largest year-on-year increase at 50 per cent, followed […]