Recommended

Kevin-Ronaldson-BellPenny-700x450.jpg

Bellpenny acquires two more advice firms

Adviser consolidation firm Bellpenny has completed two further IFA acquisitions for an undisclosed sum. The deals, for Caledonia Edinburgh Limited and Midlands-based firm Rawson Steele IFA, add £84m in funds under management to Bellpenny. The business as a whole is now responsible for over £3bn in investor funds. Caledonia Edinburgh adviser Lynn Healy will transfer […]

barclays-building-2012-700x450.jpg

Banks to plead guilty over forex rigging

Barclays and Royal Bank of Scotland are set to plead guilty this week to charges of rigging the foreign exchange market, with fines running into almost £3bn. The two banks are among the institutions that have been under investigation of manipulation of currency benchmarks since 2013. The Sunday Times reports both are set to accept substantial […]

Brandon Lewis to remain housing minister despite confusion

Brandon Lewis will remain housing minister despite reports he had been replaced. Yesterday, it was being wrongly claimed on Twitter that Mark Francois had been made the new housing minister after he was appointed minister of state for communities and local government. The rumours were fuelled by the fact Lewis’ photo and profile had been […]

Money-Cash-Coins-GBP-Pounds-UK-700x450.jpg
2

Pension savers shun annuities for drawdown and UFPLS

Drawdown and lump sums are being favoured by pension savers a month after the introduction of the radical new freedoms, figures from Hargreaves Lansdown show. Less than one in ten (8.4 per cent) of Hargreaves’ customers have bought an annuity since 6 April, compared to 75 per cent who entered drawdown and 16.6 per cent […]

The Investment Clock: Summer – the perfect time for a dip!

The rally in equities that began following the January 2016 China-devaluation shock has proved to be one of the longest ever. As investors have quickly brushed the sand off political events such as Brexit, Donald Trump and the French election, equity indices have repeatedly registered new record high watermarks. Meanwhile, the Investment Clock that guides […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment