Five men have been jailed for an investment scam which defrauded 56 British expats of £1.93m. According to the Serious Fraud Office, it used overseas IFAs as “unwitting pawns” in the scheme.
Skerritt Consultants head of investments Andy Merricks believes that Japan could be one of the surprise investment successes of 2010.
Scottish Widows Investment Partnership has launched its multi-manager optimal multi-asset fund in the UK retail market to be run by Mark Harries and Simon Wood.
US investment house Pacific Investment Management has revealed it is to shed holdings of both American and British treasury bonds.
The Association of British Insurers’ proposal to increase the age of forced annuitisation to 80 has been warmly received by the industry. The ABI policy paper, entitled, Time For Change: Seven Proposals to Improve DC Pension Benefits, published this week, called for a number of changes to the way that DC pension income is taken […]
Most of us would agree that pensions were complicated enough before April 2015, but since the pension freedom changes came into effect it has got a whole lot worse.
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]