The Treasury is believed to have postponed for two weeks the announcement of its decision on raising the 1 per cent stakeholder price cap. The decision, which is thought to have been made, will now be unveiled in two weeks time when Parliament reconvenes.
Fidelity will enter the child trust fund market as soon as the scheme is launched next year. The group says it will launch both a CTF which meets the Government's stakeholder requirements and one which will go beyond these specifications through supermarket FundsNetwork. Parents will have the choice of 900 funds from 55 providers, all […]
The Association of Consulting Actuaries is warning that the Government's proposals to encourage occupational pensions are more likely to discourage provision and add to employers' costs. An ACA survey found that of the 459 responses from smaller firms, only 8 per cent said the Pensions Bill would increase occupational pension schemes in individual businesses. The […]
Extreme care is needed when selecting Section 32 contracts to preserve tax-free cash entitlement in the run up to 6 April 2006 says Abbey for intermediaries. Unless the individual has opted for protection against the lifetime allowance charge, and their tax-free cash entitlement at A-day exceeds £375,000, the protection for the tax-free cash entitlement is […]
Charcol Holden Meehan director Amanda Davidson says the high-networth IFA has never been part of Bradford & Bingley's core business activities. She has urged Bradford & Bingley to find a buyer as soon as possible so as to keep any period of disruption at the London IFA to a minimum. Davidson says she is surprised […]
It can be difficult for employees to control their spending habits, in fact they may not realise that they have bad habits at all.
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Tenet is looking to attract advisers from providers and banks with a new ‘business in a box’ solution. The network is vying for business from advisers who want to pursue the self-employed route in the simplest fashion. For example, the network will help the adviser set up their own limited company and provide loans for […]
The Financial Ombudsman Service has told Kingswood Financial Advisors to compensate a client over a Sipp investment in an unregulated Harlequin property fund. The case concerns Mr B’s complaints about the advice he received regarding two unregulated investments: one into a Harlequin property fund and the other into Green Oil. The ombudsman’s ruling relates to […]
A former Fidelity International female employee is claiming compensation against the asset manager following an alleged case of harassment from senior management, Money Marketing can reveal. The employee, who we will name Mrs A, and who used to be based at one of Fidelity’s offices in India, was sent an employment termination letter on 14 March […]