May 2018
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  • Lifetime allowance tax take continues to grow as individuals ‘penalised’

    10 May 2018

    The annual amount of tax collected from people exceeding the lifetime allowance has soared by 1000% in 10 years, a freedom of information request by Retirement Advantage has revealed. The arbitrary tax penalises individuals who have enjoyed good returns on their investments, the retirement specialist said. In 2006/07, the annual tax take was less...

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  • Adventurer and obstetrician to host CISI Paraplanner Conference, 12-13 June

    10 May 2018

    CISI has announced that Dr Ed Coats, who describes himself as a part-time adventurer and obstetrician (at Royal United Bath Hospital), will be hosting this year’s conference programme. Dr Coats (pictured), a motivational speaker, will talk on how exploring feelings, opening up to change, managing criticism and agreeing short-term goals can help us withstand...

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  • Old Mutual launches new TVA service on 14 May

    9 May 2018

    Old Mutual Wealth is launching a new Transfer Value Analysis (TVA) service, from 9am on 14 May 2018, following the suspension of its old service in April, in response to the clarification made by the Financial Conduct Authority in PS18/6. The company said that in line with the new regulatory guidance, it would be...

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  • Pension freedoms withdrawals up sparking retirement decision concerns

    9 May 2018

    Pension savers are making the most of the pension freedoms, with over £17bn worth of payments being made since 2015, according to new figures published by HMRC, but concerns are raised around lack of understanding and the ability of consumers to make the best decisions regarding their retirement. The data showed a continued upwards trend...

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  • PFS social impact investing guide launched to meet ‘growing interest’

    9 May 2018

    The Personal Finance Society, supported by the government’s independent advisory group on social impact investing and the Department for Digital, Media, Culture and Sport, has launched a new guide for advisers on social impact investing.   The guide will include a link to a ‘conversational tool’ on three levels, tailored to different adviser capabilities....

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  • Provider warns over use of unregulated risk mapping in suitability process

    8 May 2018

    Adviser firms could be at risk of giving their clients ill-matched portfolios, potentially falling foul of the regulator, by relying on unregulated providers for risk mapping, PortfolioMetrix has warned.  In a new paper Risky Business: why the regulator is right to be worried about risk mapping, PortfolioMetrix outlines why some investment portfolios could be entirely wrong...

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  • Cathi Harrison to speak on Suitability Report writing at Technical Insight Seminars

    8 May 2018

    Following the success of the first of this year’s Professional Paraplanner Technical Insight Seminars, held in Exeter, we are delighted to announce that Cathi Harrison, founder of Para-Sols and newly launched compliance firm Apricity, will be leading focussed Suitability Report workshops at our Norwich seminar on 23 May. Cathi will be providing insight into...

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  • Defensives – are they the perceived safe-havens they once were?

    8 May 2018

    Anthony Rayner, manager of Miton’s multi-asset fund range, looks at recent market trends and takes a view. Conventional wisdom suggests “defensive” equities are typically found within the utilities, pharmaceuticals, telecoms and consumer staples sectors. Logic has it that the demand growth for products and services of companies within these sectors, due to their nature,...

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