Tilney Bestinvest has recorded £17.7m in pre-tax profits for the 12 months to December 2014 on a pro forma basis, the newly-merged company reported today. The combined Tilney Bestinvest business, which merged in August 2014, currently has £9bn in assets under management, up 76 per cent from the £5.1bn Bestinvest held at the end of […]
When Neil Woodford announced he was leaving Invesco Perpetual to set up his own fund management business, the industry oscillated between eagerly anticipating his next venture and questioning how Invesco Perpetual would cope without arguably its biggest asset. After all, the top dog of equity income, Woodford had spent the bulk of his career at […]
Three leading direct-to-consumer platforms that charge exit fees have been accused of making customers pay for their own failure to bring down the costs of transferring assets. Last week, Axa announced customers on its Self Investor platform would be given up to £750 towards the cost of paying exit fees levied by ceding providers. Axa […]
The pension freedoms promised by Chancellor George Osborne have arrived. With them have come a whole host of issues and dilemmas for advisers. Insistent transfer requests seem to be top of the list. Personal Finance Society chief executive Keith Richards even took the unusual step of writing to the FCA and the Government to highlight […]
For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.
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