Prudential is looking at developing its own wrap but says it will monitor the market before making any decisions. If it goes ahead, it says it will adopt a model that involves third parties sharing costs.
Baring Asset Management has been called greedy after saying it is likely to follow Credit Suisse and Threadneedle in raising management charges. Baring marketing director Ian Pascal says his firm is looking at raising the charges on some of its funds, arguing that the increase is needed because the costs of running a fund management […]
Ninety-two per cent of IFAs say they intend to retain their independent status within the depolarised market. This is one of the main findings of The Exchange’s 2005 technology index, which surveyed 300 IFAs via the Exweb portal. The figure shows that the independent sector is here to stay.
Goy Harris Cartwright is relaunching its managed portfolio service as a range of fixed-weight portfolios with a new risk-grading system and a 1.25 per cent annual management charge. The system is intended to make it easier for clients to choose the strategy that is best suited to their investment needs and appetite for risk. Three […]
Jelf Employee Benefits has given its initial thoughts on the chancellor’s 2014 Autumn Statement. The company is seeking to isolate the sections of the speech (and the supporting document) that are relevant to the employee benefits debate. The first such area is pensions related.
Savers are rushing to top-up their pensions amid fears chancellor Philip Hammond will deliver a further cut to the annual allowance in this month’s Budget, Zurich says. Cash flowing into pensions on Zurich’s investment platform soared 98 per cent in September compared to the annual average, the firm has found. The value of one-off pension […]
Every pound spent on financial education initiates can create more than £5 in social value, a new study finds. Research firm ERS examined the impact of “survival” money management workshops delivered to more than a thousand 16-25-year olds who were either not in work, full-time education or training, or had care responsibilities. They found that […]
Despite pressure to come down on the market like a ton of bricks, the FCA has taken a measured approach to improving standards Another week, another barrage of headlines about an FCA intervention on defined benefit pension transfers. The regulator’s latest missive focuses squarely on the standards and processes advisers employ when carrying out pension […]