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News

Managed solutions

RDR drives surge in managed solutions use by advisers

The majority of advisers expect to increase their use of managed solutions and model portfolios as a result of the Retail Distribution Review (RDR), according to research by Fidelity FundsNetwork.

clock 24 June 2013 •

Managed solutions

Verbatim launches multi-asset passive portfolios

Verbatim Asset Management, the whole of market portfolio management and financial planning arm of the SimplyBiz group, has launched a range of multi-asset passive portfolios called "Total Clarity".

clock 24 June 2013 •

Pensions

Mr Average must work until 80 to maintain income in retirement

Someone earning the average wage of £26,500 and contributing 8% of their salary under auto-enrolment will need to work until the age of 80 to maintain that income in retirement if they take their 25% tax-free lump sum, according to research by self-invested...

clock 24 June 2013 •

Regulation

Chartered IFA quits as industry still 'sales based'

A Chartered financial planner who has spent more than two decades advising clients has quit the industry as he believes many parts of it are still geared towards selling products.

clock 24 June 2013 •

Wrap/platforms

Novia sees profits jump 22% as assets surge

Platform Novia has seen its profits before tax jump by more than a fifth in 2012, after assets climbed sharply to rise above £1.4bn.

clock 24 June 2013 •

Managed solutions

Warning of new financial crisis as bond yields spike

The Bank for International Settlements (BIS) has warned spiking bond yields across the world threaten trillions of dollars in losses for investors and a fresh crisis for banks unless they are braced for the shock.

clock 24 June 2013 •

Offshore Investment

Latest international appointments

Pioneer appoints in Dublin, Lyxor and State Street Global create new roles and Mirabaud expands global high yield bond team.

clock 24 June 2013 •

Tax Planning

'Serious' tax evasion on the decline, says law firm

Efforts to stamp out tax evasion appear to be working after figures showed the number of ‘serious' cases hit a five year low.

clock 24 June 2013 •

Fixed Income

Bondholders challenge Co-op Bank debt-to-equity plans

Hundreds of Co-operative Bank bondholders, who face losing at least 30% of their investments through the lender's debt-to-equity capital-raising proposals, have joined a campaign challenging the bank's plans.

clock 24 June 2013 •

Individual Protection

Cowdery prepares £600m bid for US insurer

Insurance pioneer Clive Cowdery has tabled a bid for a US insurer in the tycoon's first attempt to enter the American market.

clock 24 June 2013 •
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