Advisers should not fund guidance guarantee
Old Mutual Wealth has called on workplace trust schemes to help cover the cost of the Governments upcoming guidance guarantee scheme, rather than leaving a disproportionate amount to financial advisers.
Pension
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otap launches alternative to qrops
Guernsey-based Overseas Trust & Pension has launched an international pension product specifically developed for the Spanish market.
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Pension reforms drive new fund from Amundi
Amundi plans to become one of the first asset managers to launch an international fund in direct response to new thinking around the annuity needs of retirees, following the pension changes announced in the UK spring Budget this year.
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DeVeres Nigel Green berates Government
DeVeres chief executive, Nigel Green, has claimed punishing plans to scrap higher-rate tax relief on UK pensions will force savers out of the country, in a scathing attack on the three main UK political parties.
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Advisers to capitalise on pension reforms
Advisory firms are geared towards expansion in the build up to next years pension reforms, with over two thirds seeing an increased demand for advice since the plans were announced in Marchs Budget.
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Unrealistic Government questioned
Industry experts have labelled the Government “unrealistic” and “utopian” following recent FCA proposals to charge financial advisers a 30% levy in order to fund the guidance guarantee service announced in this year’s Budget.
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uo state ohio to sign captive insurance cos
The US state of Ohio has signed legislation allowing for the creation of captive insurance companies, putting it potentially in competition with offshore jurisdictions such as the Isle of Man, Guernsey and Dubai.
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ioma restructures intermediary sales team
IOMA has expanded its sales function to enable access to a wider range of products across life, pensions and investments.
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radical new products in prospect says survey
Lifetime pension accounts, care funding annuities and 20 year retirement bonds are just some of the radical innovations predicted by independent pensions expert Ros Altman in a forward-looking retirement report.
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Boal Co named Zurichs trustee provider of choice
Boal & Co has become Zurich International Lifes new trustee provider of choice, meaning the Isle of Man-based Pension Trustee will become Zurich’s recommendation for customers looking to set up a corporate pension plan.
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ABI branded unfair for doubting
A senior figure at Fidelity Worldwide Investment has criticised the Association of British Insurers (ABI) for its unfair claim that providers are not a suitable choice to deliver the guidance guarantee announced in this years Budget.
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Queens speech confirms UK pension
The Queen reaffirmed the pension reforms announced in this years Budget today as she opened parliament in Westminster.