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 […]
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Scammers are pretending to have offices in London’s famous Gherkin building as part of their attempts to impersonate a genuine asset manager. The ‘clone’ scam the FCA has highlighted in a website post today involves fraudsters borrowing the name of Wharton Asset Management, which is actually based on Harley Street in London, but forges an […]