Norwich Union is to repay 34,000 stakeholder pension customers around £11m after an admin error. Clients were overcharged after the Government introduced a charging cap of 1 per cent for all stakeholder pensions in 2001.
The Investment Management Association has told MPs that its members are not prepared to invest in bank reconstructions as they believe institutions have yet to fully write down their exposures to toxic assets.
In this short video, Peter Rutter, head of global equities at Royal London Asset Management, explains how he uses the company life cycle framework as part of his investment approach. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]
Tatton Asset Management has seen its profits increase as the firm continues to show growth in the discretionary fund management arm of the business. Tatton Asset Management operates three business arms: a discretionary manager, Tatton Investment Management, an adviser support service arm, Paradigm Partners, and mortgage and protection distributor Paradigm Mortgages. The DFM side saw […]
Only half of drawdown customers are taking an income level that is likely to last them their lifetime, Royal London estimates. Figures from the firm’s drawdown governance service show that 53 per cent of customers have a less than 85 per cent chance their income will provide for them for life. However, Royal London notes […]