In less than a year’s time, people will have the ability to trade in their annuity for a lump sum. However, there remains much uncertainty and, with no less than four consultations currently running, it is unlikely the final details will emerge before the autumn. This gives scant time to build the infrastructure and little […]
MPs have called on the FCA and the Government to reconsider a product levy as part of the upcoming review of the Financial Services Compensation Scheme’s funding model. A product levy was previously deemed out of scope of the review because it would require a change in legislation. However, in an early day motion tabled on 25 […]
Investors have pulled £65bn out of the UK in March and April as market uncertainty around the upcoming Brexit vote rises, Bank of England figures show. The BoE says the money was either taken out of the country or converted into other currencies in the two months to April, the Telegraph reports. The rate of outflows […]
We thought long and hard before bidding for Elevate, so it was surprising when I was told by a well-known industry figure “they knew” Standard Life would buy Elevate. This made me reflect, “was it really that obvious?” At the helicopter level, perhaps so. After all, Standard Life is a well-capitalised business with the cash […]
The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.
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