Expert urges pension rethink as UK sales slide
Sales of personal pensions fell by 6.8% in the second quarter of this year as a leading tax expert urges the UK government to do more to get the country’s retirement savings “back on track”.
UK Adviser
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Hargreaves revenues up, but inflows drop
Shares in Hargreaves Lansdown fell 2% this morning on the back of mixed results for Q3 – revenue was up 15% to £90.6m, but inflows dropped 22% compared to Q1.
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UK should turn on fiscal tap, says Royal London
The UK government needs to step up fiscal spending, not only to help stabilise sterling but also help improve its debt profile, Trevor Greetham said on Wednesday.
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UK unveils plans to create single state-backed advice body
The UK government will create a new single body to offer guidance on pensions, debt and other financial issues.
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Harlequin Property enters insolvency to ‘protect investors’
Harlequin Property SVG, the company behind the £400m ($509m, €454m) overseas property scheme, has officially entered insolvency proceedings, a decision likely to result in hefty losses for thousands of investors.
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ANALYSIS: A passporting trade-off looms for Brexit Britain
With Britain’s impending exit from the European Single Market all but confirmed, it’s time to face the possible consequences for asset managers.
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UK adults in their 30s half as wealthy as those in their 40s
UK adults born in the 1980s have half the wealth as those born in the 1970s had at around the same age, according to a new study.
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Clients unaware of risk of passive investing, say UK advisers
Around 60% of financial advisers in the UK have concerns that clients are unaware of the risks of passive investing which tracks a market-weighted index or portfolio, according to a new survey by Natixis Global Asset Management.
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Wealth manager Wren launches multi-family office
Wren Investment Office, focusing on multi-generational wealth management for high net worth families and individuals, launched Monday in London.
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UK may force insurers to pay for pensions dashboard
A UK Treasury official has said the government is looking at introducing a law that would force pension providers to pay towards creating the pensions dashboard.
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Date set for Hammond’s autumn UK statement
The UK’s newly installed chancellor of the exchequer Philip Hammond is to make his first autumn statement in the house of commons on 23 November, putting his own stamp on the treasury and setting out the financials post the Brexit vote.
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IFAs under pressure to offer more than financial advice
Over half of financial advisers based in the UK feel pressured to offer advice to clients about more than just their money, according to a new survey.