Australia has imposed a harsh new cap for lifetime contributions to pensions, dramatically restricting the amounts the British savers will be able to take with them if they emigrate Down Under. Last week the Australian government installed a limit of $500,000 (£254,000) on non-concessional contributions, sometimes known as ‘after tax’ contributions, that can be made […]
Standard Life and James Hay are imposing strict rules, including compulsory property managers, on customers who hold property within a Sipp. The providers require a property manager to be involved even if the Sipp member is also the tenant. A Standard Life spokeswoman says customers must use DTZ, Lambert Smith Hampton or CBRE as manager. […]
Exposure to the UK small-cap market can provide investors with additional spice to their wider portfolios. Like any good chef, however, fund managers have to consider a broad range of ingredients in order to make the end result a tolerable experience. Providing investors with a dish that could leave them with heartburn would not be […]
Sales at Just Retirement plunged by nearly a fifth (18 per cent) in the first three months of the year, quarterly results published today show. Total sales – including bulk and traditional annuities, drawdown and equity release – fell from £276.1m to £226.7m year-on-year. Defined benefit de-risking deals fell 54 per cent, to £43m, while […]
Jacob de Tusch-Lec, manager of the Global Income Fund, analyses a sell-off so “vicious” that the ‘hot’ stocks are underperforming emerging markets. What does it mean for the portfolio – now and in the months to come?
Schroders and Lloyds Banking Group have joined forces for a financial planning and wealth management proposition for wealthy clients. The new business aims to address the “growing gap in the advice market” through a personalised, advice-led proposition. The partnership will bolster Schroders’ expansion into the UK wealth management market, while Lloyds says it will help develop […]
The gap between what women earn and save compared to men continues to grow according to Office for National Statistics figures released today. Analysis for young people aged 16 to 29 shows the level and growth of median annual earnings were generally lower for women than men whether they were degree or school-educated or had […]