Aim-listed IFA Lighthouse Group is targeting the company pensions and benefits market with a new division called Lighthouse Corporate Benefits. 50 of the firms best qualified pensions advisers will work in the operation.
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Fat chance
For those of you out there who thought IFAs were a healthy bunch of individuals – think again. The Diary has evidence to the contrary. At a recent health conference, Framlington kindly offered IFAs the chance to take a cholesterol test and came up with the worrying statistic that 28 per cent have cholesterol issues. […]
Boomers' moves may cause havoc for FTBs
Baby boomers who hope to use their homes to form part of their pension by downsizing could unleash housing havoc on the market, according to Prudential. Its report, entitled, Equity Release in the UK, suggests that four million homeowners are relying on property to boost their retirement income which is predicted to suffer a shortfall […]
Ingledew back to develop Barclays advice schemes
Former Berkeley Berry Birch chief executive Steve Ingledew has resurfaced at Barclays Financial Planning following his departure from the listed IFA earlier this year. Ingledew will be commercial director of the financial planning division responsible for developing its advisory proposition on the independent and tied sides. He will report to Jim Reeves who, as Money […]
Investment trusts are banned from stakeholder CTF
Parents opening a stakeholder child trust fund will not be able to use investment trusts but will be allowed to invest in unit trusts. The decision to exclude investment trusts has angered IFAs who believe investors should be able to choose the investments they believe will generate the best returns. Product providers in the CTF […]
DB transfers – one more factor to consider
Jim Grant – Senior Product Insight & Technical Support Analyst We look at how higher DB transfer values could cause a lifetime allowance issue and how that affects the advice process. Advisers are receiving an increasing number of requests from clients looking to transfer their pension from final salary schemes to personal pensions. This is a […]
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Tony Wickenden: Helping business owner clients plan around losses
Knowledge of how the tax relief rules work for corporate losses will add considerable value to an adviser’s proposition Financial planning tends to focus on situations where there is available capital or income – very possibly created from business profits for SME owner-managers. But sometimes businesses make losses, and an awareness of how the tax […]
Acquisitions bolster Close Brothers inflows to £1bn
Close Brothers Asset Management saw net inflows jump 43 per cent to £1bn year-on-year, from £757m in 2017. The business released its preliminary results for the 12 months to 31 July today. Close Brothers says the strong inflows were delivered by its own advisers and investment managers, as well as third party advisers. Coventry-based Adrian […]
Tenet to compensate over annual allowance tax bungle
The Financial Ombudsman Service has told Tenet to compensate a client for its failure to give timely advice that resulted in an annual allowance charge of around £14,000. In the ruling, Mr T was a client of Tenet Connect, Tenet’s network of advisers, who found he was under threat of redundancy and made an appointment […]
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