Investors who bought into traded life settlement policies through Managing Partners Limited face a stark choice between staying in the gated Traded Policies fund or moving to an alternative fund that they have to stay invested in for at least five years. MPL has launched a new fund for investors after the firm placed a […]
The pension annuities revolution has come as a surprise to most advisers and the need to think through the implications for both clients and firms is pretty urgent. Of course, there is a whole year until the full impact of the changes hits in April 2015 but clients need guidance in the meantime. What is more, the interim […]
Cofunds has posted a pre-tax profit of £4.2m for 2013, a drop of 16 per cent from the £5m pre-tax profit posted in 2012. The platform was acquired by Legal & General in May. It says as part of the acquisition it is targeting annual savings of £11m by 2015. Turnover increased by 7 per […]
Protection advisers are struggling to arrange life cover for borrowers who have bought through Help to Buy 1. Under the first phase of Help to Buy, which launched in April 2013, borrowers with a 5 per cent deposit hoping to buy a new-build property can secure a Government loan worth up to 20 per cent […]
As global investors continue to scour emerging markets through the lens of reform potential, India shines bright. Indeed, we think it can sparkle even brighter. We anticipate India’s self-imposed 10-year ‘policy holiday’ to turn into one of the most pro-growth and pro-investment policy calendars seen in Asia in years. The Indian electorate has engineered a historic verdict. We now have the strongest Indian government since 1984, with the pro-market Bharatiya Janata Party (BJP) achieving an absolute majority for the first time in the party’s history.
Advice giant St James’s Place will block access to its investment platform for 10 days while it migrates services to a new provider. SJP tells Money Marketing that the work will affect online service ability for clients between 19 October and 29 October. A spokesman says: “SJP will carry out essential maintenance to our systems as part […]
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]