Part-time workers have a hard life. Many of them are low-paid. Many are women. Many are excluded from occupational pension schemes. But, supported by their unions, they are fighting back. They are also getting help from the European Court of Justice. Last December, the ECJ ruled in favour of a mental health officer on the […]
Mortgage Trust is paying out its first renewal commissions to brokers which last year completed over £1m of business on its two flexible mortgage products, the Early Payment Plus and the Current Account Mortgage. Brokers have to be members of Mortgage Trust's Millionaires Club, which supports IFAs which sell mortgages in volume. They will get […]
Norwich Union's £53.5m Norwich American smaller companies trust is ninth out of 1,495 unit trusts over the last year, with growth of 27.88 per cent. The top 10, for so long dominated by Hong Kong trusts, emerging market funds and trackers, now includes five funds investing in North America. The NU fund, managed by Terry […]
Axa Sun Life is revamping its entire product range in its first major drive into the IFA market since the £690m Axa Equity & Law merger with Sun Life. The two companies merged last July. Axa will become the direct arm and Sun Life was relaunched last week as the IFA arm. The new IFA […]
This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar.
In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]