News
Retirement | news 28 Jul 16
Money taken out of UK pensions more than doubles, says HMRC
The amount of money savers are taking out of their pensions has more than doubled in the three months to 30 June compared to the first quarter of the year, latest figures published by the UK’s tax office show.
Hong Kong insurer QBE to be Manulife’s exclusive supplier
Canada-based financial services group Manulife has agreed to make Hong Kong insurer QBE its exclusive supplier of general insurance products in the special administrative region.
Schroders hit by outflows as market fears stall intermediary business
Schroders registered headline pre-tax profits of £282.3m ($371.3m, €335m) for the first half of the year, despite a collapse in inflows to £700m compared to £8.8bn a year earlier.
Best Practice | news 28 Jul 16
IFAs must recruit from a wider gene pool to grow business
Recruiting more diverse IFAs is key to tapping new markets and growing business, but attracting fresh blood into the industry remains a challenge, industry experts have said.
Investment | news 27 Jul 16
Manager continuity key to consistent trust outperformance
Research by the UK’s Association of Investment Companies (AIC) has found a correlation between fund manager longevity and fund performance.