FSCS ups management expenses budget by £3.5m

The FSCS is budgeting an extra £3.5m to cover the cost of running the scheme this year. The management expenses levy, which is used to cover the cost of administering the scheme separately from any compensation payments made, proposed for 2018/19 by the FSCS today is £77.7 million, up 5 per cent on the previous […]


Nic Cicutti: Auto-enrolled pension guidance is a no-brainer

MPs should ignore their whips and reinstate the Financial Guidance and Claims Bill amendment The Government’s Pension Wise service is a wonderful organisation. Or, at least, it is seen as such by the vast majority of those who use it. Indeed, according to a recent Money Marketing article, 88 per cent of people who used […]


Brewin Dolphin slashes fund costs in managed portfolio service

Brewin Dolphin is cutting costs by up to 18 basis points on funds in its managed portfolio service as it introduces segregated mandates for core asset classes. Star fund managers including Neil Woodford and Nick Train are among the line-up to run segregated mandates in the manager-of-manager approach for four core asset classes. The MPS’s […]


DWP sets out objectives in four-year plan

The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]

Is your equity income fund giving you what you need?

Robin Geffen, Neptune Fund Manager & CEO, discusses dividend risk and the potentially negative consequences of the Investment Association’s decision to cut the UK Equity Income sector’s yield target earlier this year. Read more here   Important Information – for investment professionals only. Investment risks   This Fund may have a high volatility rating and past […]


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