Keydatas secure income bond achieved sales of 4m within three days of launch last week – the highest uptake of any of its products. It invests in corporate protection insurance policies and aims to pay 7.5 per cent annual income over five years. It is designed to appeal to income investors who are put off by the perceived risk of equity or high yield bond.
The Sipp property purchase market could be worth 10bn after A-day and provide a 5 per cent boost to the housing market, according to new research from Hargreaves Lansdown. The research, which surveyed 614 members of the public and 180 Hargreaves Landsown Sipp investors, shows that 37 per cent of the current 140,000 Sipp investors […]
Nicholas Macpherson has been appointed Permanent Secretary to the Treasury, succeeding Sir Gus O’Donnell. Macpherson was previously managing director of the budget and public finance directorate and before that was head of the public services directorate. He has 20 years’ experience in the civil service
Friends Provident saw total life and pension business rise by 33 per cent from 212m to 282m in the first half of this year but says the market is difficult to assess in the run-up to A-Day.
Scottish Widows is questioning the motives of Killik & Co after the stockbroker swit-ched its group pension scheme to a third provider in just two and a half years. Killik will earn commission from Friends Provident as it is acting as its own broker and was also previously paid commission by Widows. Killik marketing director […]
Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. Click here to watch video
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]