Money Marketing
22 October 2008

  • 2plan calls for IFA novation regulation

    23 Oct 2008

    2plan Wealth Management chief executive Chris Smallwood is calling for stricter FSA rules surrounding the transfer of IFA firms and their clients to other networks.

  • A revolution at the regulator

    23 Oct 2008

    The new FSA chairman has not been media-shy since his appointment and Adair Turner has set about his task by challenging a few sacred cows.

  • ABI to bring annuity transfer times down to 30 days

    23 Oct 2008

    The Association of British Insurers claims it will bring annuity transfer times down to 30 days under a new initiative between providers and e-commerce standards body Origo.

  • Absolute funds start to suffer

    23 Oct 2008

    They were one of the success stories of the year but it seems absolute return funds have not escaped the financial crisis that has swept through global markets.

  • Aegon considers tapping Dutch recapitalisation programme

    27 Oct 2008

    Aegon is considering taking part in the Dutch Government’s recapitalisation scheme.

  • Aegon secures £2.4bn from Dutch Government

    28 Oct 2008

    The Dutch Government has pumped £2.4bn (€3bn) into Aegon to shore up its capital position.

  • Age of change is needed to reform retirement

    23 Oct 2008

    Pension campaigner Ros Altmann has called for a Beveridge report into retirement because politicians are unable to face up to the crisis.

  • Aifa appoints Sesame executive chairman Ivan Martin as deputy chairman

    28 Oct 2008

    The Association of Independent Financial Advisers has appointed Sesame executive chairman Ivan Martin as its second deputy chairman.

  • Aifa jubilant after Turner admits IFA levies are too high

    23 Oct 2008

    Aifa says it welcomes comments by FSA chairman Lord Turner that regulatory fees for banks are too small compared with the fees paid by IFAs.

  • AIG chief says marketing was clear on fund details

    23 Oct 2008

    AIG Life UK chief executive Doug Brown says the insurer stands behind its enhanced fund marketing literature and does not believe that it would be liable to claims through the Financial Ombudsman Service.

  • AIG enhanced fund's independent valuer has three ex-AIG managers

    24 Oct 2008

    The independent third party that AIG has appointed to value assets in its enhanced fund for policyholders has three members of ex-AIG staff on its management team.

  • AIG Life appoints Cairn Capital to value enhanced fund assets

    23 Oct 2008

    AIG Life has appointed Cairn Capital as the independent third party in charge of assessing the value of assets in the enhanced fund on behalf of policyholders.

  • Analysis shows a growing trend towards later retirement

    24 Oct 2008

    The Office of National Statistics analysis shows there is a growing trend towards later retirement, according to an update on its Pensions Trends publication.

  • Aon downplays ABI’s inadequate timeframe

    23 Oct 2008

    Aon Consulting has downplayed the ABI’s introduction of a best-practice industry process for annuity purchase claiming that it does not go far enough in providing a solution.

  • Arc to sell off structured product arm to focus on IFAs

    23 Oct 2008

    Arc Fund Management is disposing of its structured product arm as part of a management buyout of three of its subsidiaries as the firm looks to focus on its core IFA business.

  • Atlantic sole

    23 Oct 2008

    US financial advisers are facing many of the same challenges as their UK colleagues, as was plain to see at the Financial Planning Association conference in Boston, USA in early October. There is a lot to learn from American planners - some things to copy and a few to avoid.

  • Aviva could change £1bn orphan cash payout

    23 Oct 2008

    Aviva says the terms of its £1bn reattribution payout could change if volatile market conditions continue.

  • Axa launches company pension scheme

    28 Oct 2008

    Axa is set to offer a new company pension scheme that automatically increases the level of contributions over the duration of the pension.

  • Bank of England warns insurers not to be complacent

    28 Oct 2008

    The Bank of England says insurance companies are better off in the current economic crisis than banks and hedge funds but warns against complacency.

  • Bankhall strategy MD Richard Howells appointed IFA sales director at Zurich

    28 Oct 2008

    Zurich has appointed Richard Howells as its IFA sales director.

