Bridging the Gap: Hybrid Guidance Solutions
The convergence of financial guidance and “full fat” advice is due for a revolution. Hybrid ...
James Chew: New Director at Big Society Capital
Big Society Capital is pleased to announce the appointment of James Chew, Group Head of Regulatory Strategy at HSBC, as their new bank appointed non-executive director. His extensive background in banking, risk management, compliance, and regulation brings an invaluable understanding of the domestic and global banking contexts. James will be providing key insights from his decades of financial industry experience to drive social investment in the UK. His enthusiasm and dedication to his role will be a much-welcomed asset to the organization.
NHS Pension Exodus: 50,000 Flee Affordability Crisis
British taxpayers are bearing the brunt of a cost of living crisis, which is manifesting itself in a record number of opt-outs from the NHS Pension Scheme. Over 53,000 people have left the scheme due to affordability concerns and 8 million are at risk of not having money to retire on. Recently introduced reforms from former Health and Social Care Secretary Jeremy Hunt have only exacerbated the problem of pension costs. Quilter is appealing for further action from the Government to address the issue, including raising the Budget Age Allowance, introducing financial education into the curriculum, encouraging people to save more and reducing pension costs. Change needs to happen now in order to secure a more secure future.
Hidden Perils of Surging Interest Rates
With increased volatility in the market comes a higher degree of monetary duty, but it can also provide a new platform for investment and capital growth.
Mortgages Stretching 30-40 Years: A New Normal?
The survey conducted by Newspage® has shown a trend in mortgage customers towards longer-term mortgages that offer more affordability. This shift in consumer behavior has presented new opportunities and challenges for brokers, who must be more agile and creative in finding the best possible terms for their clients. Brokers must also inform their customers of all their options, helping them make the best decisions that fit their lifestyle and financial needs. This trend towards looking for longer-term mortgages to make them more affordable looks to be continuing.
FCA’s Top Guidance for LDI Managers
The FCA released a set of recommendations today (24 April) to increase resilience in liability driven investment (LDI) funds. The guidelines focus on risk management, performance tracking, and ensuring trustees and stakeholders have the information to make informed decisions. Asset managers must have adequate controls in place to identify risks and monitor performance for a specified period of time; must ensure their processes and valuation/pricing methods reflect current market conditions; and should keep stakeholders informed. Following the guidance should help mitigate risks and provide the best possible outcomes in times of market volatility.
Vanguard Surpasses 500k UK Investor Milestone
Today, Vanguard celebrates a victory with an incredible milestone – the 500,000th client of their ...
FCA Reveals Top Strategies for LDI Managers
The FCA has unveiled a set of recommendations to arm asset managers with the tools to ensure the strength and resilience of Liability Driven Investment (LDI) funds. These include engaging with pension scheme trustees, diversifying exposure, monitoring performance, and establishing oversight and intervention mechanisms. By collaborating with pension scheme trustees and following the FCA's guidance, asset managers show their commitment to strengthening LDI funds.
FCA Reveals Crucial LDI Manager Tips
The Financial Conduct Authority (FCA) is today set out a series of steps to give ...
Affordable Quality: TPR’s Revamped Corporate Strategy
In 2021, the FCA and DWP are leading the charge in revolutionizing how savers and investors are served in the UK. TPR is at the forefront, streamlining their activities and creating a framework to equip decision makers with the necessary capabilities to ensure fairness and value for money in investments. New regulations, like the Senior Managers and Certification Regime implemented in March, help to ensure compliance and illustrate a commitment to protecting pension-holders. This fruitful collaboration presents an exciting chance for reform and tangible change for the benefit of all.