Changes to the state pension have forced people aged 50 and above to rethink their retirement strategy, research from Retirement Advantage suggests. This hardly surprising and maybe even an intended consequence. One suspects, of course, that ministers simply wanted to save money.
Interesting move from Nest, which is pressing Shell to set greenhouse gas intensity targets.
Money Marketing editor Justin Cash asks where are the contrarian investment calls as managers come under pressure to demonstrate they are adding value.
The FSCS has outlined how it will deal with claims against Active Wealth, a now defunct firm embroiled in the British Steel pension transfer fiasco.
The key sentence is a follows – “any compensation will be based on comparing the benefits available to a claimant had they transferred to the new British Steel scheme and the current value of their new pension.”
NMA describes the FSCS as going to great lengths to tell the story behind DB advice claims.
HMRC is to contest the result of Hargreaves Lansdown’s winning appeal in which the High Court ruled that promised loyalty bonuses were not subject to tax. HMRC obviously disagrees.
I like this headline in Professional Adviser as it offers a Procrastinator’s guide to GDPR provided by consultant Michael Osterman. Some very good stuff here for that last minute check up.
Jupiter’s Amanda Sillers warns that alternatives are full of nasties.
LV’s Justin Harper discusses mental health, financial protection and how it can help those are risk of getting into financial difficulties.
LGIM’s Helena Morrisey launches the L&G Future World Gender in Leadership (GIRL) UK Index which will form the basis of the GIRL fund – investing in companies with a good record on gender.
Nick Train has upped his stake in Manchester United. Was that before the FA Cup loss to Chelsea?