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TPAS appoints Nest exec as chairman

The Department for Work and Pensions has appointed Museji Ahmed Takolia as chair of The Pensions Advisory Service. Takolia, who will serve a four-year term and replaces Geoff Shanks, is also chair of Government auto-enrolment scheme Nest’s member panel. TPAS provides pensions guidance over the phone and also delivers the Pension Wise service. Pensions minister Ros […]

Woodford to raise fresh assets for Patient Capital

Neil Woodford is looking to attract a wave of new cash into his £774.5m Patient Capital Trust in a bid to invest in a number of untapped opportunities. In an announcement to the the stock exchange, the trust’s board said it is “currently looking at ways it can raise additional capital in the year ahead […]

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The return of bank advice: Will things be different this time?

Major UK banks are beginning to return to the investment advice market three years after the RDR signalled the death of bank advice. But at the same time, experts have raised concerns as to whether banks have truly done enough to ensure the fines for unsuitable advice will not be repeated, and whether they can […]

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Tilney Bestinvest in £700m Towry takeover bid

The private equity firm behind Tilney Bestinvest is planning a £700m takeover deal of rival wealth manager Towry. The Sunday Times reports Permira is “aggressively pursuing the deal”, which would see a combined group with assets under management of £18bn. Tilney Bestinvest is understood to have denied claims that it is involved in a bid […]

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Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.

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