7 April 2016

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Neil Woodford: Dividend risk is here to stay

From an equity investment perspective, the world looked a risky place as we entered 2016 and these risks have already weighed heavily on financial markets in the first few weeks of the year. January’s extreme weakness persisted until the middle of February, before stocks staged a tentative and lopsided recovery. As has so often been […]

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Tony Byrne: FAMR geared up to let the banks back in

After such a long wait, the 85-page Financial Advice Market Review report is nothing but a damp squib for anybody who cares about the advice industry in the UK today. And this after the fiasco of the RDR, spending £1.5bn creating an even wider advice gap. I do not need to go into detail about […]

Danby Bloch
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Danby Bloch: Making sense of Osborne’s CGT cuts

The cuts in capital gains tax for most investments are set to make a major difference to tax and investment planning. Just to recap, George Osborne announced in his March Budget the rates of CGT would be reduced by 8 per cent after 5 April for the tax year 2016/17. Most gains that have previously […]

Chris Gilchrist: George Osborne is repeating the mistakes of Gordon Brown

I resented having to listen to a fourth Osborne Budget within 12 months. The mild entertainment gained from an embarrassing switch in the economic weather forecast from sunny to threatening since December was tempered by the realisation that 99 per cent of the population will not have a clue all the big Budget numbers are fiction. […]

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Should FCA intervene over advice cashflow planning concerns?

Concerns are growing advisers are putting too much emphasis on simplistic cashflow planning, with some suggesting the FCA should consider intervening. Wingate Financial Planning director Alistair Cunningham raised the issue in Money Marketing last month, accusing some firms of acting like “charlatans”. Cunningham says since the RDR increasing numbers of advisers have been guilty of putting […]

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Wells Street Journal: Alien concept lacks currency

Not all banks can claim support from extraterrestrials, but unauthorised WeRe Bank is an exception. The blender, which has made up its own bizarre ‘Re’ currency and claims to offer cheap cheques that force lenders to write off debts, made headlines recently when the FOS logged dozens of complaints about the firm. The firm’s founder, […]

Steve Bee: Why the Lifetime Isa is plain crazy

The Lifetime Isa will offer people under the age of 40 an alternative pension system. To me that seems just plain crazy. I am very concerned about the destabilising effect an alternative pension system will have on the rollout of automatic enrolment. It seems incredible to me the Government would even consider providing an alternative […]

Platforum head of intermediary research Miranda Seath

Platform focus: Old Mutual Wealth is at a critical juncture

Old Mutual Wealth has been attracting column inches since South African parent company Old Mutual Group announced it would split into four different businesses by 2018: a South African bank, an African insurer, a US asset manager and a UK-based wealth manager. As the Old Mutual group looks to consciously uncouple from its UK wealth […]

John Lawson: How a pensions dashboard can be delivered by 2019

As expected, the Budget deferred draconian change on pension tax relief to another day and instead gave us a halfway house to the pension Isa called the Lifetime Isa. The Lifetime Isa looks like a good idea for young people saving for their first home and is certainly more flexible than the current Help to Buy Isa. […]