  • Banks need “fundamental rethink” of risk- UK bank losses double to £122.6bn

    28 Oct 2008

    The Bank of England has advised UK banks to fundamentally rethink how they deal with risk as it reveals losses have doubled since April.

  • Barclays offers AIG enhanced fund clients a loan and warns against exit option

    24 Oct 2008

    Barclays Wealth has told clients with money in AIG Life's enhanced fund that almost every client would be better off taking the maturity plan and that it will loan clients money until it matures.

  • Bargain hunt

    23 Oct 2008

    The recent stock-market slump will make half-yearly fund statements grim reading. Unless you happened to own Manek growth, which is around 15 per cent ahead of the pack (and in positive territory at the time of writing). But given that this resident dog fund languished at the foot of the performance tables for years, there are unlikely to be that many of you.

  • Barnsley to merge with Yorkshire due to Iceland exposure

    22 Oct 2008

    The Barnsley building society is set to merge with Yorkshire building society as a result of its exposure to Icelandic banks.

  • Best of friends

    23 Oct 2008

    Although the last 12 months have been tough for everybody in our industry, Friends Provident has probably had more than its fair share of challenges.

  • Bestinvest puts Skandia global best ideas fund on hold

    23 Oct 2008

    Bestinvest has downgraded its rating on Skandia's global best ideas fund following a number of portfolio changes and poor performance from the underlying fund managers.

  • Biting the ballot on mortgages

    23 Oct 2008

    As we draw closer to a general election, the mortgage availability crisis and in particular the availability of mortgages for first-time buyers is going to become more of an issue for politicians. Last week, Chancellor Alistair Darling was criticised for asking the newly part-nationalised banks to go back to 2007 lending availability for homebuyers, a statement that John Charcol senior technical manager Ray Boulger called "mainly political".

  • Bond fears over Manx protection

    23 Oct 2008

    Skandia is warning that the Isle of Man’s strengthened depositor protection scheme may not provide cover to people with investments in insolvent banks through offshore bonds.

  • Bond savers await clarification on Manx reinforced depositor protection scheme

    23 Oct 2008

    The Isle of Man government has raised protection levels from £15,000 to £20,000 for non-individual depositors previously covered under the 1991 scheme, including charities and businesses.

  • Boulger attacks Halifax on collar conditions

    23 Oct 2008

    John Charcol senior technical manager Ray Boulger has criticised Halifax over the collars on its tracker mortgage rates.

  • Bright Grey enhances CI proposition

    27 Oct 2008

    Bright Grey has unveiled its plans to enhance its critical illness offering by adding two new definitions and extending three existing conditions.

  • Broker Talkback

    23 Oct 2008

    Do you agree with Kerry Nelson that structured products should be banned in the retail sector?Yes 25%No 75%

  • City minister Myners suggests Govt should take some blame for crisis

    23 Oct 2008

    The new minister for the City Paul Myners has suggested the Government does need to accept some of the blame for the financial crisis.

  • CML publishes industry guidance on repossession

    22 Oct 2008

    The Council of Mortgage Lenders has produced a best practice guide on mortgage arrears and repossessions.

  • Confusion concern over Charcol protection tie

    23 Oct 2008

    London & Country has hit out at John Charcol's single-tie protection deal with Legal & General, suggesting it sends mixed messages to clients.

  • Crisis sees firms bring back MVRs for with-profits

    23 Oct 2008

    Norwich Union, Friends Provident and Scottish Widows have placed market value reductions on with-profits policies due to continued market turbulence.

  • Curve control

    23 Oct 2008

    What turbulent times we live in. It is a full-time job just keeping up with the sheer volume of world events and the markets. There have been many positives recently although there are still a few negatives. Probably the biggest negative is the dose of reality that has hit the equity markets.

  • Darling, Turner and King hauled in front of Treasury select committee

    22 Oct 2008

    Alistair Darling, Lord Adair Turner and Mervyn King have been called to give evidence on the banking crisis at the Treasury select committee in a fortnight.

  • David Cooper given extra sales and distribution role at Just Retirement

    27 Oct 2008

    Just Retirement has announced it has appointed David Cooper to take responsibility for sales and distribution in addition to his existing role as marketing director.

