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How much are advisers charging for pension transfers?

Advisers and networks are charging wildly different prices for advising on defined benefit to defined contribution pension transfers, Money Marketing research suggests. As well as a split between charging on a time cost or percentage basis, some firms appear to be charging as much as two times more than others. Firms that offer pension transfer […]

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Has the Lifetime Isa failed to take off?

The Lifetime Isa has launched with little fanfare amid criticism the product will only serve the wealthy and disappointment at the lack of initial appetite among providers. The Lifetime Isa went live on 6 April, with those between 18 and 40 able to pay in up to £4,000 each tax year, with contributions qualifying for […]

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Old Mutual cancels replatforming contract with IFDS

OMW says new agreement with FNZ “considerably de-risks” its replatforming programme Old Mutual Wealth has terminated its contract with IFDS for its replatforming project and is now partnering with FNZ instead. In a statement, OMW says the move “considerably de-risks” its platform transformation programme. At the end of April, the replatforming project had cost OMW […]

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Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]

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