Hints and tips:
...On the same day, L&G chief executive Sir Nigel Wilson decried the “perpetual drift” of companies away from London’s stock market, attributing it in part to a decline in equity holdings among pension funds...
...L&G declined to comment....
...But other savers can still try to plan ahead for unexpected closures....
...This includes Transact, Nucleus and M&G’s Wealth Platform, with Abrdn’s Wrap platform and AJ Bell’s Investcentre offering deposits through Sipps....
...The over-55s spend more time buying a car than managing their pension money, according to L&G. Older investors often have the benefit of experience....
...That’s the mood of the clients,” says Monty Montgomery, chief executive of wealth management at M&G, the funds group. “People wake up every morning and check their portfolios....
...Deposit betas, which encapsulate the proportion of rate increases passed on to savers, are already 40 per cent in the UK....
...It’s most pressing if your pension is with Aviva, Scottish Widows, L&G, Aegon, Phoenix, Nest, Smart Pension, M&G or Mercer....
...“Bigger banks could facilitate this quite easily, whereas smaller providers like building societies could team up with the likes of L&G or BlackRock to offer a simple range of trackers,” suggests Jason Hollands...
...“But it’s really about tapping into the changing needs of the saver market in retirement.”...
...L&G did not respond. The chancellor will reassure the City that he wants to work with pensions companies rather than telling them what to do....
...What worries me is the lack of competition on the open market, with only a handful of insurers offering quotes, including Scottish Widows, L&G, Aviva and Canada Life....
...This encompasses a wealth business — including its multi-asset with-profits Pru Funds, which smooth returns and are popular with retirement savers — and its Heritage annuities business....
...Now the first Long-Term Asset Funds (LTAFs) have started to go live, so savers can begin investing....
...“It’s important people take the time to understand the impact of inflation increases and consider where they keep their money,” said Bernie Hickman, L&G chief executive of retail....
...M&G offers actively managed equity and bond funds, and real estate and infrastructure products. Its multi-asset with-profits funds, which smooth returns, have won popularity among retirement savers....
...M&G offers actively managed equity and bond funds as well as real estate and infrastructure products. Its multi-asset with-profits funds, which smooth returns, are popular with retirement savers....
...“We shouldn’t give up on DB because the average duration is still 15 years,” says Nigel Wilson, chief executive of L&G....
...M&G’s chief executive Andrea Rossi said the business “has what it takes” to push ahead as a standalone company amid speculation of a takeover approach from Australian group Macquarie....
...“Rising inflation continues to attack consumers from all angles and shows no signs of easing off any time soon,” said Les Cameron, savings expert at M&G Wealth....
...Advisers appealed for help to prevent the gilt market from becoming disorderly and damaging pensions for millions of savers as schemes became forced sellers of assets....
...Rival investment providers Vanguard and Bestinvest, along with FTSE 100 asset managers Abrdn and M&G, are among those racing to expand in this market....
...their main settlement of Qaanaaq lies one of the world’s most lucrative titanium ore deposits, being developed by London-listed Bluejay Mining, a small-cap company backed by the likes of Prudential and M&G.Historically...
...How does that qualify for E, S or G? The choices are hard....
...M&G, the £370bn UK manager, has turned the tide on years of outflows, eking out some modest inflows in 2021 after cutting fees and shaking up its retail business....
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