Trust-based Sipps will continue to be prevented from holding protected rights, according to the latest Department for Work and Pensions update. But Sipp arrangements will be allowed to sit within the wrapper of an appropriate scheme without invalidating its contracted-out status.
Advisers are likely to avoid any major increase in FSA fees next year, with predicted increases set to come in below the rate of inflation. Advisers in levy block A13 will pay an increase of between 0.9 per cent and 2.5 per cent. Small firms with one approved person face a 0.9 per cent increase. […]
Estate agency Spicerhaart bel-ieves that home information packs will boost the housing market by increasing the number of first-time buyers. It argues that FTBs will save up to 1,000, which will give them more incentive to get on the property ladder. FTB levels have fallen below 30 per cent from 45 per cent in 2000. […]
Our panel say ad spending is rising to build on confidence for Isa sales, plus: the implications of A-Day for fund firms
IFA firm Compass is offering specialist financial advice for transsexuals. The London firm says its TransFinance service will ensure fair treatment for transsexual people when applying for financial products. Managing director Chris Morgan says a growing number of transgender clients have contacted the firm after suffering discrimination by mortgage and insurance firms despite ABI guidelines. […]
Jacob de Tusch-Lec, manager of the Global Income Fund, analyses a sell-off so “vicious” that the ‘hot’ stocks are underperforming emerging markets. What does it mean for the portfolio – now and in the months to come?
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]