Royal London is bringing in carpetbagger prevention measures to stop new policyholders claiming windfalls if it demutualises. From July 1, when Scottish Life's business will transfer to Royal London, new policy-holders will not be entitled to compensation for loss of membership rights after demutualisation.
New Star Asset Management has introduced the European growth fund, an open-ended investment company that aims for capital growth by investing in Europe excluding the UK.The fund is managed by Richard Pease, who managed Jupiter Asset Management's European fund between January 1990 and December 2000.As New Star's recently appointed head of European equity management, he […]
I have a wealthy friend who has set up a trust for his children. I have been considering establishing a trust for some time now but I am unsure of the main benefits in doing so. Could you please advise me of the background to trusts, the various types of trust and whether any of […]
Leeds & Holbeck Building Society has unveiled a cash individualsavings account (Isa) for investors who have maturing tax exemptspecial savings accounts (Tessas.) The 2-year Tessa Isa is suitable for investors who are looking forsomewhere to put their Tessa cash but do not want to tie it upover the long-term. As a cash Isa, it could […]
If you are in the middle of taking the Advanced Financial Planning Certificate, then your first concern will be how to pass. The leap from FPC to AFPC is a daunting one and although you are doing the courses so you can advise your clients more effectively, getting through the exams can be made a […]
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.
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]