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News , Property

Income drawdown rates to rise in October

The GAD rate is directly relevant for the amount of income someone using drawdown to take their pension income can take. This means that from October the amount a 65

News , Property

Are annuity providers ripping people off?

Annuity provider Aviva goes further and said it would like to see an extension so that all customers receive a fully underwritten annuity to ensure that they receive the correct

News

AXA Wealth fined for poor investment advice

The failings put a significant number of customers at risk of buying unsuitable products. Many of AXA’s shortcomings only came to light during a review by the FCA. In addition

News

Call for Bank to cap house price inflation

The Royal Institute of Chartered Surveyors has said a cap would prevent another housing bubble, reckless bank lending and a dangerous build up in household debt. The trade body said

News

Brewin Dolphin closes three more offices

The regional offices will be merged into Brewin Dolphin’s Aberdeen, Cheltenham and Newcastle offices while staff wait to hear whether there will be redundancies as a result of the closures.

News

Lloyds commits to limited influence over TSB

The warning comes in a letter from Clive Maxwell, chief executive of the OFT, to chancellor George Osborne and follows Osborne’s request that the OFT review the impact of Lloyds

News , Property

13 million people will be poorer in retirement

Nigel Green, chief executive of the deVere Group, called the figure “alarming but sadly not surprising”. “Britain has lost its appetite to save and this is the depressing, yet predictable,

News

Royal Mail to float in just weeks

The government confirmed its plans this morning saying the “majority” of Royal Mail will be privatised. 150,000 Royal Mail employees will receive 10% of the shares issued at no cost

News , Property

Don’t understate health problems at retirement

But new research claims one in twenty retired people deliberately underestimates health or lifestyle conditions when purchasing an annuity – up to 20,000 annuity purchasers a year. One in twenty

Funds , News

Aberdeen All Asia adopts Japan-only mandate

If the proposals are approved by shareholders, the directors intend to change the name of the company to Aberdeen Japan Investment Trust. Jason Hollands, managing director of Bestinvest, said the