Association of British Insurers director general Stephen Haddrill has claimed Prime Minister Gordon Brown’s plan to cut taxes will increase the pension savings gap.
Adviser Fund Index panellists cut the British equity weighting in the Aggressive index by 7 per cent at the latest rebalancing. The allocation fell from 35 per cent to just 28 per cent on November 1, despite the addition of several British funds, including Cazenove UK Absolute Target.
Inflation dropped to 4.5 per cent in October, down from 5.2 per cent in September, a larger than expected drop.
The regulator has told mortgage advisers to check their basics before looking at alternative sources of income.
US rate rise: A new era to buy and hold quality By Felix Wintle, Head of US Equities Watch Felix Wintle discuss the US’s first rate rising cycle in a decade and why he believes a focus on quality stocks will be key for outperformance in this environment. In the video Felix discusses: The impact […]
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
It is likely the increased regulatory scrutiny on fund managers’ value could filter down to advice firms in the future In my last article, I considered the influence a non-executive director could have in challenging an advice firm’s business model in light of the pension transfer issues. Now, in its asset management market study final […]
The financial services industry has failed to find ways of nudging consumers to think about their options at retirement, despite three years of pension freedoms. A panel at the Association of British Insurers retirement conference today lamented the way companies talk to people about pensions and the lack of engagement it inspires. ABI director general […]
The new chief executive of the single financial guidance body can expect a salary of £175,000 a year, according to a job advert posted online. The advert, posted on the Cabinet Office website says applications will close in mid-May with final interviews held in early July. The date for announcing the successful candidate has not […]