Displaying items by tag: Coronavirus
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.
Transfer values slump as Covid-19 hits
Defined benefit transfer values slumped by 3% in March and the number of members asking for a transfer value fell to a record low, according to figures released by the XPS Transfer Watch today.
SIPP pioneer loses life to Coronavirus at 82
SIPP pioneer Geoffrey Pointon has died at the age of 82 from Coronavirus, according to reports in his local newspaper the Rutland and Stamford Mercury.
SIPP firm rolls out e-signature facility
Momentum Pensions, a UK and international SIPP and pension provider, has accelerated the introduction of electronic signatures for pension and investment forms to help advisers and clients during the Coronavirus outbreak.
Pension Dashboards consultation is delayed
The Pensions Dashboards Programme, a body backed by the Money and Pensions Service, said in a progress report today that it is moving forward but has deferred two major full consultations due to the Coronavirus crisis.
FCA relaxation of 10% drop letter rule is welcomed
Andy Bell, chief executive of platform and SIPP provider AJ Bell, has welcomed news that the rules on 10% ‘investment drop’ letters will be relaxed for six months.
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.