Pioneer Friendly Society is removing the final two exclusions, war and HIV, from its Pure Protection contract.
The Government has set its Isa reforms in stone laying out regulations to ensure greater flexibility and long-term stability for the product.Economic secretary to the Treasury Kitty Ussher today laid regulations to make Isas available indefinitely, allow Peps to automatically become stocks and shares Isas and allow savers to transfer money saved in cash Isas […]
Global consultant Navigant Consulting has acquired UK financial services consultancy Troika. The consulting firm provides operational, dispute, investigative, risk management and financial advisory solutions to legal counsel, government agencies and companies experiencing regulatory or structural challenges. Troika provides consultancy services to the financial services industry covering operations performance improvement, product and distribution strategies, organization, people, […]
Close life consolidator Pearl Group has acquired an 11.28 per cent stake in Resolution via a direct stake and derivatives.
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Loomis Sayles senior global economist James Balfour looks at the three main macro themes evident during October: a world lacking in demand; the strength of global market performance; and the required exit from profits recession. Click here
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]