The National Association of Pension Funds is calling for a new independent standing commission to report to the Government on the impact of economic, demographic and social changes on Britains pensions system, and to advise ministers on the measures necessary to maintain the UK pension system in the long term.
Any innovation in the equity-release market is to be welcomed. Prudential’s Property Value Release product seems to have all the right features and the rate – at 6.45 per cent – is there or thereabouts. Portman charges 6.15 per cent while Mortgage Express charges 6.64 per cent. Northern Rock has a fixed rate of 5.99 […]
The Chartered Insurance Institute has finally won chartered status – a very significant step along the road to making advisers into a profession.The bar is set very high.
The FSA has banned a former director of a St Albans IFA for a catalogue of rule violations including precipice bond misselling. Idris Nagaty, formerly a director of liquidated firm Young Ridgway Associates, breached a number of the FSA’s Statements of Principle for approved persons. The FSA judged that Mr Nagaty failed to ensure that […]
Swansea magistrates court was told that Graham Price, 58, of Llansamlet, Swansea, has been charged with 43 separate counts of theft and deception. According to the charge sheet, five of the counts relate to a total of 4.3m allegedly stolen from the Halifax. A further 21 separate theft charges involve close to another 1m. Magistrates […]
Steve Webb – Director of Policy and External Communications As the Autumn Statement approaches, Steve Webb calls for the Government to stop tinkering with tax relief. Twice a year, in the run-up to the Spring Budget and the Autumn Statement, we face a torrent of speculation as to what changes the Chancellor might make to […]
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Jones Hill managing director and Kinesics founder Brian Hill on training advisers in non-verbal communication
Savers withdrew £6.5bn using the pension freedoms in 2017 according to data from HM Revenue and Customs. This is nearly £1bn more compared to 2016 when £5.7bn was taken out of pension savings. On a quarterly basis, nearly 200,000 people took payments from their pension totalling £1.5bn in the fourth quarter of 2017 which is […]
Sipp operators have no proven responsibility to conduct due diligence on investments, a trade body has said, as it warns the Financial Services Compensation Scheme is taking the wrong approach by making them foot the bill for redress claims. The Association of Member-Directed Pension Schemes has written to the lifeboat fund on the back of its […]