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Pensions ombudsman sides with Aviva on pension loss case

A complaint that an Aviva system error kept an investor from retirement for five years and resulted in substantial financial distress has been rejected by the Pensions Ombudsman. The complainant – Mr D – held an Aviva Pension Plan until 2008, during which time he was underpaid £37,010.57 due to a fault in Aviva’s processing system […]

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MPs urge Hammond to overhaul pension tax relief

The government has received renewed calls to encourage greater saving through introducing a flat rate of pension tax relief. In a report from the Treasury select committee on household savings, MPs say the government should give “serious consideration” not just to a flat rate of pension tax relief, but also promote greater understanding that it […]

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Bank of England raises UK interest rate to 0.75%

The Bank of England has increased the UK interest base rate from 0.50 per cent to 0.75 per cent, the highest level since March 2009. This is the second rate rise in a row, the last happening in November 2017, when it was pushed from 0.25 per cent to 0.50 per cent. It is also […]

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Tenet partners with mortgage network on wealth offering

Tenet has partnered with mortgage network the Mortgage Advice Bureau on a wealth and equity release offering. MAB plans to use the financial advice network’s business development support to grow beyond its 14 wealth advisers. It is understood MAB chose Tenet as a partner because it allows firms to give equity release advice. MAB wealth […]

Global energy: positioning for a recovery in the oil price Š

Richard Hulf explains how he and John Dodd have positioned the Artemis Global Energy Fund and where they are finding opportunities. Richard explains how he and John are changing the complexion of the fund to focus on the most efficient oil producers. As he tells journalist Alexis Xydias, in this environment of lower prices, he […]

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