December 2018
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  • NS&I presents 400th £1m premium bond win

    10 December 2018

    Premium Bonds celebrated a milestone this month, presenting the 400th Premium Bond holder with the £1 million jackpot prize. The recipient, a woman from Kent, has just £5,300 in Premium Bonds – much less than the 2018 average jackpot-winning holding of £35,135. The last time the jackpot was won by someone with less than £5,000...

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  • What paraplanners think will happen with Brexit

    10 December 2018

    Over two thirds of paraplanners expect Brexit to have a negative impact on the UK, according to research carried out by Professional Paraplanner.  As part of our monthly Parameters survey, we asked a series of questions about Brexit and the impact paraplanners felt it would have on their roles and whether clients were expressing...

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  • UK investors showing caution on risk and income taken from portfolios

    10 December 2018

    UK investors are more cautious than their European counterparts when it comes to taking income and risk, new research from Schroders has shown. The minimum level of income UK investors would like to receive from their investments is 8.6%, compared to a higher global average of 10.1%. In line with this more conservative approach,...

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  • Royal London flags drawdown impact of 10% market fall

    9 December 2018

    Royal London has highlighted the impact for clients using drawdown, warning they must ensure they take a sustainable level of income to maintain a resilient portfolio during periods of investment volatility, or risk running out of funds.  The mutual insurer said that if a person with £100,000 invested over a 25-year term took an...

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  • Tax planning: How to exit a bond – Part II

    9 December 2018

    In the second part of her articles, Kim Jarvis, technical manager, Canada Life says when using a UK bond, the exit is not all about tax There are many factors besides tax to take into account when choosing a tax wrapper, and these may impact on access. Investment bonds provide flexibility in access and...

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  • McPhillips new Dentons technical director following Tilley departure

    9 December 2018

    Dentons Pension Management has appointed Stephen McPhillips as technical sales director following the departure of Martin Tilley. McPhillips first joined Dentons in January 2012, having previously built up extensive knowledge of the member directed pensions sector at several large providers, including Pointon York, Cofunds, James Hay and Scottish Equitable. McPhillips first entered the industry...

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  • AJ Bell IPO gives market capitalisation of c£651m

    7 December 2018

    AJ Bell’s initial public offering has priced its shares at 160 pence per Share, which gives a market capitalisation of the company at approximately £651 million, at the commencement of conditional dealings on the main market of the London Stock Exchange. This is based on 108,264,032 existing Shares, representing 26.6 percent of the company’s issued share capital immediately following admission to the...

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  • Talbot & Muir calls for standardised NSI reporting to improve due diligence process

    7 December 2018

    SIPP and SSAS provider Talbot and Muir has called for an industry standardisation of the non-standard investments (NSI) reporting to make it easier for advisers and their clients to compare providers. The firm has issued a due diligence document designed to answers the questions that, it says, advisers need to know when looking at...

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