FCA to introduce four-point ‘traffic light’ rating system for pension fund performance

The Financial Conduct Authority (FCA) is set to force workplace pension schemes to publish their investment returns, including forward-looking projections, under a new 'value for money' framework, ...

35k more families set to owe high income child benefit charge by 2028

Tens of thousands more families are set to pay the high income child benefit charge (HICBC) over the next three years, new figures have revealed. HMRC’s official forecasts show that the number of ...
International Adviser

Utmost Group offloads life and pensions arm to JAB Insurance

Utmost Group has sold its £5bn bulk purchase annuity (BPA) business to JAB Insurance to settle the debt from its Lombard International acquisition in 2024. Utmost launched the the BPA arm, Utmost Life ...
International Adviser

MPS assets surge 32% to £190bn as adviser usage grows

Discretionary managed portfolio service (MPS) assets grew by £46bn (32%) in the past year to reach £190bn, new data shows. Assets are now set to surpass £200bn, according to NextWealth’s latest MPS ...
International Adviser

Raymond James IM names Jeff Ringdahl as new president

Raymond James Investment Management (IM), which manages around $118.5bn (£88bn) in assets, has named Jeff Ringdahl as president, effective from 5 January. Ringdahl will be responsible for leading the ...