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 […]
Advisers are avoiding putting all their eggs in the passives basket Few advisers have wholeheartedly taken on board the arguments for index-tracking and put all their eggs in the passives basket. Indeed, advisers are deeply split in their attitudes towards passive investing. There is no denying funds in passive investment vehicles have been on the […]
A weekly account of the curious goings-on in the world of financial services Fussy financial felines With the average salary for financial advisers continuing to grow, one has to wonder what privileges immediate family members are able to enjoy. Perhaps most important to the families that own them are cats. Thanks to Twitter, WSJ can […]