Tony Blair once said: “I never make predictions. I never have and I never will.” That contradiction always tickled me. But we are all in the business of predictions, are we not? Last week I attended a review meeting with a client and his appointed discretionary fund manager. The client was looking for some reassurance […]
A recent survey found most people aged over 45 want to retire soon but do not know if they can afford to. In fact, a significant proportion do not know if they will ever be able to retire comfortably. Surely one of the most basic roles of financial planning is to be able to answer […]
Former pensions minister Steve Webb believes Chancellor George Osborne risks “incalculable damage” to savers if he overhauls pension tax relief in the upcoming Budget. In a speech at the Association of Consulting Actuaries, Royal London director of policy Webb will compare a move to the taxed-exempt-exempt model of pension taxation to Gordon Brown’s raid on […]
BlackRock saw the highest number of gross retail sales in 2015, according to the Pridham Report, with the popularity of its mixed asset funds helping push gross sales up 8 per cent on 2014. Across the board gross retail fund sales reached a new record in 2015, although net sales dropped to their lowest level […]
Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.
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