The Personal Finance Society is to consult members on their use of wrap in the form of a short questionnaire with the results to be used in the PFS’s discussions with the FSA over wraps and platforms.
GMAC-RFC has set up an adverse product that it claims offers the UK’s first-ever rate/ redemption swap.The deal, called Merc, is at base rate minus 0.01 per cent until September 2010, which then rises to base rate plus 1.99 per cent, with a £2,995 arrangement fee. But if the base rate increases, the 3 per […]
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Self Cert Three Year Flexible Fixed
A spell of gardening leave gave this founding partner of J Rothschild Assurance time to reflect on life. So, as he sets out on the acquisition trail as chief executive of Thinc Group – now part of the Axa stable – he stresses that it is what you are, not who you are, that is important. Interview by Sam Shaw
Nil-rate band planning for inheritance tax can be a very effective strategy.
Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]