23 June 2016


Why Baillie Gifford continues to bet on Europe

Europe might be seen as a risky bet for many investors in the uncertain post-Brexit world but Baillie Gifford’s James Squires keeps his hopes up for the region. “Most people seem to be fairly negative on Europe particularly in light of the Brexit vote but if we look at the region, growth is on an improving trend, […]

John Lawson: Raise state pension age or expect spending cuts

In March, the former director general of the Confederation of British Industry John Cridland was appointed to review the state pension age. His report must be published by May next year. The review does not cover the rise in state pension age to 66, which completes in October 2020, or the rise to age 67, […]

Gregg McClymont 480

Gregg McClymont: Will the UK ever be a nation of investors?

Turning a nation of savers into a nation of investors: surely this is the objective of pensions freedoms. A shift away from the insurance-linked guarantee of annuities; a rejection of cash in the bank. Instead, an army of pensioners invested in equities, fixed income and alternatives all the way through retirement. Income drawdown in action. […]


Beware the overseas public sector pension trap

Duncan, a consultant neurologist who has just turned 52, has been offered a post leading a new team at a state-of-the-art facility in the Middle East. The contract is for 18 months with a possibility to extend by mutual agreement. Duncan has asked his adviser to explain the implications for his pension benefits if he […]


Claire Trott: Without advice there is no pension freedom

One of the biggest issues with pension freedoms is that pensions are now perceived as being simple and easy to access without financial advice. Nothing could be further from the truth. The Government’s reference to pensions being used as bank accounts hides the truth that we are still dealing with the same issues as before […]


Robert Reid: FCA should ban exit penalties entirely

Many years ago I wrote an article on the trend of paying full initial commission on an indemnity basis with no claw-back on executive pension plans. This exposed the risk to major insurers that plans would not run long enough to cover commission paid, let alone their costs. I recall one senior individual at a […]


Tom Baigrie: Let’s be Iron Maiden, not Eurovision

A few weeks ago, I went to Download festival because Iron Maiden were headlining. Even if metal is only a tiny bit your thing, they are a brilliant bunch of musicians and their fan base is the very salt of the earth. Loyal too: some 80,000 surprisingly young people stayed in a field in the […]


Female advisers outnumbered 10-1 by men

The advice market is still heavily dominated by older men, according to new FCA data. A Freedom of Information requested submitted by Money Marketing reveals that as at June just over one in 10 advisers is female. In addition, 63 per cent – or 16,691 – advisers are over the age of 45. Evolution For […]

Helen Dean, Nest

Nest under fire over manual direct debit system

Government-backed scheme Nest’s method for collecting contributions is under fire for making auto-enrolment “as difficult as possible for SMEs”. Before pension contributions are sent to Nest, employers must manually approve payments each month despite direct debit arrangements being in place. The scheme says this allows employers to know exactly how much they will pay. However, […]