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Tracey Evans: Drawdown problems are a ticking time bomb

Over the last few weeks I’ve been reviewing recent reports available to the advisory community. The one which particularly caught my attention was “Drawdown: Is it working for consumers?” which was produced by Zurich. It is based on a YouGov survey of 742 people who have moved into drawdown since pension freedoms began. The main points I pulled from the research […]

Latin America H2 outlook: Mexico, Brazil & presidential elections

Thomas Smith, Investment Director, Co-Head of Emerging Market Equities Monetary policy, reform momentum and the upcoming presidential elections. What next for LatAm? Investment risks This Fund may have a high volatility rating and past performance is not a guide to future performance. The value of an investment and any income from it can fall as […]

Old Mutual Wealth buys accountancy firm’s advice arm

Old Mutual Wealth Private Client Advisers has acquired the advice arm of Carlisle-based accountancy business Saint & Co, adding £100m assets under advice. Saint & Co partner and adviser Philip Dhillon, adviser Trevor Iredale and a support team will join OMW Private Client Advisers’ Cumbria regional hub. Old Mutual Wealth Private Client Advisers director Dominic […]

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Court ruling opens banks up to £18bn in PPI payouts

A court ruling could result in banks paying up to £18bn in compensation to customers missold payment protection insurance. The Financial Times reports on a Manchester County Court hearing in June where the judge decided a couple was entitled to get all of the 76 per cent commission they paid back in compensation. The FCA […]

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