Around 3.2 million people are relying on property for their pension and 33 per cent of UK adults are not making any provision for retirement, says Baring Asset Management. Its research shows that 7 per cent of people are relying on property investments to fund their retirement which Barings says leaves them “dangerously exposed” to fluctuations in the UK property market.
Lord Lipsey’s remarks suggesting that some people lied to get compensation by pretending not to remember conversations in both the pension and endowment reviews have provoked outrage among advisers.
Equity income manager Graham Ashby joined Credit Suisse this week as managing director and head of UK retail equities from Sarasin Chiswell.
Only 9 per cent of IFAs believe that personal accounts are a positive move for the financial services market according to research from The Pensions Report 2007.The report, produced in partnership with TaxBriefs, has also revealed that 56 per cent of IFAs do not have a good understanding of the government’s proposed personal accounts scheme.Furthermore, […]
JO Hambro UK equity income manager Clive Beagles is taking a six-month sabbatical.Beagles made the decision to take the sabbatical on health grounds and will pass management of the £533m fund to James Lowen. The news was revealed exclusively by Money Marketing Online. Beagles joined Hambro from Newton in 2004 and his UK equity income […]
Fiona Tait – Pensions Specialist, Royal London The DGS is more than just a pretty website, it can help you to target those clients who are most likely to be affected by the proposed cut in the Money Purchase Annual Allowance MPAA). Clients who have triggered the MPAA When it was launched Royal London automatically uploaded […]
- Top trends
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]