High Net Worth has discovered that the Freedom Sipp faces imminent deregistration and windup.

Just four out of every 10 high net worth individuals use wealth management services, research from YouGov has revealed.

The announcement that Hartford Life is to withdraw from the UK market has received mixed responses from industry specialists.

The announcement that Hartford Life is to withdraw from the UK market has received mixed responses from industry specialists.

Hartford Life has suspended its retirement and investment business in the UK, citing turbulent markets as the catalyst.

Web technology firm Alox Ltd has launched an online auction marketplace to allow banks and building societies to ‘bid’ for customers.

Nucleus Financial has launched a new model portfolio tool on its wrap platform, which it says will allow their investments to be better aligned to their risk portfolio.

Former clients of the stockbroker firm Pacific Continental Securities UK, which ceased trading in June 2007, may be eligible for compensation of up to £48,000 after the firm was declared to be in default.

High net worth earners will be hit by a set of “Robin Hood initiatives” in chancellor Alistair Darling’s pre-Budget report (PBR), a tax expert said.

The freeze on lifetime allowances to pensions will be another blow to high earners, in addition to a 45% tax rate cut announced in the

Volatility and the security of financial institutions are among the primary concerns of investors in a turbulent financial market, according to this year’s High Net Worth cash balance survey (p15).

Cash is a core element of all portfolios but requires management (see the Sipp & SSAS cash balance survey on page 15 if you’re not sure why), even if the government has stepped in with guarantees and increased compensation limits.

Offshore financial centres have so far managed to weather the global economic storm, but finance chiefs have told HNW they remain cautious.

Jewellery collectors must beware of underinsurance as the price of diamonds and precious metals soars.