State pension will run out without NIC increase, Govt actuary warns

Funding for the state pension will be depleted by 2032 without a rise in National Insurance Contributions, the Government Actuary’s Department predicts. In order to avoid a deficit, GAD says that a 5 per cent rise in NICs could be needed. The numbers assume current policy such as the triple-lock holds and the state pension […]


Old Mutual: FCA should review dropped equity release qualification

Old Mutual has called on the FCA to reverse its decision not to create a standalone equity release qualification for financial advisers. The call follows figures published today from the Equity Release Council which show a record quarter for equity release activity in Q4 2017. The total amount of housing wealth unlocked by over-55 homeowners […]


Jupiter inflows jump five-fold despite hit to Merlin range

Jupiter Fund Management inflows increased five-fold in 2017, despite outflows from the Merlin portfolios, a trading update published this morning shows. The quarterly update revealed net inflows to 31 December were £600m taking 2017 total inflows to £5.5bn. That compares to £1bn net inflows in 2016. Mutual funds attracted £458m over the quarter, taking AUM […]


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