So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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CashCalc’s acquisition by fund research operation FE fundinfo was a logical step and could help advisers cut costs in the long term, according to commentators.
Stay safe: Consumers get the message on protection
The pandemic has forced millions of consumers to re-evaluate their life, their finances and their long-term plans, leading to an explosion in demand for financial advice and, in particular, insurance cover
By Justin Cash
In the long hours of lockdown, many people turned their attention to their finances.
That may have been out of necessity the pandemic has seen individuals be put on furlough, lose their job altogether or be forced to self-isolate or because the virus has reminded them of their own mortality and the need to protect their family.
Either way, the demand for financial advice has exploded.