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The importance of getting diversification right
moneymarketing.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneymarketing.co.uk Daily Mail and Mail on Sunday newspapers.
Advisers welcome cancelled suitability review
professionaladviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionaladviser.com Daily Mail and Mail on Sunday newspapers.
Advisers have proved their worth against robo threat
By Alistair Cunningham 3
Sometimes advisers seem to have a sixth sense.
I have a client, still a practising lawyer, who is reaching 75. He has a very old pension that cannot be held beyond 75 and, at his request, the provider sent him a transfer value a reasonable five-figure sum.
As he still works he does not need the income, and wanted to have it moved into his employer’s scheme. Nothing had been given to him to support the guaranteed annuity rate I expected might exist but, after several targeted enquiries, the insurer relented and apologised, and we’re now in the process of claiming the valuable guaranteed income. Without our intervention, I am confident this would be missed.
What we’ve learned from Woodford: The Wellesley Grove Journal
By Money Marketing 25
Neil Woodford
What we’ve learned from Woodford
Coincidentally,
Money Marketing had been perusing the new book on the fall of the Woodford empire by journalist David Ricketts.
It’s quite the ride, charting Woodford’s trajectory all the way from what was Maidenhead Grammar School to the moment when his funds were suspended and his business subsequently folded.
Several factoids were new to us and certainly made for entertaining reading, including: Woodford would frequently scream at the walls of his gym when he worked out during his lunch break; neighbour Jeremy Paxman, of BBC fame, was one of the local residents who objected to his plans to build an extravagant estate; the contents of his father’s will; and Woodford’s amorous relationship with the secretary who was to become his wife.
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