Key traits the experts look for in a wealth manager
Whatever anyone says, past performance is still used as a guide when allocating clients’ money – but it is thankfully not the only guide.
Retirement
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Putting your pension first
Pensions are a tax efficient and flexible way to save towards retirement but time is running out in the UK to use this year’s allowance, says Sarah Lord, managing director of Killik Chartered Financial Planners.
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In the firing line
David Denton, head of international technical sales, Old Mutual Wealth As pension transfer advice comes under increased scrutiny from the regulator, David Denton, head of international technical sales at Old Mutual Wealth, looks at the FCA’s research and the impact on advisers providing retirement advice to clients with UK schemes.
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Boal & Co targets Qrops expansion as new director appointed
Isle of Man-based pensions provider Boal & Co is set to build on an expansion of its international Qrops business with the promotion of Danny Winrow to the management team following the death of its founder and chairman Gary Boal.
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Momentum Pensions adds lower-cost Qrops and Sipp products
Momentum Pensions is extending its product range to include lower-cost solutions for international clients to meet a rise in demand from investors with minimum funds of £20,000.
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Pension costs a growing concern for UK employers, ACA says
The rising costs of providing pensions to staff is becoming a bigger concern to UK employers, according to the final report by Association of Consulting Actuaries (ACA) on its 2015/16 pension trends survey.
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Rate of UK flexible pension drawdowns slows
The number of people taking advantage of the new pension freedoms dropped by 13.3% between the third and fourth quarters of 2015, with the total value of funds released down by nearly a third.
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Whitechurch added to advisory panel for L&C’s low-cost Qrop
London & Colonial has added Whitechurch Securities to its panel of approved discretionary fund managers for its low-cost Qrop product, the Multi-Platform International Open Pension.
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Fidelity launches lifetime pension allowance guide
Fidelity International has launched a lifetime allowance (LTA) guide aimed at a growing number of people who have built up significant assets in their pension plans, and face the UK’s LTA falling from £1.25m to £1m in April 2016.
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Expected UK retirement income up for third year in a row
Those in the UK planning to retire in the next 12 months expect to receive an annual income that is 4% higher than their peers who planned to retire in 2015, according to Prudential.
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Customers take action over lifetime allowance reduction
Calls from customers on changes to the lifetime tax allowance (LTA) increased fourfold in the second half of 2015, according to Fidelity International (FI), as consumers start to take action ahead of the April deadline.
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FCA reports 13% drop in consumers accessing UK pension pots
The Financial Conduct Authority (FCA) has published its latest quarterly data on how consumers accessed their pensions in the period from the beginning of July to the end of September 2015. The sample of firms in the survey covers an estimated 95% of defined contribution (DC) contract-based pension schemes. Please click on the pictures below…