The UK’s state pension system has been rated the worst in Europe for the second year running, by Aon Consulting. An average earner retiring this year would receive a pension worth 17 per cent of their salary compared with an EU average of 57 per cent.
Over three-quarters of estate agents say the number of instructions for properties with three or more bedrooms has fallen by more than 10 per cent since the introduction of home information packs.The National Association of Estate Agents says 76 per cent of its members have seen double-digit drops, with 46 per cent of those seeing […]
Ex-Olympic athlete Roger Black is pictured (far right) with Scottish Widows chief executive Archie Kane (far left), “widow” Hayley Hunt and Dr Gavin Strang, MP. at a women and pensions event held at the House of Commons recently. Black is the Scottish Widows representative for the company’s sponsorship of the 2012 Olympics.
Sesame members now have free access to Lifequote’s Intelligent Protection software.The software has been soft-launched to Sesame’s 3,900 appointed representatives, with a formal launch set for January. Sesame Direct users can use the software for a fee.Product manager Phil Hull says: “We have been looking for ways for more protection to be sold through the […]
Watching bank shares getting hammered recently was not a pretty sight as these shares have been the cornerstone of UK equity income portfolios. Now that you can receive a dividend return vastly in excess of the deposit rate offered, you have to wonder just what is going on.
Jelf, an independent full-service UK-based brokerage that supports businesses and individuals, has announced its interim results.
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Aberdeen Standard Investments has established a joint venture with Italian investment manager 21Partners to launch a direct €1bn private equity fund. The joint venture, called 21 Aberdeen Standard Investments Limited and made up of six people, will manage a fund targeting “active non-controlling interests” and support growing companies in Europe. The fund, which will launch […]
Harwood Wealth Management Group has bought Southampton IFA AE Financial Services for £4.6m. An initial payment of £2.4m plus £1.54m of net cash balances was paid on completion of the deal and a deferred payment of £2.2m will be paid in two lots over the next 24 months, dependent on AE’s performance. The acquisition has […]
The Government is set to announce a new criminal offence of neglecting pension responsibilities this week, in the wake of the BHS and Carillion collapses. The Observer reports that ministers are set to confirm they will target employers under the new rules, which will protect pension pots when companies go under. Under the new measures […]