IFA consolidation vehicle Perspective Financial Group has acquired its sixth firm, Rutherford Wilkinson, which has 16 advisers and 150m of funds under advice. It will continue to trade under its current name with the existing management structure.
Aegon Scottish Equitable chief executive Otto Thoresen is warning that the timetable for implementing the retail distribution review reforms is too tight and could drive good advisers out of the industry.
Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.
Consultants Mercer estimate nearly one third of a trillion pounds will be paid out from defined benefit schemes between 2019 and 2021. The record amount is due to large numbers of active and deferred members expected to transfer to another arrangement alongside a rapidly growing buy-in and buy-out market. This year has seen a record […]
Advisers must ensure all available reliefs and exemptions are used as far as they can be As announced in this year’s Budget, the capital gains tax annual exempt amount will increase from £11,700 in 2018/19 to £12,000 in 2019/20. The annual exempt amount available to trustees will increase from £5,850 to £6,000 – although this […]
LEBC director of public policy and investment committee chairman Kay Ingram on giving clients access to the defensive qualities of active funds, even though passive funds have lower charges Do you approach investment management in-house, outsource it or combine both?We do both as we look after a wide variety of clients, ranging from group pension […]