There may be a row brewing in the world of auto-enrolment. Master Trust Salvus suggests that Nest which has raised its contribution limit to £40,000 from next month could see investors facing big IHT bills.
MD Graham Peacock says: "It is completely inappropriate that members should consequently face IHT while using a DWP-backed workplace pension. It completely flies in the face of industry-wide efforts to create an auto-enrolment landscape that is simple, transparent and trustworthy.”
It will be interesting to see Nest’s response.
The big points arising from the FCA’s suitability review are assessed by Simon Collins managing director, regulatory, at Eversheds Sutherland Consulting including concerns around centralised investment propositions and value for money.
De Vere considers shutting offices as the QROPS changes bite.
James Hay overhauls its charges.
Rory Percival looks at a recent FCA paper looking at takeovers of IFA firms and fair treatment of the clients as the potentially move into a new proposition among other things the cost of investing.
In Investment Week, Rob Bailey says AXA IM is fully committed to the UK.
One of the industry’s best known leaders Succession founder Simon Chamberlain has died.