In the wake of BT slashing more than 10,000 jobs, it has announced plans to boost its pension scheme.
Justice Secretary Jack Straw has called for the Government to review the implications of a High Court ruling this week that affirmed a mortgage lender’s right to put a property up for sale without a court order. The ruling by Mr Justice Briggs was in a case brought after GMAC-RFC appointed a receiver to auction a buy-to-let property when the borrower went into arrears.
Money Portal has chosen Seven Investment Management as its recommended provider for discretionary management.
The IFA sector is likely to be hit by another round of consolidation next year as 16 per cent of IFA directors will exceed retirement age, according to Plimsoll.
Matt Shafer, head of international distribution at Natixis Global Asset Management, tells Ignites Europe how he sees distribution changing in different European markets. Read the full article here:
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]