United Kingdom
Retirement | 3 Nov 15
Billions withdrawn under UK pension freedoms, but common sense prevails
More than half of the funds being invested under the new pension freedoms have been invested in income drawdown products, with the remainder buying annuities, reports the Association of British Insurers (ABI).
OMGI UK Smaller Cos offshore fund loses Gold rating as Nickols steps down
Morningstar has placed the former Gold-rated Old Mutual UK Smaller Companies Focus fund under review following the announcement that manager Dan Nickols is to step down.
Mergers favoured as half of UK funds close in 10 years
Just under half (48%) of all UK domiciled funds that were active on 30 September 2005 are now closed, according to Lipper, a Thomson Reuters company.
Unicorn launches IHT portfolio service
Unicorn Asset Management and WM Capital Management have launched an Inheritance Tax Portfolio Service.
Offshore Bonds | 29 Oct 15
UK-distributed onshore bond sales up 20% in first half 2015
Sales of UK-distributed onshore bonds increased by nearly 20% in the first six months of 2015, according to the recent data from the Association of British Insurers (ABI).