Safe Home Income Plan chairman Jon King has challenged the Government to provide greater clarity on its views on the future of the equity-release market.King’s call comes after Money Marketing revealed last week that proposals are being drawn up by consu- mer group Which? to be presented to the Treasury for the establishment of a state-run equity-release scheme. MPs attacked “misleading” equity-release ads in Parliament last week and King wants the Government to say whether it supports equity-release as a means of funding retirement income. He says: “We want their position to be made clear on whether equity-release should be brought into the mainstream. We have a vibrant private sector so it would be beneficial for the Government to come out and say whether they support the market. “The idea of a state-run scheme was floated at the Labour party conference a couple of years ago but we have heard nothing since.” The Treasury refuses to comment on the market or on the possibility of laun- ching a state-run, not-for-profit scheme. It first wants to see the research from Which? which is expected later this year.
The Government has published its Green Paper on incapacity reforms, with Work and Pensions Secretary John Hutton telling the Commons that he aims to get one million claimants off benefit and back to work over 10 years.
IFA Promotion has been awarded a Plain English Campaign Award for its consumer guide Financial advice: The buzzword is independent. The guide, aimed to clear up any confusion surrounding financial advice after depolarisation, topped the 2005 Plain English category as one of the years clearest documents.
IFA Promotion has been awarded a Plain English Campaign Award for its consumer guide, Financial Advice: The Buzzword is Independent.
HSBC Investments has poached James Hughes and Nicholas Pothier from Axa Investment Management to beef up it multi-manager team. Hughes will head the team with Pothier joining as a portfolio manager.
Mark Martin, Manager of the Neptune UK Mid Cap fund Brexit news has caused a wave of turbulence across financial markets, with both UK equities and sterling plummeting in the immediate aftermath. UK mid-caps have borne the brunt of the selling so far, with housebuilders and banks being two of the worst performing sub-sectors. However, for […]
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Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
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