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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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology