Displaying items by tag: Covid19
Doubling in numbers seeking early retirement
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.
1 in 4 workers alter pension plans due to Covid
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's lockdown cost-cutting drive boosts profits
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.
FCA launches Covid-19 survey of 13,000 firms
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.
TPR issues Covid-19 pension transfer warning
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.
AJ Bell reports client numbers up but AUA down
Platform and SIPP provider AJ Bell has reported client numbers up 22% to 262,179 over the past 12 months.
Slump likely for financial services - CBI/PwC survey
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.
Mattioli Woods CEO gives up £1.1m salary
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%.
Bank of England slashes base rate to 0.1%
The Bank of England’s Monetary Policy Committee has cut the bank base rate from 0.25% to 0.1%, an unprecedented low.