articles
Articles
Select a news topic from the list below, then select a news article to read.
FSCS: ‘We’re not here to punish defaulting firms’
- Details
- Hits: 7380
TPR exec warns of increasingly 'clever and devious' scammers
A senior director at The Pensions Regulator has called on pension holders to be more vigilant to combat increasingly "clever and devious" scammers.
- Details
- Hits: 6843
AJ Bell boosts profits by 24% in record performance
The firm reported “strong growth” for the six months ended 31 March, which, as well as increasing profits to record levels, included a 12% rise in customer numbers from 164,557 to 183,482 and a 5% increase in assets under management from £39.8bn to £41.8bn .
Elsewhere in the report highlights included:
· New business growth with net platform inflows of £3.5bn, up 17% (H1 2017: £3.0bn)
· Customer retention of 95%
· Revenue increased 16% to £42.9m (H1 2017: £37.0m)
· An interim dividend payment of 14p per share, a 10% increase compared to the interim dividend last year (H1 2017: 12.75p)
In the period the company launched two new income-focused multi-asset portfolios within its Managed Portfolio Service (MPS) for financial advisers, as well as a new Lifetime ISA.
Preparations for a listing on the London Stock Exchange “later in 2018 or early 2019” were said to be “progressing well.”
Andy Bell, chief executive of AJ Bell, said: “These are the most profitable interim results in our history and are a great endorsement of our strategy and market position.
“The UK retail investment and savings market continues to display strong growth and investment platforms are central to this.”
“We are well placed to continue our growth trajectory and are progressing well with our plans for a premium listing on the London Stock Exchange later this year or early 2019.”
- Details
- Hits: 7341
7IM launches zero annual fee own-brand SIPP
Seven Investment Management (7IM) has become a pension provider this week by launching its own Self Invested Personal Pension (SIPP) with no annual fee on accounts above £75,000.
- Details
- Hits: 8182
XPS Pensions Group is new name for Xafinity Punter Southall
- Details
- Hits: 7529