Scottish Amicable has enhanced its Long-Term Care Bond allowing policyholders to choose the number of activities of daily living covered by a claim. The maximum level of cover has increased to £36,000 from £30,000 and investors are now able to receive a cash lump sum after the failure of one ADL.
Co-operative Insurance Society is advising their 80,000 customers with unit trust PEPs to switch to one of their ISAs so that they can continue to save tax-free after next April.The CIS ISA consists of a maxi and three mini accounts. Investors will be able to choose from a deposit account at The Co-operative Bank, three […]
The Association of Investment Trust Companies has appointed two independent directors to its executive committee.It has appointed Dick Barfield, a former chief investment manager with Standard Life Assurance Company, and David Price, formerly deputy chairman of Mercury Asset Management.Barfield is a director of the Baillie Gifford Japan Trust and Price is on the board of […]
Scottish Widows International is offering its International Bond and its Private Portfolio Bond to UK investors for the first time. Previously the products were only available to non-UK residents.Scottish Widows is also launching a dedicated Year 2000 helpdesk for IFAs which can be accessed via the company's extranet site, e-mail or telephone. It will outline […]
Plans to develop an EU directive harmonising the treatment of venture capital funds across the union have been shelved by the Commission.Discussions between the member states and representatives of the European venture capital industry concluded that legislation in the industry is unnecessary.The industry is now for the Commission to examine the tax treatment of funds […]
Nicolas Just, Head of Smart Beta at Seeyond, says the most important point to recognise about the Seeyond approach to investing is that it sees volatility as an asset class and, with its factor-plus products, it aims to build portfolios that will outperform an index over one year/achieve outperformance as frequently as it can.
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Intrinsic must compensate a client for the pension transfer advice it gave them. According to a Financial Ombudsman Service decision, in 2015 Mrs C was told to transfer her two existing personal pensions valued around £80,000 to a new Sipp provider. This money was placed in a scheme where Mrs C could adopt a dynamic […]
“There is nothing permanent except change”, so said the “weeping philosopher” Heraclitus circa 500 BC. Few would argue change was not needed in the retirement income market; it is just no one expected it to be so inorganic and non-negotiable. The impact of the pension freedoms Budget bombshell in 2014 was immediate and significant. Revisiting […]
True Potential has grown assets in its discretionary portfolios by £2.1bn in 2017. In its annual results, published today, the platform says it has attracted £3.8bn assets in its in-house funds in 2017, up from £1.7bn in the previous year. Assets into the funds were at £0.7bn in 2015. Since launch in October 2015, True […]