Global growth is turning up and the economic outlook for the second half of the year is positive but the months ahead are full of potential pitfalls, said Trevor Greetham, head of multi asset for Royal London Asset Management (RLAM).
Royal London Asset Management (RLAM) has reported net inflows of £357m ($516m, €453m), up significantly from the £111m recorded in the first quarter of 2015.
A report from PwC suggests that pay and rations will change dramatically as our industry – and the pressures on it – continue to evolve.
Financial services firms in the UK received 2.11 million new complaints between July and December 2015, a decrease of 1.4% compared with the previous six months, according to the Financial Conduct Authority.
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.
Research by UK insurer Royal London has found that nearly 70% of savers who have taken advantage of the government’s new pension reforms since April have taken their money in a cash lump sum.
Phil Loney, chief executive of UK life and pensions company Royal London, has sharply criticised the government’s proposed plans to overhaul the way pension contributions are taxed.
Life and pensions company Royal London has appointed former UK pensions minister Steve Webb as its director of policy and external communications.
The need for affordable financial advice in the UK for savers who want to cash in medium-sized pension pots has intensified, said Royal London.
The UCITS-compliant open-ended fund, which opened to investors on 4 December, will focus on the G10 market.
RL360° has introduced a capital redemption variant to its single premium portfolio bond.
Specialists who advise expatriates on their UK tax affairs have flagged up a possible threat to such expatriates’ personal allowances that was contained in Chancellor George Osborne’s Budget last week.
