Openwork is the first major retirement adviser firm to include fixed-term annuities in its product range by teaming up with Living Time to offer the plans as an alternative to lifetime annuities.
The March Budget confirmed the clampdown on scheme pensions but it looks like there is still life in the sector.
Northern Rock saw a statutory loss before tax of £167.6m, down from 2006’s £626.7m profit, it has revealed in its full year results today.
The changes to capital gains tax have created uncertainty over the relative merits of different investment products. This has reignited the long-running debate as to whether a client should invest via a life bond or a mutual fund.
Taking my life as editor of Money Marketing in my hands, I would like to make a suggestion about treating customers fairly which may not be music to the ears of every IFA but may make sense for their businesses. I cannot help wondering if it might be possible for advisers to work with the FSA and strike a less oppositional note.
By Simon Halifax, senior marketing consultant For a few years now, mortgage advisers have probably been warning their clients that there’s only one direction that the interest rate is going and that’s up (well, I know mine has!). However, the financial landscape changed when the UK voted to leave the European Union last month and […]
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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 […]