Displaying items by tag: Covid19

The number of people who want to retire early has more than doubled during the pandemic from 4% to 10% and more people have clearer retirement plans.

One in four workers in the UK have changed their pension plans due to the Coronavirus pandemic, according to new research released for Pensions Awareness Day this week.

Mattioli Woods, the wealth management and SIPP business, has reported pre-tax profit up 36.7% to £13.4m for the year ended 31 May.

The FCA has today launched a survey of 13,000 regulated firms to assess how their ‘financial resilience’ may have been affected by the Coronavirus outbreak.

The Pensions Regulator has warned savers looking to transfer their pension pot during the Covid-19 outbreak that the move is “unlikely” to be in their best long term interests.

Platform and SIPP provider AJ Bell has reported client numbers up 22% to 262,179 over the past 12 months.

Financial services firms expect to be hit with a major drop in business in the next quarter due to Coronavirus, according to the latest CBI/PwC Financial Services Survey.

Ian Mattioli, chief executive of wealth management and SIPPs business Mattioli Woods, has waived his salary until at least 30 June and board directors have reduced their fees to 50%.

The Bank of England’s Monetary Policy Committee has cut the bank base rate from 0.25% to 0.1%, an unprecedented low.

Curtis Banks has reported pre tax profit up by 8% to £10.9m for 2019.