We are living longer and retirees are no longer required to buy an annuity. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham explores how changes to pensions freedoms are expected to impact the demand for income.
Three BBC newsreaders are fighting attempts by HM Revenue & Customs to make pay back nearly £1m in unpaid income tax and national insurance. The Financial Times reports the three presenters – Joanna Gosling, David Eades and Tim Willcox – claim they were forced to set up personal service companies, rather than going on the […]
Independent advisers account for 84 per cent of advice firms operating in the market, the latest FCA data suggests. The figures were obtained by BBC Money Box’s Paul Lewis, and passed to Money Marketing. The full data will be published by the regulator later this year. Based on regulatory returns data for 2016, a total […]
The director of a claims management firm has been banned from running a company for nine years. Christopher Ross White was director of Swansea-based payment protection insurance claims firm Rock Law. The Ministry of Justice investigated Rock Law in October 2015 after hearing several customer complaints. It found the firm was breaking a swathe of […]
Tenet has posted a profit of £584,265 for 2016 as it sets aside £7.4m for potential liabilities. The network’s results for the year to 30 September show a 24 per cent increase in pre-tax profit compared with £471,952 for the previous year. Provisions for liabilities have dipped slightly from £7.6m to £7.4m. Tenet makes this […]
In this short video, Martin Foden, head of credit research at Royal London Asset Management, discusses how convenience is affecting the construction of fixed income portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]
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Banned former network boss Charlie Palmer must pay a more than £86,000 fine to the FCA within two weeks, the regulator said today. The FCA published a final notice on 19 September, after Palmer’s appeal to the Upper Tribunal was unsuccessful, which says that his £86,691 fine must now be paid within 14 days. If any […]
The FCA has warned consumers a clone firm of Rathbones Investment Management which has been operating under the name of “Rathbones Brothers”. According to the FCA, fraudsters are using or giving out the details under the name of the UK wealth manager with a false email, website and phone number. The FCA warns that scammers may […]
The more clarity people have on what makes them fulfilled, the happier they will be. So what is the advisers’ role?