Investor activism fails to curb FTSE pay inequality
Just over a third of FTSE 100 companies pay their UK staff a ‘living wage’
Royal London
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Royal London AM intermediary inflows increase 33%
Funds under management reach £117bn
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Royal London AM targets IFAs and 5% with income bond fund
Looking to exploit the inefficiencies inherent in credit markets, Royal London Asset Management will launch a monthly income bond fund later this year aimed at advisers and targeting an income of 5%.
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High court approves Royal London’s ‘substantial’ cash offer
Royal London policyholders will be receiving offers for their guaranteed annual return pension schemes after the UK High Court, in principle, signed off on the provider’s plan to cash out savers.
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Experts unite to set up Pensions Advice Taskforce
The UK’s Personal Finance Society has formed a taskforce to help provide strategic leadership and a voluntary code of professional standards for pension advice.
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Royal London AM pans income share classes for retirement
As the desperate search for yield pushes investors unnecessarily up the risk spectrum, investors should put their money in accumulation share classes for retirement income , according to Royal London Asset Management (RLAM).
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Royal London offering ‘substantial’ cash for annuity guarantees
Royal London is worried pension holders are “throwing away” their guaranteed annuity rate (GAR) under the new pension freedoms and it wants to offer them cash for the promised return.
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HMRC pulls pension calculator after Royal London pressure
HM Revenue & Customs knew its pension tax calculator was giving incorrect data to users, but only pulled it once Royal London’s director of policy publicly slammed the tool.
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Experts react to DB pension transfer ruling
Pension experts have welcomed the clarity the Financial Conduct Authority (FCA) has established for defined benefit (DB) pension transfers through its updated rules. But they warn further, lengthy, consultation may not be the best way to address issues of poor practice that have come to prominence in recent months.
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HMRC hits back at ‘out of control’ over-taxing claim
HM Revenue & Customs has responded to a claim it is “out of control” by over-taxing people and then expecting them to claim it back.
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‘Out of control’ HMRC over-taxes by half a billion
HM Revenue & Customs has handed back just under half a billion pounds to individual taxpayers since April 2015, which Royal London says shows the organisation is “out of control” when it comes to over-taxing people and then expecting them to claim it back.
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Savers snared in £300m business tax
A UK budget measure aimed at corporates will eat into people’s savings, a government letter has revealed.