The world is no longer on the brink of an apocalypse. That at least is the view of global fund managers judged by this month’s Merrill Lynch survey.Gary Baker, co-head of international investment strategy at Banc of America Securities Merrill Lynch, reports “a surge in global growth optimism”. Although there is no evidence of bullish […]
One of Gordon Brown’s favourite catchphrases, except when he is in the US, is: “This started in America.” Fair comment. Most countries quite rightly blame the US for the global financial collapse despite being willing players as long as the illusion of prosperity lasted.
In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]