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SLI future charges hike sees funds costs soar

Standard Life Investments’ decision to raise annual management charges (AMCs) will make several of their retail funds more expensive than the IMA sector average.

Flex drawdown not as easily available as first thought

IFAs should check with individual self invested personal pension (Sipp) providers before opting for flexible drawdown products, according to Pensions Management research.

Zurich wrap yet to sign up clients

Zurich’s long-awaited corporate wrap will launch this summer, with a group self-invested personal pension (Sipp) its only pension product.

The platform will contain a group Sipp, group ISAs (shares and cash) and a range of funds for savers seeking shorter-term investment vehicles than pensions, for sums greater than the annual ISA limit or in non-Sipp-applicable assets.

The provider has hired Macquarie’s former wrap chief Adrian Nash to roll out its FNZ technology-powered proposition.

EIS and VCT boost from Osborne's budget

Tackling tax avoidance

Axa defaults to target date

Axa will make target date funds its default strategy for defined contribution (DC) scheme clients this summer.

Platform boosts wealthy savers

Scottish Widows’ corporate savings platform will launch in Q2 this year, pioneering a way for high earners to avoid tax on their retirement pots.

Platforms take centre stage
RDR pushes some advisers toward DFMs

Regulatory pressures are forcing more independent financial advisers (IFAs) to abandon investment advice in favour of engaging a discretionary fund manager (DFM), according to a major report by highnetworth-online.com.

Melvin: fund management fees will likely fall and be replaced with a performance fee structure

RDR will have knock-on effect on asset management fee framework

The current cost of asset management is unsustainable, according to panelists at PM’s first Retirement Summit.

Freedom Sipp faces oblivion of HMRC windup

Pensions Management has discovered that the Freedom Sipp faces imminent deregistration and windup.

Recession fuels demand for stuctured products

Structured products are proving extremely popular in the current recessionary market, according to Newcastle Intermediary Services (NIS).

Dunstan Thomas to launch legacy migration branch

Dunstan Thomas, an administration and software provider, has launched a new FSA-compliant system to help financial advisers fully migrate legacy assets.

McPhail: there is no guarantee the fund will not fall further

Investors remain concerned about Standard Life fund

Investors affected by the drop in value in Standard Life’s sterling fund have voiced concerns about its long-term stability.

Sofat: wary of the charges

Guarantee for bond investors

MetLife Europe has declared 2009 as the “year of the guarantee” while announcing the launch of its Guaranteed Investment Bond.

Scottish Life likens rebranded DC package to a portfolio ‘auto-pilot’

Scottish Life has revamped its defined contribution (DC) offering, which it believes is better suited to unstable economic conditions and treating customer fairly compliance.

Standard Life pledges to remediate Sterling fund sufferers

Standard Life is to remediate certain customers of its Sterling Pension Fund following its announcement that the value of the fund had dropped by 5%.

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The Money Advice Service is an elegant and innovative way of providing consumers with much needed help to access financial services products.

  • Absolutely. Should have happened years ago.
  • It's a start. Let's hope it's a solid foundation.
  • Not sure either way.
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