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.
A further delay has hit the Parliamentary Ombudsman’s investigation into the prudential regulation of Equitable Life and the watchdog says it cannot commit to a new publication date.
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 FSA has finally come out and admitted defeat, sounding the death knell for that onerous and, according to some advisers who have been in contact with Money Marketing, “pointless” document.
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 […]
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Smith & Williamson has denied it is still an acquisition target, saying its current focus is on organic growth. In September last year, merger talks between Rathbones and Smith & Williamson broke down. The firm then said in December that any plans it had to list on the London Stock Exchange would not come to […]
The proven way to add value is to do extremely difficult work (well). That seems obvious, right? If you do something that is valued but scarce because it is difficult, you are more likely to be in demand and to be compensated fairly for what you do. The only thing about “difficult” is that – […]
AJ Bell is considering floating on the London Stock Exchange, according to reports. Sky News says AJ Bell is unlikely to float until after the final quarter of this year but it has reportedly met with investment bankers in the past few weeks to prepare for an initial public offering. For the 12 months to […]