Investment | 17 Jul 15
UK interest rate rise due in November but it should be August – F&C
The first UK interest rate rise is likely to arrive in November, says F&C’s Steven Bell, but cannot come soon enough.
Fees key to Asian fund sales
Retail investors in Hong Kong, Singapore and South Korea are most influenced by fund fees in their investment decisions, but Taiwan is different, according to a BNY study.
United Kingdom | 16 Jul 15
FSCS payouts jump by 35% as SIPP claims rise
The Financial Services Compensation Scheme paid out £327m in compensation to British consumers over 2014/15, a significant rise from the previous year after payments for SIPP-related claims made against financial advisers soared by 50%.
Retirement | 15 Jul 15
Overseas advisers offered access to support on DB transfers
QROPS provider Sovereign has teamed up with Alexander Beard to give overseas advisers access to the FCA-regulated advice now required for transfers out of defined benefit schemes.
Retirement | 15 Jul 15
ABI: Pension freedoms see savers withdraw £1.8bn in two months
British pension savers have withdrawn more than £1.8bn from their pension pots in the first two months since the start of the freedoms, new figures revealed.