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Out of Context: “I’m still waiting for a sports car to arrive with a bow on it”

“I’m still waiting for a sports car to arrive with a bow on it.”

Pensions minister Steve Webb says he is still waiting for his gift from Lamborghini after sparking a media frenzy when he said he was relaxed about pensioners buying cars with their savings.

“It horrifies me that my officials think in terms of waterbeds.”

Webb again on ”the waterbed effect”, a new piece of jargon coined by the DWP to describe hidden charges.

“You’ve got Jim’s best side – his quiet side.”

Partnership director Paul Glynn after an MM hack found herself facing the back of Partnership director of corporate affairs Jim Boyd.

“Bit difficult to talk right now. I’m on a chair lift.”

English Mutual boss Alex Morley demonstrates his professional commitment, fielding an MM hack’s enquiry while on a skiing break.

“Come on guys, let’s not hold grudges. That’s guidance, not advice.” 

Comedian Sally Phillips tells insurers at the ABI awards to bury the hatchet with journos and the FCA.



Aegon and Cofunds cut platform charges following Budget reforms

Aegon and Cofunds have reduced platform charges in the wake of the Budget, with Aegon becoming the first advised platform to introduce a cap on charges. Charges on Aegon’s One Retirement platform will be capped at £750 annually while charges on the Aegon Retirement Choices investment platform will be capped at £1,215 annually. There will […]


Cofunds to offer adviser charging from Sipp wrapper

Cofunds has changed its Sipp account to allow adviser and platform charges to be paid from cash held in the pension wrapper rather than the platform cash account. The change means Sipp clients with unbundled portfolios can now pay fees from the trading account, a short-term cash facility within the Sipp wrapper.  Cofunds says the […]


True Potential appoints compliance and investment heads

True Potential Investments has recruited former BlackRock compliance and monitoring vice president Sheriden Davy as head of risk and compliance and former Scottish Widows Investment Partnership investment director Colin Beveridge as chief investment officer.   True Potential Investments operates the business’s advised and direct platform arms. Prior to joining True Potential, Davy held senior roles […]


Adviser fee information escapes EU disclosure rules

Advisers will no longer have to duplicate information on fees in client disclosure documents being brought in under new European rules. Following last-minute negotiations EU policymakers have agreed a final text on the packaged retail investment products regulation, or Prips, which will be voted through the EU Parliament next week. As part of a number […]

Craig Inches – thoughts on how to preserve capital and generate income in an inflationary environment

In this short video, Craig Inches, head of short rates and cash at Royal London Asset Management, offers his thoughts on how to preserve capital and generate income in an inflationary environment. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well […]


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