Providers face tens of millions of pounds in costs each year to run the pensions guidance service announced in the Budget and may be forced to run group sessions to prevent costs spiralling. Delivering his Budget speech last week, Chancellor George Osborne said members of defined contribution schemes “will be offered free, impartial, face-to-face advice” […]
At just 26, Prydis Wealth director James Priday has plenty on his plate steering a growing financial planning business through turbulent times for the retail financial services sector. Not content with that challenge, in January, he launched a D2C investment platform, Strawberry Invest, as a standalone proposition. The name comes from the idea of picking […]
Providers are blocking transfers to a pension scheme administered by Manchester-based Warwick & Eaton due to concerns the firm could be involved in liberation activity. Aviva, Friends Life, Legal & General, Scottish Widows and Standard Life are all refusing to allow members to join the SCCL scheme set up by Warwick & Eaton in August […]
This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]
Jelf Employee Benefits has released a guide to help employers communicate the recent raft of pension legislation to staff. ‘Your Guide to Pension Freedom’ will help employers meet their duty of care in explaining the changes to employees and in turn will help employees take more control over their pensions and retirement decisions.
Prudential has launched a new fund for higher-risk investors as part of a new risk-managed range. The updated PruFolio Risk Managed fund range consists of 14 funds- five passive, five active and five smoothed funds – and includes a new fund, the Risk Managed PruFund 5. The funds’ investment objective will no longer specify a maximum […]
Last month, the BBC’s Money Box covered the story of a protection customer who had seen her quoted life and critical illness premium rise by around a third after she disclosed a historic mental health issue. The woman was taking cover as a parent of young children and had originally chosen an insurer after getting […]
The Chartered Institute for Securities and Investment has set up a helpline for participants in its financial planning mentoring scheme. The helpline, which is being supported by Schroders, will be open to mentors and mentees on the programme, which started on the first of January this year, looking for support in achieving professional financial planning […]