Overseas UK pensioners in the EU have raised concerns that the Government has only guaranteed indexation of their state pension for the next three years as Corporate Adviser reports. It is required to index pensions under EU single market legislation.
Alan Hughes partner at Foot Anstey analyses the implications of the Standard Life fine for execution-only annuity sales.
This is quite a damning line. “It appears Standard Life got little right in this area, including the cardinal sin of instructing a third party to review its sales incentives and then largely failing to implement the recommendations of that third party”.
The following survey seems to contain a few leading questions or two. But consolidator AFH says just 7% of clients are loyal to their adviser and more than three quarters would switch if they felt their adviser was not providing value for money. Not sure that is telling us very much at all.
S&M Hughes Ltd, which advised on many transfers from British Steel, enters liquidation joining Celtic Wealth.
SCM has increased its exposure to UK assets as it explains to clients that UK blue chips are undervalued. The firm was cofounded by anti-Brexit campaigner Gina Miller.
HMRC is writing to overseas owners of UK property telling them to be prepared to pay more tax following recent reforms.
Neil Woodford spends some of the cash realised by selling smaller holdings to buy into BAT, BT and IAG. Feels very 1980s and 1990s and yet slight more conventional. No doubt advisers will have a view especially if clients remain locked in for now.
Portfolio Adviser surveys five fund manager views about a No Deal Brexit and the markets.
