The Treasury is set to recoup its remaining stake in Lloyds Banking Group and return the bank to private ownership at a profit. The Financial Times reports the Government is expected to offload a tranche of 1.4bn shares to sell out of Lloyds completely by the end of May. The Treasury has a stake of […]
Aberdeen Asset Management and Standard Life have “big plans” to enter the smart beta arena as the merging firms prepare to present their new investment strategy. The divisional investment structure of Aberdeen and Standard Life, which will be presented to shareholders in early May, will focus on up to six investment strategies within equity, fixed […]
Concerns have been raised about how effective the FCA’s cross-subsidy rules are in stopping vertically integrated firms from running advice propositions at a loss and propping them up through product and platform charges. Rules for vertically integrated firms were introduced under the RDR to stop them “unreasonably” cross-subsiding the cost of providing advice from other […]
The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes
Dividends are under pressure in some areas: but reliable yields can still be found. So says Adrian Frost, manager of the Artemis Income Fund, in conversation with Lawrence Gosling.
- Top trends
- Top trends
- Pension tax relief in firing line as Hammond mulls ‘intergenerational fairness’ Budget
- Scottish Widows mulls Standard Life corporate pensions book takeover
- Martin Lewis wins claim against PPI chaser that used his image
- The future of Cofunds: What next for a platform titan?
- How much are advisers charging for pension transfers?
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]
National advice firm Foster Denovo has acquired employee benefits consultancy TEBC. The deal brings over 100 corporate client relationships, and Foster Denovo will look to build TEBC’s staff into its own employee benefits division, Secondsight. Foster Denovo says the deal is the first in an acquisition strategy it will be pursuing. Chief executive Roger Brosch […]