The Personal Accounts Delivery Authority has confirmed that Logica UK has withdrawn from the bidding process to administer personal accounts, leaving only two bidders, Tata Consultancy Services and a team including Great West Retirement Services and Canada Life. Danish admin firm ATP withdrew in October.
Metlife is increasing the guarantee choice on its retirement portfolio.
Meteor Asset Management is looking to create a new company to hive off the administration function from the plan management promotion for its structured products.
Fidelity International says platforms using guided architecture or packaged fund lists should have to disclose all commercial considerations involved in the providers being included. UK retail sales head Peter Hicks warns that if this data is not available then advisers are “left in the dark”. He says: “It is all very well saying this is […]
So Argos is comparing the market, with supposedly links to thousands of brokers. Does this mean the applicant will be forced into completing the application form using a tiny little pen? Will people have to press a few buttons, just to see if Woolwich have any mortgages in stock? Then once your application has gone […]
While equity valuations have doubled since the financial crisis, Simon Edelsten explains that there are still pockets of value. But not where you might think Macro-economic uncertainty is causing turbulence in equity markets. Artemis Global Select Fund manager Simon Edelsten says his investment themes are taking him in a different direction to some of his peers – away […]
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Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
Fund managers like to trade off having a unique style. There thousands of funds out there to choose from – the question I often hear from advisers is: what makes this person different? Sometimes this can be a really tough one to answer. “We invest for the long term” is all fine and good, but […]
With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]