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The Money Marketing Podcast: Pre-Budget special

In the first of a new series of regular Money Marketing podcasts, pensions reporter Sam Brodbeck and Fidelity Worldwide Investment retirement director Alan Higham look ahead to next week’s emergency Budget.

The big question is whether the Government will stick to pledges promised before the election at a time when all the signs pointed to another coalition?

Alternatively, will George Osborne take the post-election opportunity to unveil yet more radical reform?

  • Pensions tax relief seems destined to be on the chopping block, but new pensions minister Ros Altmann publically criticised the Tory proposals before she took office.
  • The pension freedoms have got off to a less auspicious start than the Chancellor would have wanted and the Government is looking for a fall guy – could it force all providers to offer the flexibility, or perhaps scrap the advice requirement?
  • And could the proposals for a secondary annuity market be confirmed, or will the controversial plan be quietly shelved?



Financial services firms bemoan regulatory costs

The new Conservative Government should focus on cutting the cost of regulatory compliance, financial services firms say. According to the latest quarterly CBI and PwC financial services survey, tax stability was the second most popular concern among the industry, especially for general insurers and investment managers. Banks, investment banks and other companies, including life insurers, […]


A bridge too far? How mass market advice models are evolving

Mark Sands and Tessa Norman Providers and advisers are busy developing a raft of new advice models aimed at serving the mass market client. But there is a growing sense of disquiet among some in the financial services industry that these emerging services risk confusing consumers even more about what it means to receive “advice”. Controversially, one […]


Novia posts £779k loss as development arm sell-off bites

Novia has reported a pre-tax loss of £779,237 for 2014, which it blames on the sale of its platform development arm to Aegon. The result compares to a profit of £7.8m in 2013. Aegon announced the acquisition of Novia Investment Services for £7m in December 2013. Novia had previously built and administered platform services for […]


Greek PM Tsipras seeks new bailout deal as repayment deadline looms

Greek prime minister Alexis Tsipras has asked eurozone authorities for a new bailout as the country’s current bailout programme expires today. Without a new agreement Greece could lose more than €15bn (£11bn). The new request from Tsipras, which was sent to the eurozone’s €500bn rescue fund today, would cover Greece’s needs for the next two years, according […]


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