An Opposition reshuffle this week sees David Willetts lose his role as policy co-ordinator for the Conservatives, focusing solely on his responsibilities as Shadow Work and Pensions Secretary. David Cameron is the new head of policy co-ordination.
Recent news reports indicate that the attempts by the FSA to pull together a satisfactory compensation fund from the 21 firms involved in the split-capital investment trust debacle have failed and as a result, “in the months ahead, the FSA may find itself embroiled in several legal battles concerning splits, including the upcoming tribunal of […]
Three key MEPs working on financial services issues in the European Parliament have regained their seats in the European elections. Conservative MEP Theresa Villiers took 27 per cent of the vote for the London region. Labour MEP Peter Skinner took 14 per cent and Liberal Democrat MEP and Chris Huhne gained 15 per cent both […]
The experience of other countries where healthcare is delivered via a mix of public and private systems is that not only do patients enjoy better outcomes and have more choice but the systems are also fair for all. We support a fair and comprehensive healthcare system for everyone. We agree that money alone, whether from […]
Friends Provident is to use £20m in unclaimed shares from its demutualisation to set up a foundation aimed at promoting charity work and philanthropy. The Friends Provident Foundation launches on July 14 with a debate and publication entitled, The Right Use of Money in 21st Century Britain, suggesting approaches that governments, private bodies, voluntary organisations […]
By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]
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- Top trends
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Transact saw funds under direction marginally increase to £29.8bn in the second quarter of 2018, according to a stock exchange announcement from parent IntegraFin Holdings. IntegraFin listed on the London Stock Exchange in March with a £650m valuation. In a Q2 update today, the company says funds under direction at the close of the three-month […]
The impact of weaker markets saw funds under management at St James’s Place drop in the first quarter of the year, when compared to its Q4 2017 result. In an update this morning, SJP says funds under management at 31 March 2018 were £89.9bn, down from £90.8bn in the previous quarter. On a year-on-year basis, funds under […]
The Department for Work and Pensions expects to spend £96.6bn on the state pension in 2018/19, a 3 per cent increase on the year before. The DWP has detailed its cost estimates in a memorandum sent to the work and pensions select committee, published on its website yesterday. The latest forecast for state pension costs […]