Keith Richards is stepping down as the chief executive of the Personal Finance Society after nearly eight years. Almost all advisers suggest he’s done a good job.
With the tax year over, IFAs may well start looking at the forecasts for the economy both in the UK and indeed internationally.
There seems to be good news from the IMF. It now sees global growth growing to 6 per cent this year and predicts the developing economies at least should sustain only limited long-term damage. Quite an assertion although not all commentators agree.
Slowly but surely, IFAs are being bought up and pulled into larger groups.
Fidelius Group has acquired Bath-based firm Robson Taylor IFA, adding £105m to its assets under management.
Quilter has called on the Government to review the hike in the minimum pension age to 57 in 2028 because it has overly complicated peoples’ retirements.
Led by Joe Biden, the G20 nations are to debate a minimum global tax rate for corporations. The sticking point, it seems, is that it could penalise developing nations.
Professional Adviser relates the tale of the 24-year-old misadvised to transfer his British Steel pension.
Schroder UK Public Private trust has quietly announced the value of its NAV had been slashed from £398m or 43.48p per share at the end of September to £318m or 35.01p a share by the end of Q4 2020. This is, of course, the old Woodford run trust. Even in a trust structure, lack of liquidity still brings problems or so it seems.