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 Pensions Regulator’s new chief executive Charles Counsell has told MPs he is “confident” it will “respond really rapidly” to any future misselling scandal along the lines of British Steel. Giving evidence to the work and pensions select committee today, Counsell was asked to provide an update on the rollout of a review into the […]
Sometimes all that is required to move a firm out of a rut is a fresh look at its to-do list One of the great frustrations of running your own business is feeling like you are on a treadmill, stuck at your current level of growth. This happens to everyone from time to time but […]
A colleague and I had just finished presenting the outcome of a financial planning exercise to a lovely couple spending a good deal of time and money exploring the world post-redundancy/retirement. We had spent the best part of an hour looking at their net worth position, their income and expenditure, and how the relationship between […]