The Government has established a cross-departmental working group to improve transfers of small pension pots ahead of automatic enrolment in 2012. This week’s Money Marketing reveals the group includes officials from the DWP, the Treasury, the Pensions Regulator and the FSA. Legal & General pensions strategy director Adrian Boulding was part of the three-man auto-enrolment […]
Edward Bramson’s proposal to replace F&C Asset Management’s chairman was met with success at a general meeting of shareholders today. Bramson, the founder of investment vehicle Sherborne, is likely to replace Nick MacAndrew having repeatedly called for his dismissal. The takeover comes after Bramson, led by a 17 per cent holding in F&C through Sherborne, […]
VAT may be applied to platform fees and rebates under the FSA’s rules on platform charging, according to Ernst & Young. The company says the FSA’s definition of platforms as providing administration services rather than distribution services, as detailed in its November discussion paper, could have unintended tax implications. In a report looking at the […]
The Bank of England could raise interest rates by as early as next week, warns Skandia Investment Group. Rupert Watson, the head of asset allocation, says there is a possibility rates could be raised next week but admits it is more likely that any rate raises would occur in May. The announcement signals a reversal […]
Graeme Robb, senior technical manager at Prudential, writes about the residence nil-rate band and the advice opportunities it presents for you when tax year-end planning with your clients. On our Planning Matters hub, we considered a widow, Margaret, and a married couple, John and Anne, for whom the residence nil-rate band (RNRB) is influencing planning […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]