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Aim and fire: What Wheatley’s exit means for the industry

FCA chief executive Martin Wheatley was forced out of the regulator over his handling of the closed-book debacle and tumultuous relationship with the banking industry. It was announced last week that Wheatley will stand down from 12 September, with director of supervision Tracey McDermott acting as interim chief executive. A statement from Chancellor George Osborne, […]

Bellpenny sales director exits

Consolidator Bellpenny’s sales director Simon Youlton has left the firm and moved to Australia. Youlton has been with the business since July 2013, and was national financial planning manager before rising to head of financial planning and ultimately being appointed sales director. A spokesman for the firm said: “We’ve always known that it has been […]

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Andrew Tully: Changes to pensions are now inevitable

Another year, another Budget and yet more changes to pensions. Bizarrely, change seems inevitable now. This first Budget of the new Conservative Government has one relatively minor, yet horribly complex, change which affects higher earners. Alongside that there is a blockbuster measure considering whether we should rip up the pension tax rule book and start […]

Pension wise
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Industry divided over Pension Wise expansion plans

Pension providers are divided over whether Government-backed Pension Wise should be extended to younger people and not just those at the point of retirement. Last week Money Marketing revealed policymakers were considering expanding the eligibility criteria for the new guidance service just three months after its launch. Yesterday, the Budget document confirmed Pension Wise will […]

Investment

Alternative assets: what are they and why invest in them?

Michael Howard, Head of Alternative Investments at Prudential Portfolio Management Group (PPMG), analyses how alternative assets can benefit multi-asset portfolios. As yields have compressed and forward-looking return expectations have fallen in the past few years, investors have sought alternatives to traditional asset classes to supplement their income and boost their total return. Please remember that […]

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