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1 month ago | 
moneymarketing.co.uk | Momodou Musa Touray |Alistair Cunningham |Darius McQuaid
The Financial Services Compensation Scheme (FSCS) has trimmed its levy forecast for 2025/26 by £36m. The projected total of £356m in compensation payouts is down from the £392m outlined in November. The reduced figure reflects £56m in successful recoveries from the estates of failed firms and third parties, as well as a decline in expected claims within the Life Distribution and Investment Intermediation (LDII) class.
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1 month ago | 
moneymarketing.co.uk | Darius McQuaid |Momodou Musa Touray |Alistair Cunningham |David W Coombs
Rathbones Asset Management (RAM) has announced three senior appointments to its distribution team. Tom Hobbs has joined as business development director for the West of England. Hobbs will be based in Bristol. He was previously regional head of business development at Vanguard Asset Management. At Vanguard he was responsible for “growing and developing long-term relationships with regional financial planning, wealth management and discretionary fund managers in the Southwest region and Wales”.
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1 month ago | 
moneymarketing.co.uk | Nic Cicutti |Kimberley Dondo |Alistair Cunningham
Once a month a lovely envelope containing a copy of Money Marketing drops through my letterbox. As often as not, I tear open the envelope, skim quickly through the magazine’s contents and read a handful of articles. It then ends up in the recycling bin. Even as I write this, in my mind’s eye I can see the editor of this illustrious magazine wincing. [Perish the thought – Ed] Should he actually permit one of his writers to say this?
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Nov 25, 2024 | 
moneymarketing.co.uk | Clare Moffat |Alistair Cunningham |Faith Liversedge |Robin Powell
We have seen a real push to make pensions more visible and understandable to consumers this year. Whether it’s the ‘Pay your pension some attention’ campaign, Pensions Awareness Week or Pensions Tracing Day, the aim is to help people engage with their savings. All this activity is a great thing. The more engaged we can encourage people to be and the more they understand pensions, the better it is for them in later life.
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Nov 25, 2024 | 
moneymarketing.co.uk | Trevor Greetham |Nick Eatock |Alistair Cunningham |Salome Asabre
It’s often said that economics matters more than politics where financial markets are concerned. Recent events challenge this view. Ten-year gilt yields have risen by the best part of a per cent since mid-September after a bumper UK Budget and victory for Donald Trump caused investors to increase their estimates for global bond issuance. Meanwhile, US stocks and the dollar reacted very positively to the outcome of the US election.
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Nov 22, 2024 | 
moneymarketing.co.uk | Momodou Musa Touray |Alistair Cunningham
Good morning and welcome to your Morning Briefing for Friday 22 November 2024. To get this in your inbox every morning click here. FCA charges four individuals with fraud offencesThe Financial Conduct Authority has started criminal proceedings against four individuals for conspiracy to commit false accounting. Terry Dodd, John Riley and Brian Flanagan were charged for fraudulently abusing their positions as directors of the Dial-A-Cab Credit Union for their own personal gain.
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Nov 14, 2024 | 
moneymarketing.co.uk | Alistair Cunningham
Much has been made of the so-called Great Wealth Transfer, with predictions of trillions of pounds moving from the Babyboomer generation to their children in the coming years. Many advisers are being urged to build relationships with the next generation in anticipation of this shift. But I think this is a distraction from where our efforts should be focused: looking after our current clients.
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Oct 17, 2024 | 
moneymarketing.co.uk | Greg Neall |Alistair Cunningham |Chris Davies |Dan Wiltshire
Reading about M&G’s troubles, I can’t help putting them down to the obsession with running an expensive fund platform. But what do I know? What I do know about is 21st century advice – something I believe is built on the shoulders of giants, such as the Man from the Pru. These advisers door-knocked, cold called and worked evenings to get families started on a lifetime of saving and self-preservation. So, why is offering advice so hard these days?
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Oct 16, 2024 | 
moneymarketing.co.uk | Alistair Cunningham
Good morning and welcome to your Morning Briefing for Wednesday 16 October 2024. To get this in your inbox every morning click here. 4.1% rise for state pensionThe state pension is set to rise by 4.1% in April 2025 – more than double the September inflation rate of 1.7% announced today (16 October). The rise, which is subject to official confirmation, is due to the triple lock formula.
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Oct 16, 2024 | 
moneymarketing.co.uk | Momodou Musa Touray |Alistair Cunningham
The state pension is set to rise by 4.1% in April 2025 – more than double the September inflation rate of 1.7% announced today (16 October). The rise, which is subject to official confirmation, is due to the triple lock formula. Under this, pensions increase each April by the highest of three measures – earnings growth (the year-on-year rise in average earnings for the period May to July), price inflation for the year to September (which was announced this morning as 1.7%) or 2.5%.
