Investment consultants' recommendations are not driven by past performance, add no value to investors yet significantly impact inflows, academic research on the US market finds.
Research from the Saïd Business School, University of Oxford said investment consultants advised of £25trn of institutional assets globally and £13trn specifically in the US. The study: Picking Winners?...
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.
It has again been suggested self-employed workers could enjoy pension provision through the tax return process. James Phillips explores the latest proposals.