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.
Consultants Mercer estimate nearly one third of a trillion pounds will be paid out from defined benefit schemes between 2019 and 2021. The record amount is due to large numbers of active and deferred members expected to transfer to another arrangement alongside a rapidly growing buy-in and buy-out market. This year has seen a record […]
Advisers must ensure all available reliefs and exemptions are used as far as they can be As announced in this year’s Budget, the capital gains tax annual exempt amount will increase from £11,700 in 2018/19 to £12,000 in 2019/20. The annual exempt amount available to trustees will increase from £5,850 to £6,000 – although this […]
LEBC director of public policy and investment committee chairman Kay Ingram on giving clients access to the defensive qualities of active funds, even though passive funds have lower charges Do you approach investment management in-house, outsource it or combine both?We do both as we look after a wide variety of clients, ranging from group pension […]