I question the validity of the regulator’s threshold conditions when hundreds of small IFAs endure significant personal inconvenience to meet the capital adequacy require-ments at all times, yet the industry’s biggest organi-sations continue to trade unabated and inadequate. I question an enforcement system that judges its penalty on the ability of the culprit to endure […]
InvestmentTracy Watt has joined Axa Investment Managers as head of UK marketing. She will be responsible for the co-ordination and development of Axa IM’s UK marketing strategy and the delivery of marketing support for the UK business. Watt joins Axa from Mellon Global Investments, where she has been marketing manager for four years. Troy Asset […]
Pru has slashed the interest rate on its flexible lifetime mortgage product offered through intermediaries It comes down from 6.45 per cent to 6.02 per cent. Pru has also declared that advisors will be paid an additional 450 on top of their commission, even if the customer only draws down the minimum amount.Pru claims that […]
The latest figures from the Department for Work and Pensions illustrate that sickness absence is still a major cost to businesses, with an annual bill for sick pay and associated costs to employers of £9bn. This paper from Jelf Employee Benefits looks at the importance of recording sickness absence for any employee health strategy and how this can be carried out in an efficient manner to reduce absence, improve employee engagement and drive up profits.
Solving risk management problems might not sound like the most natural career path for an avid football fan and Manchester United supporter. But that’s exactly where head of retail multi-asset funds at Legal and General Investment Management Justin Onuekwusi ended up in his first foray into the financial services profession, after he was encouraged by […]
Technology could be a saving grace for young people with tough financial options, but it is far from a safe bet It’s fair to say we are all aware of the house-buying crisis facing millennials, or, if you really want to annoy them, ‘generation rent’. House prices in some parts of the country are so […]
Advisers used to worrying about clients hitting lifetime limits on pension tax relief or focused on tax planning for clients with seven figure estates may be surprised to hear it could be useful to discuss the humble state pension with clients. But if the response to the recent state pension webinars I have hosted is […]