The Government says it will not weaken the current advice requirement on overseas pension transfers in a response to a consultation published today. In September 2016, the Government asked if the requirement that members with benefits over £30,000 must receive final advice works for non-UK residents. The consultation called for evidence on whether the requirement […]
Jupiter has reported a 13 per cent increase in pre-tax profits for 2017, taking its yearly total to nearly £193m. The asset manager raked in a total of £410m in revenues, with a net management fee margin of 85 basis points on average assets under management across the year of £46.2bn. Jupiter paid out £42m […]
Nucleus could become the latest adviser-backed platform to float as reports emerge that it has appointed a broker to oversee a stock market listing. The platform currently has around £13bn of assets under administration, and is eyeing a float valuation upwards of £100m, according to Sky News. Nucleus had been eyeing a float in 2016, […]
Confederation of British Industry president Paul Dreschsler has expressed concern over a likely decline in investment interest in the UK due to Conservative MP’s plans for a hard Brexit. Speaking on Monday, the Financial Times reports that Dreschsler said plans to nationalise British industry, including water, railways and energy networks would also obstruct the UK’s […]
There are several arguments that one could currently make for why credit markets look unattractive. These include signals that the US economy is in late cycle, the fact that corporate leverage has been increasing (with 2016 setting a record for the amount of global bond issuance), and that US high-yield default rates have risen considerably […]
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