Personal Finance Society chairman Bob Bullivant will chair the income protection working party set up by Peter le Beau and Clive Waller. The income protection taskforce will include providers, reinsurers and intermediaries to promote public awareness of IP and to try turn round poor sales performance.
Abbey has set up its eighth guaranteed income bond. The single-premium life insurance investment plan guarantees a fixed income and a full return of capital if the bond is held for its four-year term. Abbey is offering investors the choice of either monthly or quarterly income of 3.77 per cent a year or an annual […]
In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit 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 […]
Sipp and defined benefit transfer complaints to the Financial Ombudsman Service have dipped slightly in the first three months of the financial year. FOS publishes complaints data on a quarterly basis running in line with its financial year. In Q1 2019 – April to June – it received 178 complaints about occupational pension transfers and […]
The FCA has continually “fobbed off” concerns that firms are directly poaching each other’s clients, complainant from an advice firm = has told the Complaints Commissioner. The complainant, classed as a sole trader, says the regulator should have acted when they complained their clients were poached by a larger IFA firm, Firm X. The poaching […]
Where and how the newly-formed government could introduce tax and fiscal changes So we have a new prime minister and a new chancellor of the exchequer. We had an indication, before his confirmation as leader of the Conservative party and thus as PM, that Boris Johnson generally favours a low-tax environment. While campaigning to become […]