‘Largest ever’ monthly fall in pension transfer values
Mostly attributed to a rise in government bond yields which increased discount rates
UK Adviser
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Advisers warned against traditional equities and bonds split
60/40 portfolios ‘will not serve’ clients well in this ‘era of record low yields’
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Lloyds deal sparks 59% surge in Brooks Macdonald Int’l FuM
Group funds under management hit record £15.5bn
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UK equities ready to shift out of neutral
If covid-19 cases keep falling, and buoyed by attractive valuations, the UK will look more investable
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IFA company receives £55m private equity backing for M&A spree
Ex-CEO of Coutts and Towry Group joins the firm as non-executive chair
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Pension firm unveils Irish transfer service for Sipps
It is available to individuals resident or employed in the UK
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SimplyBiz Group rebrands as Fintel
Joint CEO says there are ‘two types of acquisition that really interest’ the company
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European private equity firm snaps up Parmenion for £102m
It has ‘significant capital’ to help the platform ‘grow and consolidate’ within the wealth sector
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IFA firm launches third UK operation in a month
Ex-SJP associate partner says he doesn’t ‘see a need for buying client bases’
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Standard Life struggling to sell Parmenion
It wants to ‘simplify’ the business and ‘address areas of lower contribution’
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Pension firm sets aside £3m over lifetime allowance failures
It is the ‘group’s best estimate’ of the future HMRC tax penalty
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Is ESG growth set to slow as we emerge from the pandemic?
‘Areas such as oils and miners are starting to perform strongly’ says AJ Bell head of active portfolios