T Bailey Asset Management has published a plain English guide on the recent changes to the Isa regime for investors. Advisers can obtain free bulk copies from the multi-manager specialist to send to their clients by calling 08451300005.
Potential future deputy prime minister Harriet Harman has distanced herself from the Government’s handling of the occupational pension crisis and admitted it was wrong to reject the Parliamentary Ombudsman’s report.Harman, who is minister for constitutional affairs, is the first member of the Government to question the Department for Work and Pensions’ handling of the debacle.Harman […]
The FSA’s retail distribution review committee on professionalism and reputation meets for the first time this week to thrash out fundamental questions on the future of the advice sector.The eight-person committee is chaired by Thinc Group corporate and strategy director Roderic Rennison and includes Chartered Insurance Institute director-general Sandy Scott and Institute of Financial Planning […]
NPI has been criticised for refusing to transfer pension assets to a divorcee without the signature of the former husband.In 2005, the client’s IFA, CBK, requested a pensionsharing order to transfer three of the ex-husband’s policies with NPI, Norwich Union and Clerical Medical.The client obtained a court consent order from Colchester County Court in March […]
The New Year brings new impetus to make changes to our businesses and time is of the essence.
Johnson Fleming has launched its new managed auto-enrolment service, designed to support SME businesses of up to 250 employees. The managed auto-enrolment service is not just about providing businesses with a software system for them to manage themselves, but more about outsourcing the administration of the project and scheme to Johnson Fleming’s auto-enrolment staff.
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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 […]