Investments
Latest news in Investments, retirement planning, tax efficiency and Multi Asset Funds.
“More than half of all pension pots still cashed out in full” – Steve Webb, LCP
New ‘retirement income market’ data published by the FCA today shows that in the period October 2022-2023, around 56% of all pension pots accessed were cashed out in full, compared with just over a third (36%) in some form of drawdown and just 8% used to buy an...
Investments, Pension and VCT. We asked our readers a series of questions on leading industry topics, and the answers have been revealed
GBI & IFA Magazine’s weekly question series polls the past week focused once again on a diverse range of influential topics being widely discussed within the financial services industry, our recent poll series focused on investments, EIS, CGT allowance, and VCT....
Fixed Income investing in an uncertain world
In this Q&A we are joined by Alfred T. Murata, fund manager at PIMCO, to discuss where the biggest opportunities and challenges are within Fixed Income markets, the outlook for the year ahead, and the factors he believes advisers should consider in today’s...
The latest insights with Liquidity4Life’s Executive Chairman, Andrew Smith
The following is an interview between Managing Editor of IFA Magazine Alex Sullivan and Executive Chairman of Liquidity4Life Andrew Smith. Alex: Andrew it is good to see you again. I would love to talk about Liquidity4Life and Home Drawdown. You know we at Clifton...
Retirement
New employer contribution rate comes into effect for teachers’ pension scheme
The employer contribution rate to the Teachers’ Pension Scheme (TPS) will rise from 23.6% to 28.6% of pensionable pay from 1 April 2024. The increase will prove an affordability challenge for independent schools and may result in some seeking alterative pension...
Lifetime allowance legislation remains incomplete as HMRC set to make ‘retrospective’ changes after April
HMRC has confirmed today that it intends to issue a second set of regulations changing the legislation on the lifetime allowance abolition (Newsletter 157 — March 2024 – GOV.UK (www.gov.uk)) The Finance Act 2024 sets out the main legislation for the abolition of the...
What pensions dashboards announcement means
Pensions minister Paul Maynard has announced the publication of new guidance setting out a staged timetable for connection by pensions providers to the pensions dashboard. In March 2023, then pensions minister Laura Trott announced a reset of the dashboard programme...
‘Pension rules need to reflect the world of today not the world of yesterday’ – Steve Webb shares reaction to DWP Select Committee Report
The Work and Pensions Select Committee has today published its long-awaited report on Defined Benefit pension schemes. LCP submitted written evidence to the Committee and LCP partner Steve Webb gave oral evidence early in the Committee’s...
Public call for government intervention in pensions crisis to tackle climate change and boost savings
New data launched today (26 03 2024) by responsible investment organisations ShareAction, Make My Money Matter and Finance Innovation Lab shows high levels of public concern over insecurity in retirement caused by climate change and inadequate pension...
Multi Asset Funds
Mansfield introduces product transfer proc fees
Mansfield Building Society has introduced proc fees for product transfers across the mutual’s entire product range, including Versatility, Versatility Plus, Credit Repair, Shared Ownership, Buy to Let and more. Through the product transfer process, existing Mansfield...
Xpress Mortgages adopts OMS CRM solution
One Mortgage System (OMS) has been adopted by award-winning intermediary firm founded by Rachel Lummis, Xpress Mortgages. Xpress Mortgages has opted for OMS as their CRM system of choice after an extensive review period. This partnership further extends OMS’s...
Beneficial Network adds Reliance Bank to lender panel
Mortgage and protection network Beneficial has added Reliance Bank to its mortgage panel. Members of Beneficial Network now have access to Reliance Bank’s range of First-Time-Buyer (FTB), Key Worker, and Shared Ownership mortgages. Beneficial Network charges a flat...
ECB: eyeing a June rate cut says PIMCO
While the European Central Bank (ECB) refrained from declaring victory at its April meeting, a June rate cut seems increasingly likely. Analysis from Konstantin Veit, Portfolio Manager at PIMCO The European Central Bank (ECB) has expressed increased confidence in the...
Square Mile Report reveals adviser interest in income strategies falling as capital accumulation surges
In its latest quarterly Market Intelligence Report, Square Mile has detected a steady decrease in adviser interest in funds targeting income, while capital accumulation-oriented strategies continue to gain attention. According to Square Mile, in Q3 2023,...
Tax Effiency
GBI 43 | The changing landscape of inheritance tax | March 2024
Hello, and welcome to the second issue of GBI Magazine for 2024! As we move ever closer to the tax year end, we’ve got another jam-packed magazine to keep you up to date on the latest developments. This issue features several exclusive interviews, plus the latest news...
GB Investments is a campaigning magazine for the financial adviser community, focussing on tax efficient investments such as EIS, Seed EIS, VCT, SITR and BR.
Read the latest issue of GBI Magazine and all the latest news.
EIS Marks 30th Anniversary with Over £30 Billion Raised to Fuel Business Growth
Baronsmead VCTs raise £50m in oversubscribed fundraise
Foresight Group’s Andy Bloxam debates if deep pockets are required for deep tech
How do VCTs prove their worth?
Praetura Ventures launch first ‘cohort investment programme’ in the North of England with £6m for 35 start ups
More investment news
VCT fundraising is third highest on record – VCTs raise £882 million in 2023/24 tax year to invest in fast-growing companies
The Association of Investment Companies (AIC) has announced that Venture Capital Trusts (VCTs) raised £882 million in the 2023/24 tax year...
EIS Marks 30th Anniversary with Over £30 Billion Raised to Fuel Business Growth
The Enterprise Investment Scheme (EIS), a cornerstone of the UK's entrepreneurial ecosystem, celebrates its 30th anniversary this year....
Rebuilding America: analysis from Ark Invest’s Bhushan on how Baltimore Bridge collapse highlights America’s infrastructure at crossroads
By Rahul Bhushan, Managing Director and Global Head of Index at ARK Invest Europe The recent collapse of the Baltimore Bridge has starkly...
Merger & Acquisitions: an outlook for the IFA market
Here we bring you a summary of our most recent webinar, hosted by IFA Magazine’s Alex Sullivan, where he gathers expert insights on...
Just 7% savers aware of IFISAs
Cash ISAs have the highest level of awareness (78%), but CapitalRise data shows awareness about other ISA types remains low 12% of...
200,000 sign petition for vote by MPs on WASPI compensation for State Pension changes
A petition calling for an urgent parliamentary debate on compensation for the WASPI women has reached 200,000 signatures in less than two...
Baronsmead VCTs raise £50m in oversubscribed fundraise
The Baronsmead Venture Trust and the Baronsmead Second Venture Trust (the Baronsmead VCTs), managed by alternative asset manager Gresham...
Is there a magic formula when buying or selling an advice business?
Wealth Holdings’ Acquisition Manager, Kayleigh Fox, has been talking to Brandon Russell about her career and the subtleties which enable...
Government should explore offering greater Individual choice on state pension age
Pension provider Aegon is urging the Government to explore offering more choice over when people can start claiming their state pension. ...
State Street Global Markets: Investors hesitate as equity holdings approach 15-year high and dry powder drains
The State Street Risk Appetite Index rebounded to 0.09 from 0.18 revealing a modest retreat in risk bias across the month of March back...
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House prices skyrocket at faster rate than wages in these English areas
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7IM launches major investment into its award-winning proprietary platform with senior hires
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2023 another record year for group risk market – Swiss Re
The UK group risk market saw another record year of growth in 2023, according to Swiss Re’s annual Group Watch report published today. The l...
Cash matters: why and how cash deposit platforms add value
When cash remains king, everyone wins. We assess how using Flagstone’s cash deposit platform can lead to greater value for your clients’ cas...
Akoni Hub Partners with Reliance Bank to Provide Enhanced Savings Management Services
Akoni Hub has formed a partnership with Reliance Bank to make its savings products available on Akoni’s cash management platform. Akoni’s c...
How could Iran’s attack on Israel affect markets?
Analysis from John Plassard, senior investment specialist at Mirabaud Group, into how Saturday night's attack by Iran on Israel might affect...
Why Fixed Income matters
Global fixed income markets represent the largest subset of financial markets in terms of number of issuances and market capitalisation. Alt...
Sarasin & Partners evolves investment team structure
Sarasin & Partners, a global thematic investment manager overseeing £19.2 billion* in assets for charities, private clients, intermediar...
