-
1 month ago | 
moneymarketing.co.uk | Tom Browne |Adrian Boulding
The period from 1988 to 1995 was a time of seismic change, and not just for Money Marketing. In short order, we witnessed the fall of the Berlin Wall, the end of the Cold War and a wave of optimism sweeping the Western world. The apparent triumph of liberalism over other systems of government even prompted the academic Francis Fukuyama to declare “the end of history”. As we now know, of course, history goes on for a long time.
-
1 month ago | 
moneymarketing.co.uk | Tom Browne |Tom Selby |Adrian Boulding |Salome Asabre
Outsourced investments on the Quilter platform have surged in recent years, with new data revealing a significant shift away from adviser-managed portfolios. As adviser appetite for running their own portfolios has diminished, discretionary fund management (DFM) models and managed portfolio services (MPS) have seen rapid growth. At the end of 2020, outsourced investments accounted for 16.7% of all platform assets.
-
1 month ago | 
moneymarketing.co.uk | Dan Cooper |Momodou Musa Touray |Adrian Boulding
Iress announced its full year results for 2024 today (24 February), with its UK business once again contributing strongly to the group performance. Revenue rose by 12% compared to the previous year, while overall earnings grew from £4.3m to £10.4m. Iress attributed this “significant” improvement in earnings to cost-efficiency measures and revenue growth in the Wealth business. Group managing director and CEO Marcus Price described 2024 as an “outstanding” year for the firm.
-
2 months ago | 
moneymarketing.co.uk | Adrian Boulding |Yasmina Siadatan |Kimberley Dondo
Inheritance tax (IHT) is a highly emotive and poorly understood subject. The general noise around unused pension pots being brought into IHT – since the surprise announcement in last Autumn’s Budget – will no doubt have prompted many discussions with clients. The new rules may well change people’s attitudes to their retirement and estate planning. But a lot could happen between now and when they are due to come into effect.
-
Dec 10, 2024 | 
professionaladviser.com | Adrian Boulding
There has been a great deal written about the need for pension savings to work harder for savers - delivering higher returns through more investment in illiquids, investing in private equity, infrastructure, property and private credit amongst others. This focus on improving returns, especially for defined contribution (DC) pension savers, led to the establishment of open-ended long-term asset funds (LTAFs) which were finally given Financial Conduct Authority (FCA) approval on 29 June 2023.
-
Nov 25, 2024 | 
professionaladviser.com | Adrian Boulding
Arguably, the most significant thing that George Osborne did for pensions during his lengthy tenure as chancellor of the exchequer was his declaration in the 2014 Budget speech: "Let me be clear: No one will have to buy an annuity." The full set of reforms came into effect in April 2015, giving defined contribution (DC) pension savers at retirement an un-restricted choice between income drawdown, annuity or cash. This landmark reform is usually referred to as ‘Freedom and Choice in Pensions'.
-
Nov 20, 2024 | 
moneymarketing.co.uk | Charles Younes |Caitlin Jordan |Adrian Boulding
The recent performance of Chinese equities has gone a long way towards offsetting the poor performance of the last two years. However, we remain far from convinced the underlying problems affecting China’s economy have been addressed. For much of the last year, investors in China have been asking when the government would intervene and try to tackle the many economic problems afflicting the country.
-
Nov 20, 2024 | 
moneymarketing.co.uk | Adrian Boulding
The Consumer Prices Index (CPI) rose by 2.3% in the 12 months to October 2024, up from 1.7% in September, the latest Office for National Statistics (ONS) data has revealed. Meanwhile, the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 3.2% in the 12 months to October 2024, up from 2.6% in September.
-
Nov 19, 2024 | 
moneymarketing.co.uk | Tom Browne |Adrian Boulding
Good morning and welcome to your Morning Briefing for Tuesday 19 November 2024. To get this in your inbox every morning click here. Advise Wise streamlines support for vulnerable clientsAdvise Wise, a leading later-life sourcing platform, has partnered with Comentis to streamline support for vulnerable clients. Through an API integration, Advise Wise members can now access Comentis’ vulnerability assessment tool directly via the platform.
-
Nov 14, 2024 | 
moneymarketing.co.uk | Rachael Griffin |Adrian Boulding
The term ‘disabled persons trust’ is frequently used to describe any trust where a beneficiary is deemed vulnerable or disabled. It is not a specific type of trust. A disabled persons trust can be any discretionary, interest-in-possession or absolute trust. The key is whether the beneficiary’s vulnerability qualifies the trust for income and capital gains tax (CGT) relief or if their disability qualifies the trust for special inheritance tax (IHT) treatment.
