View more on these topics

New research stresses importance of OMO

Just Retirement says A-Day seems to have encouraged more people to shop around for the best annuity at retirement – with latest ABI sales data showing that more than 50 per cent of funds took the Open Market Option.

Just Retirement group marketing director David Cooper says he welcomes increased awareness that a better deal is often available by switching provider at retirement. However, he warns that there is still some way to go in ensuring that everyone gets the best possible income.

New research from the firm shows 69 per cent of people would still rely on their existing pension provider to decide what to do about their finances on retirement. Given that the majority of people surveyed (64 per cent), believed that retirement would not result in a significant reduction in their living expenses, Cooper says it is imperative that they obtain the maximum possible income from their pension funds. It was also a matter of concern that 74 per cent of people are still not aware, for example, that if they are in ill health or have certain lifestyle conditions they could be entitled to an increased pension through enhanced or impaired annuities.

Cooper says failing to “shop around” could undo much of the effort made by advisers to select the right fund and pension scheme for a client.

He says: “With so much concentration on selecting the right fund managers to add value, allowing funds to rollover into an annuity with the holding provider could be equivalent to throwing away additional returns of 2.5 per cent per annum over 10 years pre-retirement.”


Warning of claim avalanche across loan sectors

Mortgage brokers are being warned that an avalanche of claims across numerous sectors is building up that could eventually engulf the sector in more woe.Law firm Reynolds Porter Chamberlain says intermediaries should not be fooled by the benign and prosperous climate as poor advice given in the past could come back to bite.The stark warning, […]

Stephen Snowden

The head of Old Mutual Asset Managers’ corporate bond fund took over the reins of the top-performer three ago and has maintained the fund’s sparkling performance by freeing up its mandate and through a mixture of playing themes and reinvention. One of his present themes is the ‘botherance factor’ of bonds with restrictive covenants. Interview by James Phillipps.

Clerical Medical launches offshore website

Clerical Medical International has launched a website at to promote its offshore business.The website includes features such as daily fund prices, fund performance information, fund fact sheets and product brochures. A zone for financial advisers includes an online quote request service, administration forms and other product information. Clerical Medical International general manager Dean Waddingham […]

Fidelity offers free Pep and Isa transfers into MM Oeic range

Fidelity International is offering free Pep and Isa transfers into its multi-manager Oeic range, also available through FundsNetwork.The funds included in the offer are Fidelity multi-manager growth portfolio, Fidelity multi-manager income portfolio, Fidelity multi-manager distribution fund, Fidelity multi-manager special situations portfolio, Fidelity multi-manager equity income portfolio.   The initial charge on transfers has been reduced to […]

Trusts and Taxations

Take a look at the trusts and trustee taxation video – The definition and classification of trusts. Once you’ve viewed the boxset, visit our Test Centre to test your learning and get your CPD certificate. View here


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm