Rising gilt yields and falling inflation expectations have pushed the typical value of a DB pension transfer to its lowest level in seven years. XPS Pension Group’s Transfer Value Index fell nearly 7% in May – equivalent to £10,000 on a typical pension pot – to £159,000 compared to April (£169,000). May saw the lowest […]

Investors poured $700 billion into passive CRE last year — a trend that may continue even if a recession hits this year.

There was an interesting, but mostly unreported, development this week on the regulatory front which may have significant repercussions for regulated firms. The FCA and the Serious Fraud Office have signed an important Memorandum of Co-operation which could mean much greater joint working in future. Of course, they have always co-operated on the more serious […]

Hargreaves Lansdown has launched a new fund – the HL Global Corporate Bond Fund – as part of its strategy to provide a wider range of portfolio ‘building blocks’ to clients. The Bristol-based investment provider says the yield on corporate bonds has increased over the last year, driving increased interest from clients. The fund will […]

Divorce, disagreement, disability, distress or death are the leading cause of unplanned exits, depleting an entrepreneur of their hard-earned wealth.

The decline is expected to come from client outflows, overlap between the two banks and cost savings.

The Bank of England today increased its base rate by 50 basis points to 5% – twice the increase expected.  The increase from 4.5% pushes the base rate to its highest level for 15 years. The rise is seen as part of the Bank of England’s increasingly challenging battle to curb inflation, still running at […]

CEO Jamie Price and other senior executives revealed the name of the firm that will be home to its current network of eight separate brokerages.

Two independent directors of the Personal Finance Society have quit the board and will fight to try and block the potential transfer of £19m in PFS reserves to the CII. The two, Vanessa Barnes and Gordon Wilson, cite “significant concerns” about the independence of the PFS following a move late last year by the Chartered […]

NS&I has increased its Premium Bond prize fund rate from to 3.3% to 3.7%, the sixth prize increase in just over a year, and its highest rate in more than 15 years. The change will add £39m to its July prize fund although the odds of each £1 Premium Bond winning a prize will remain […]