Backbench MPs expressed deep concerns over the impact of the retail distribution review in a debate in Parliament last week. The Westminster Hall debate, secured by Conservative MP for West Worcestershire Harriett Baldwin, saw 13 MPs speak in support of constituents’ concerns about the RDR. Tory MP for High Peak Andrew Bingham said his local […]
OBSR has cut its rating on the £1bn Jupiter financial opportunities fund managed by Philip Gibbs to AA due to co-manager Guy de Blonay’s “increasing influence on the product”. OBSR says the fund, which invests in financials sector equities, lost its AAA rating following a meeting on October 14. Jupiter hired bottom-up star De Blonay […]
I concede that the macro-economic outlook for Western economies is still far from certain, with housing and employment data pointing to a continuation of weak consumer activity. However on the plus side, the Fed and other central banks have shown that they are prepared through quantitative easing and low interest rates to avoid at all […]
Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.
Work and pensions select committee member and Labour MP Ruth George has called for the parliamentary pension scheme to divest from fossil fuels. The MP for High Peak put her name to the Divest Parliament pledge which is a cross-party campaign to clean up the investments in politicians’ pension schemes. MPs are automatically enrolled in […]
It was announced in last year’s Autumn Budget that, from April 2019, tax will be charged on gains made by non-UK residents on the disposal of all types of UK immovable property. At the time of the announcement, HM Revenue & Customs also produced a technical note setting out the scope of the new charge […]
O&M Pension Solutions has changed its systems ahead of an October deadline to help advisers meet new regulations around transfer value analysis reports. From 1 October, the FCA’s new rules mean transfer value analysis reports will be replaced by a combination of a “transfer value comparator” and an “appropriate pension transfer analysis” The transfer value comparator is […]