IFA portal the Exchange has re-designed its annuity service and specialist enhanced annuities provider Just Retirement, has joined the service. The total number of providers available through the portal is now 16.
A life office is understood to be in the closing stages of a deal with Fundsdirect. Prudential is rumoured to be a leading partner alongside Egg and Fundsdirect. The deal would allow sharing of investment costs, risk and offer marketing support.
Fundsdirect chief executive officer Sean Ewing is understood to be leaving the company. Company founder Ewing is thought to have tended his resignation in August but will be leaving the group in the next few days.
St James's Place's commercial property fund has taken in £130m in the six months since its launch. The fund, which is managed by Duncan Owen of Insight Investment Management, invests in a mix of retail, office and industrial properties.
Advisers do not understand the current pension tax credits system, says Pension Commission chairman Adair Turner. Publishing his report into UK pensions, Turner said IFAs are as in the dark as consumers about tax credits which has led to a false belief that the highest earners are the best incentivised to save. Turner says: “When […]
Pension specialist Fiona Tait takes a look at the Financial Advice Market Review and assesses the three areas where it suggests improvements can be made With significant budget changes ruled out (for a while anyway), the pension community briefly turned its attention to the FCA’s final report on its Financial Advice Market Review (FAMR), hoping […]
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Professional indemnity insurance providers have acknowledged that they see DB pension transfers as a high-risk area, as experts continue to express fears over the breadth of coverage for IFAs. While the FCA recently proposed measures to stop PI policies from excluding the Financial Services Compensation Scheme as a claimant and discussed the possibility of a […]
A Government white paper has confirmed The Pensions Regulator will be given stronger powers. The Department for Work and Pensions today published the defined benefit pension schemes white paper paper, which proposes changes to strengthen DB schemes. In recent months, DB schemes at BHS, Carillion and Toys ’R’ Us have made headlines for putting their […]
When a mega-merger like one the size of Standard Life Aberdeen happens, it should not come as a surprise when some staff are not entirely enthusiastic about it. That is why firms like Investec Asset Management have been happy to open the doors to many of those who found themselves in the middle of such […]