Now Hargreaves Lansdown asks government to legislate for 7-day pension switch in the Better Markets Bill

25 May 2016

insight

Hargreaves Lansdown has called on the government to introduce legislation requiring pension transfers in 7 days in the Better Markets Bill. The firm points out that the bill will require a 7 day switch for mortgage holders and suggests that pensions are brought into line. Tom McPhail, head of retirement policy: “The focus should be […]

Read More...

Hargreaves Lansdown calls for providers to agree to 7-day pension switching guarantee

24 May 2016

News

The pensions industry should adopt a 7 day switch guarantee for investors transferring from one pension provider to another says Hargreaves Lansdown. The firm says the pensions industry needs to up its game and develop the next generation of pension transfer systems to benefit consumers. Pension transfer times have come down from an average of […]

Read More...

Broker Stifel lists the investment trusts offering 4% and more

24 May 2016

insight

Investment bank and broker Stifel says there are 19 trusts investing in equities which have a historical dividend yield in excess of 4%. In a note issued this week, it says that for those prepared to take equity risk, these may be attractive in this low interest rate environment. Highest yielders: The rise in equity […]

Read More...

Defined contribution pension pots near their highest levels despite troubled markets

24 May 2016

insight

The value of the typical DC pension pot is just 2% off its all-time high as savers benefit from rebounding markets, according to the inaugural “Why Markets Matter” report from Close Brothers Asset Management. The research, which analyses the impact of financial markets on pension pot savings, demonstrates that the average person’s DC pot stands […]

Read More...

George Osborne warns vote to leave EU means DIY recession – share investors still favouring Brexit

23 May 2016

insight

The Prime Minister David Cameron and the Chancellor of the Exchequer George Osborne has warned that Britain could plunge into an instant recession if it leaves the European Union. The latest analysis from the Treasury on the short term implications of a vote to leave the European Union suggest that a recession would last at […]

Read More...

Lord Turner proposes raising state pension age to 70 with means-testing for earlier access

22 May 2016

insight

Lord Turner has put forward new proposals to raise the state pension age to 70 years old, but with some in manual occupations still getting the pension five years earlier at the current 65 subject to means-testing. The call will prove controversial given the campaigns against the Government’s plans to equalise the retirement age for […]

Read More...

M&G cuts charges for direct investors and plans to absorb research costs from next year

22 May 2016

insight

M&G Investments is to offer lower fund charges to its direct customers who sign up to a new online service.   All current and future customers invested directly in M&G ISAs and funds will be eligible for the new service, which is due to be launched later this summer. The ongoing charge figure (OCF) for a […]

Read More...

Expert Opinion: LISA and the British obsession with home ownership

20 May 2016 by Steve Herbert

insight

Earlier this week the Work and Pensions Select Committee voiced a concern that has been bothering some commentators within the pensions industry. The Committee warned that a new savings plan – announced in the March Budget statement and this week confirmed in the Queen’s Speech – the Lifetime ISA (LISA) could; “distract from [pensions] Auto […]

Read More...

Renters are far behind home buyers in terms of financial wellness

20 May 2016

insight

A growing number of UK adults are unable to purchase a home, leading them to suffer from poorer levels of financial wellness, according to the first Momentum UK Household Financial Wellness Index.* The Index, commissioned by Momentum UK and conducted by the University of Bristol’s Personal Finance Research Centre is the first research of its […]

Read More...

Expert Opinion: Risky assets perform well in expansions, safe assets in downturns – the problem is we don’t know where we are going next

20 May 2016 by Chris Iggo

insight

It is an indisputable general point that risky assets perform well in economic expansions and safe assets perform well in downturns. The problem at the moment is that we don’t know where we are going next. Indicators suggest that we could see economic expansion or contraction. At the same time valuations are not particularly attractive. […]

Read More...