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Insolvency Service: Drawdown pensions out of scope for debt collectors

Savers with drawdown accounts will not be forced to increase the amount of income they take in the event of bankruptcy, the Insolvency Service has confirmed. In March, the Government said “undrawn” pensions were out of debt collectors’ reach. But the definition of undrawn was not made clear. However, in an email seen by Money […]

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Govt pledges to tackle ‘heavy handed’ regulators

The Government will today set out plans to cut at least £10bn in business red tape in a bid to boost Britain’s growth prospects, the Telegraph reports. Recently-appointed Business Secretary Sajid Javid will vow to help small firms by getting “heavy handed” regulators off their backs. In a speech in Bristol, Javid will say: “Small […]

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Partnership eyes platform tie-up as annuity slump continues

Partnership is working on plans to tie up with a platform in the second half of the year as the specialist provider looks to counter a 73 per cent fall in individual annuities. In its results for the three months to the 31 March, published today, Partnership says it is working with a third party […]

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Convicted fraudster sentenced to extra four years

A convicted fraudster has been sentenced to an additional four years in prison by Westminster Magistrates’ Court after failing to make any payments towards a £364,000 fine, following an investigation by the Serious Fraud Office. In April 2012, US national Brian O’Brien was extradited and convicted for his part in a £4m boiler room fraud. […]

Introducing the Allianz Index-Linked Gilt Fund

Mike Riddell and the team at Allianz Global Investors are proud to announce the launch of their new Index-Linked Gilt Fund, set for early February. The actively managed index-linked gilt fund will be available to early-bird investors for a price competitive with some of the passive funds in the sector. Mike is supported by Kacper […]

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