Minister for Work and Pensions Alan Johnson will be the main speaker at this year's ABI Saver Summit. Johnson will lead debate on Saving for Retirement: Today's Problem, Tomorrow's Solution at the QEII Conference Centre, London on Tuesday, November 2. Other speakers include New Zealand's retirement commissioner Diana Crossan and Professor John Hills from the pensions commission.
Type:Investment trust Aim: Growth by investing in European companies including emerging European markets Minimum investment: Lump sum £1,000, monthly £50 Investment split: 29% financials, 10% resources/energy, 9% non-cyclical consumer goods, 8% cyclical services, 7% telecommunications, 7% cyclical goods, 5% basic industries, 5% technology, 4% utilities, 16% other Types of share: Ordinary shares Isa link: Yes […]
Charges on all discretionary investment management within the Standard Life Sipp will be capped at 1 per cent. The life office has signed up 11 business partners, including six discretionary investment management groups, an execution-only stockbroker and three property specialists to its Sipp offering. The six discretionary managers linked to Standard Life's Sipp offering are […]
Abbey has had to pull two more mortgage products ahead of M-Day. The mortgages temporarily available are the deal for life and reward mortgages. This follows on from Friday October 22 when Abbey pulled its flexible mortgage products. Sales are therefore restricted to core mortgages only which are trackers and fixed rate mortages. Abbey press […]
Should the FSA grant an authorisation grace period if an IFA's network collapses to allow the adviser to carry on trading? “No. Everyone should have a contingency plan. If you join a network, you are basically a glorified emp-loyee. I am not in a net-work and if something happened to me tomorrow, no one would […]
Last Wednesday was International Youth Day: a UNESCO (United Nations Educational, Scientific and Cultural Organisation) initiative that began in 1999.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]