UBS made a loss of £780m for the second quarter of this year.
Aberdeen co-head of multi-manager Aidan Kearney says the firm has added Invesco Perpetual income guru Neil Woodford to act as a “put option” in its fund range.Aberdeen has allocated 2-3 per cent of cash from its port-folios to Woodford as the team believes he is the perfect protection to defend assets if the market falls […]
The Financial Services Skills Council is likely to develop shared units forcing award- ing bodies to use identical content in core modules as part of the RDR’s QCF level four qualification.Director of skills development Sarah Thwaites says the Qualifications and Curriculum Development Agency, which owns the QCF framework, is developing a system of shared units. […]
Aviva has made it clear it is preparing for acquisition opportunities while Legal & General and Standard Life have effectively ruled themselves out of any consolidation activity.
Platforum has launched a service for IFAs to anonymously review platforms in order to help other advisers in their wrap selection process.
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 […]
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]