“I’ve never wielded an axe in my life.”Bankhall chief executive officer Peter Mann to colleague Richard Howells”It’s like people’s sexuality. There is no black or white, just many shades of grey.” FP Advance’s Brett Davidson on the fees versus commission debate”It always makes me laugh when the waiter comes and asks what you would like to drink. I always say: Lots.” Critical-illness insurance pioneer Dr Marius Barnard”He tends to get even more lively as the night goes on. Annoyingly so, sometimes, like at 3am when you want to go to bed.” Bankhall’s Richard Howells on colleague Tony Murrell’s approach to a night out”You look far too happy.” Burns-Anderson chief executive officer Mike Hughes to MM hackReturning to our much-loved occasional series of lookalikes, we have photographic evidence of Standard Life mutual funds sales director Phil Barker bumping into his doppelganger Mick McCarthy on a recent holiday in Portugal. Barker told the Irish football legend that people say they look alike, leading to a reply of: “Well, we’ve both got grey hair and a broken nose” from McCarthy.
I am involved in dealing with a client who has two individual pension arrangements, one with Legal & General and one with Friends Provident, in respect of the same employment. One fund value is about 240,000 and the other is 150,000. The bigger fund value has the benefit of very attractive guaranteed annuity rates. If […]
A friend and client of mine has a small Prudential pension policy (fund value 1,800). He has just received documents and papers for the commencement of the annuity and the payment of the lump sum. The number of pages in these documents? There were 79. In the immortal words asked of the great George Best: […]
The issue is having wider repercussions as the consumer benefit of the document in its current form is now being called into question. Aifa director general Chris Cummings says the OFT’s decision has sent a clear message that the menu has been skewed against advisers since it was set up when depolarisation was introduced last […]
The Adviser Fund Index panellists would have fared better investing their equity exposure in British shares over the past six months rather than spreading allocation overseas. Just one-third of the 108 Aggressive AFI constituents have posted positive returns in the six-month period to August 9, according to Financial Express. The majority of equity funds in […]
The strong dollar is hurting exporters, but the domestic economy is growing, the banks are strong and consumers are paying off their debts, says Cormac Weldon, head of Artemis’ US team.
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]