Nowhere is this more evident than in the row over section 32 contracts, with three of the most respected pension providers – Scottish Equitable, Standard Life and now Norwich Union wading into the debate with different points of view. Are s32s being overplayed as a solution for those in EPPs and other occupational money-purchase schemes? Advisers could not be blamed for feeling confused when even gurus cannot agree. Revenue & Customs and the FSA must give clear guidelines as to how advisers should be doing the job they have been set.
There has been much debate recently surrounding Shepherds Funds. IFAs may have missed one important point – that is, to notify your PI insurers that you have clients in these funds as soon as possible. This is especially true if you are coming up to renewal. In extreme cases, failure to do so could prompt […]
F&C’s multi-manager team has sold its holding in the Thames River Japan fund in its multi-manager balanced fund while increasing its exposure to the CF Morant Wright Japan fund.
With regard to the recent feature on domicile, I think the panel of experts omitted one fact. It is not possible to be domiciled “in the UK” for most international purposes – the country is the United Kingdom which comprises Great Britain and Northern Ireland. Great Britain comprises two different jurisdictions (England/Wales and Scotland), while […]
A Government report is calling for finance to be embedded in school curriculum subjects but has ruled out the need for an urgent financial education programme for adults. According to a review conducted by Ecotec Research and Consulting on behalf of the Department for Work and Pensions, the non-compulsory status of financial education means that […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]