The Queen has announced Government plans to launch a pension protection fund to help members of collapsed private schemes that have lost most or all of their pension pot. It will also introduce a new pensions regulator to root out fraud and mal-administration. It intends to step up efforts to educate the public with the creation of an online retirement planning service.
Liverpool Victoria has introduced a with-profits income bond with an initial bonus rate of 4.25 per cent. The bond is for single premiums from £10,000 to £500,000 and has a minimum 100 per cent allocation for most clients. It features an MVR-free guarantee on death and a two-year smoothing policy so investors are not affected […]
Brown Shipley's fund management arm Solus has seen a reshuffle of funds and management team. The shake-up has been led by new managing director Tony Hurley and chairman David Rough. Hurley, who is also Brown Shipley's head of private banking, has taken over from Graeme Sinclair, who is leaving the company. Brown Shipley's investment policy […]
Rising confidence in the stockmarkets has brought a boost to sales of unit-linked funds, according to the ABI. Its latest figures show individual regular-premium life and pension business at £863m for the third quarter of this year, down from £947m in the second quarter and £917m in Q3 of last year. However, the ABI points […]
Fidelity's net retail sales reached just £7m in the third quarter, placing it outside the top 10 biggest retail sellers for the first time in almost five years, according to a confidential report. The giant fund firm achieved retail sales of £363m but redemptions hit £356m, leaving it trailing behind rivals such as Threadneedle and […]
Out there lies a warm ocean of desert islands, sun, sand and palm trees, where individuals can choose how and when to tax-efficiently access their pension fund and realise the retirement dreams they have worked so hard for.
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