The Derbyshire (Isle of Man) is maintaining its Manx bonds rates consistent for a second month, amidst continuing uncertainty over UK base rates.Savers can benefit from a guaranteed rate of up to 5.15 per cent gross until May 30, and fast-moving savers are able to take advantage of the rate on the one-year Manx bond, […]
Isn’t it funny how quickly things change in our industry? After four years of using uneconomic commission to establish a false market for stake- holder pensions, many product providers have suddenly gone cold on the idea.
This month will see the release of a TV advertising campaign to raise awareness of auto-enrolment among small and micro employers. It arrives before an unprecedented number of businesses approach their staging date.
Some investors holding money with Blackmore Bonds are yet to receive July interest payments, despite the firm’s insistence all funds have been transferred and cleared. One such investor has told Money Marketing they have been “ignored” by Blackmore. Chief executive of the mini-bond provider Patrick McCreesh told Money Marketing this week that some investors holding Isas […]
Rebates have been confirmed as taxable this month, in the long-running clash between Hargreaves Lansdown and HMRC. This effectively confirms “superclean” share classes are the most tax-efficient mechanism for delivering preferential rates on funds, rather than the oxymoronic “clean with rebates”. Asset managers will be very reluctant to implement multiple share classes at varying prices […]
Collapsed Sipp administrator GPC Sipp has nearly £1m in debts owed to creditors according to a statement of affairs document published on Companies House. It shows there is a shortfall of £964,832.00 owed to creditors and most of the Sipp shares are owned by managing director Kathryn Taylor who holds 73 shares. The others are […]