Less than 4 per cent of SimplyBiz and Compliance First advisers say they will consider the restricted advice route post-RDR, according to SimplyBiz chairman Ken Davy. The support services firm surveyed 500 of its member IFAs and found that appetite for the restricted route dropped further still when advisers realised that the qualification and remuneration […]
Sesame Bankhall Group executive chairman Ivan Martin has written an open letter calling on the Government and the FSA to give the regulator a mandate to boost the UK savings market. Martin (pictured) has penned an open letter to chancellor George Osborne and FSA chief executive Hector Sants which argues that the trend towards fewer […]
Invesco Perpetual income guru Neil Woodford has warned that the chances of a double-dip recession in the UK are on the rise. Woodford says that the possibility of two quarters of negative GDP is being directed by the increasing likelihood of more fiscal consolidation and larger budget deficits. Woodford says his expectations of a slow […]
Equity fund managers have slammed the absolute return format, saying despite the promises of providers investors are “dreaming” if they think the funds can guarantee growth above cash levels. Absolute return has come under further fire, after several of the products have failed to deliver positive performance regardless of market conditions, at a debate hosted […]
With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.
The European markets regulator has expressed concern UK finance companies could make use of loopholes between the UK and EU after Brexit, according to the Financial Times. Speaking at a conference in London, the European Securities and Markets Authority chair Steve Maijoor said this was one of the reasons Esma is seeking to directly supervise […]
Theresa May’s announcement from earlier today that she will step down as prime minister on Friday 7 June brought a new direction to deadlocked British political scene. Yet figures from the investment management sector say her resignation does not spell the end of uncertainty, which has been holding back investment decisions. Hermes Investment Management chief […]
The FCA’s Intergenerational Differences paper highlights the difficulties that people in their late 30s to early 50s face in saving for retirement. How can the industry improve their prospects? Grouping people according to age, gender, marital status and how wealthy they are is something product providers and advice firms do to tailor their services to […]