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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Standard Life Aberdeen has reported outflows of £31bn in its full year results, six months after the mega merger at the Scottish fund houses completed. In August 2017, Standard Life and Aberdeen Asset Management joined forces to become Standard Life Aberdeen, a giant global asset management powerhouse running £655bn assets. In its full year results, […]
Aviva has sold the rest of its Spanish businesses as it continues to pivot back towards the UK market. Aviva began disposing all of its Spanish life and pension businesses last September, following on from the sale of its Italian joint venture and offshore Friends Provident International businesses earlier in 2017. Since 2009, it has […]
Standard Life Aberdeen has sold its insurance arm to Phoenix in a £3bn deal. In the first results since the merger of Standard Life and Aberdeen Asset Management, the firm has said it has decided to exit the insurance market. Phoenix will pay a total of £2.3bn in cash for the business. Standard Life Aberdeen […]