Fund closures have risen and new launches have slowed, suggesting supply is meeting the high demand Last year was a phenomenal one for ETFs. Global ETF assets hit a new high of $4.7trn at the end of December, up from $3.5trn a year earlier. Its 35 per cent annual increase in assets was the biggest […]
Aviva has secured the latest deal in its bit to write more bulk annuity business. A decade after two financial support directions were imposed, the Sea Containers 1983 Pension Scheme has been insured by Aviva in a bulk annuity deal. Aviva’s £187m buy-out will allow trustees to secure benefits in access of Pension Protection Fund […]
The regulator will not ask advisers for historic data relating to advice given on unregulated investments, it has confirmed. That is despite advisers calling for the FCA to request historic information in firms’ annual Gabriel returns. As part of its review of the Financial Services Compensation Scheme’s funding model, the FCA said it would incorporate […]
The incoming chair of the FCA, former lawyer Charles Randell, has revealed to MPs he invested in a film partnership scheme that has been at the centre of a battle with HM Revenue & Customs. The news represents a fresh blow to the regulator, which has been facing questions over its refusal to publish a […]
The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.
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