The Bank of England last week held interest rates at 4.75 per cent for the second month in a row. It follows the decision in August to raise the base rate by 0.25 per cent from 4.5 per cent, which had stood for a year.
With-profits shareholders could see an increase in values of up to 3 per cent under amendments to the policyholder/shareholder split of assets announced by the FSA.
International stock markets have shrugged off news of North Korea’s successful nuclear test despite local markets falling on hearing the news.All Asian markets fell with the exception of Japan and Taiwan which were closed for public holidays, with the Korean market suffering the biggest falls.It fell by 2.4 per cent having been down 3.6 per […]
IFAs must break away from the more traditional focus on spreading pension arrangements and consolidate their clients’ pension pots before vesting funds, says Hargreaves Lansdown head of pensions research Tom McPhail. He told delegates at the round table that a wrinkle in A-Day rules makes it imposs- ible for clients with more than one pension […]
I am a great believer in improving standards and qualifications. For this to happen and for this whole area to receive the emphasis it deserves, there needs to be some leadership.
By Fiona Tait, pensions specialist In her final article for Royal London, Fiona Tait reviews key changes she believes have transformed, or will transform, pensions. In my 12 years with Royal London I have been paid to review, study and explain the numerous changes to pension legislation which have transformed our industry in that time. This is […]
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]