Witan would like to clarify that trust busters Laxey Partners is not on its shareholder register. Witan is continuing its sharebuyback programme as part of its commitment to managing its discount, which analysts say should deter abitrageurs.
Actuaries are urging employers and trustees to move to risk-sharing schemes to stave off a second wave of final-salary scheme closures to future service accrual.Speaking at the National Association of Pensions Funds Conference in Manchester last week, two senior actuaries warned of the likelihood of further final-salary scheme closures despite recent reductions in scheme deficits.Association […]
The retail distribution review is likely to call for a clear graded segmentation of advice from financial planner through to transactional-based advisers and down to a simplified advice service, according to the FSA.Speaking last week at a conference on the future of UK regulation conference, FSA director of retail policy Dan Waters said the RDR […]
Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]
Advice giant St James’s Place will block access to its investment platform for 10 days while it migrates services to a new provider. SJP tells Money Marketing that the work will affect online service ability for clients between 19 October and 29 October. A spokesman says: “SJP will carry out essential maintenance to our systems as part […]
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]