Rowanmoor says restricting Asps based on religion and forcing everyone else to buy an annuity at 75 would be a “misrepresentation of trust” on behalf of the Government. In a letter to Treasury Economic Secretary Ed Balls, Rowanmoor director David Seaton accuses the Government of making no reference to its policy of forced annuitisation in […]
FSA managing director Clive Briault has highlighted commission as one of the five priorities of its forthcoming retail distribution review but says it has not concluded that commission is bad and should be banned altogether.
There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]
Two separate complaints about the clarity of the FCA’s guidance and expectations on Gabriel reporting requirements have been quashed by the Complaints Commissioner. However, the FCA has been asked to waive a late return charge and been asked to make sure debt collection and fees processes on Gabriel reporting are clear. In his report today, […]
Their power over fund selection is only set to increase as more firms adopt centralised investment propositions Fund research and rating agencies have enjoyed a buoyant market in advice firms thanks to the post-RDR rise of centralised investment propositions. While a minority of advisers have chosen to outsource portfolio management, the majority are selecting funds […]
Clients that suffer ill health at a young age can access their pension if certain requirements are met With the recent news that we are not living longer after all, there are questions to be asked as to why this is. Life expectancy increases the older you get, as the fact you made it that […]