The Mortgage Alliance has launched a two-year semi-exclusive tracker mortgage funded by Abbey for Intermediaries.
Financial advisers plan to shift from initial commission to trail and fee-based remuneration over the next three years, according to research from Skandia.
Rathbones is looking at mov- ing its £49m income and growth fund into the UK equ- ity income sector.
Forty-two per cent of 50 to 65 year-olds say they have no clear idea of what income they will have in retirement, according to research by Aegon.
In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]