Pension pots become honey pots for fraudsters as scams double in last six months

31 May 2016

insight

With the number of scams doubling in the past six months pensions have become a honey pot for fraudsters as they attempt to persuade savers to part with their hard-earned pensions says Aegon’s head of pensions Kate Smith. She says that scammers are now coaching savers on what to say when their pension provider might […]

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Brent Crude breaks $50 but investors should be cautious says Axa Wealth

26 May 2016

insight

Oil prices have risen above $50 a barrel for the first time this year following a fall in US crude inventories. Brent crude was up 33 cents at $50.07 a barrel although the other global benchmark US benchmark West Texas Intermediate is trading just below $50 for now at $49.85. US commercial crude oil inventories fell by 4.2 million barrels […]

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Major market shock if UK votes for Brexit says Rowan Dartington

25 May 2016

insight

Remain and Leave camps’ introspective approach to the referendum is a mistake and we must consider what really is at stake, says Rowan Dartington Signature’s managing director Guy Stephens. The investment manager argues that those investors who are most fearful about Brexit may have already sold out of what they would see as risky position. […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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