  • Demythologising credit ratings

    23 Oct 2008

    There has been much debate over the past year about the role and performance of credit-rating firms, yet despite the mass of information that rating firms make available to the market, much of this discussion remains ill informed.

  • European Pensions Management waives minimum investment in Sipp

    24 Oct 2008

    European Pensions Management has waived the minimum £15,000 investment in its low-cost Funds Sipp until the end of the year.

  • Fortis teams up with Click to launch new product

    27 Oct 2008

    Fortis Life UK is teaming up with online provider Click to offer Click for Life cover.

  • FSA bans broker for pocketing client premiums

    23 Oct 2008

    The FSA has banned a Lancashire broker for cancelling clients’ insurance contracts while continuing to accept their premiums and for failing to disclose a previous convictions.

  • FSA extends Gabriel deadline for 3,000 firms due to system problems

    24 Oct 2008

    The FSA has extended the data submission deadline for 3,000 intermediary firms after its new filing system Gabriel buckled under pressure.

  • FSA reports 71% rise in repossession

    28 Oct 2008

    The FSA has revealed that repossessions, where the house has been successful sold by the lender, have rocketed by 71 per cent in Q2 2008, to 11,054 cases.

  • FSA stands firm on short selling measures

    22 Oct 2008

    The Financial Services Authority has decided to keep its short selling ban on publicly quoted financial companies.

  • FTSE falls further below 4,000 on global recession fears

    24 Oct 2008

    The FTSE 100 opened 41 basis points lower this morning at 4,046.83 following further losses on the global markets overnight.

  • FTSE rebounds from Monday losses

    28 Oct 2008

    The FTSE100 was up over 2 per cent this morning as the market reacted to the Asian rally overnight.

  • FTSE slide continues

    27 Oct 2008

    The FTSE100 reached new lows this morning as fears of a global economic slowdown continued to hit investor confidence.

  • FTSE slumps 4 per cent on BoE’s recession talk

    22 Oct 2008

    The FTSE 100 opened 42.47 points lower today on yesterday’s close as investors digested news from the Bank of England that the UK could be entering a recession.

  • FundsNetwork predicts protected rights' exodus

    23 Oct 2008

    Research by Fidelity FundsNetwork suggests that fewer than 8 per cent of pension savers are happy to leave their protected rights' money in insurance company funds.

  • Gale warning

    23 Oct 2008

    The focus of concern has shifted from the maintenance of a stable banking system to the length and depth of the inevitable recession. I say inevitable because the chances are it has already arrived.

  • Get ahead of the rdr

    23 Oct 2008

    Radical changes undoubtedly lie ahead for the life, pensions and long-term savings sector.

  • Govt could recover bail-out cash by selling stakes in reconstruction fund

    23 Oct 2008

    The Bank of England governor Mervyn King has said the Government could start to recover some of the £37bn it is injecting into banks by selling units in a bank reconstruction fund.

  • Govt prepared to extend emergency banking powers

    27 Oct 2008

    The Government has revealed it may need to extend its emergency powers under the Banking Special Provisions Act beyond February 2009 if the Banking Bill is delayed.

  • Govt proposes measures to boost state pension for women and carers

    24 Oct 2008

    The Government is proposing an amendment to the Pensions Bill to allow people to buy an additional six years of voluntary National Insurance Contributions to help boost the state pension for women and carers.

  • Hargreaves disputes need to increase FSA fees

    23 Oct 2008

    Hargreaves Lansdown chairman Peter Hargreaves has attacked Lord Turner's view that FSA bank levies are proportionally too small.

  • Hargreaves Lansdown expects annuity rates to fall over next year

    22 Oct 2008

    Hargreaves Lansdown expects a sharp drop in annuity rates over the coming 12 months due to economic indicators pointing downwards.

  • Hargreaves Lansdown holds up in crisis

    23 Oct 2008

    Hargreaves Lansdown saw assets under administration fall by 7 per cent in the period from June to September this year.

  • Heavy mettle

    23 Oct 2008

    After the crisis, comes the uncertainty. The daily dance of the FTSE and the Dow Jones (two steps forward, four steps back) continues to hold a morbid fascination. We have seen unprecedented levels of government intervention on both sides of the Atlantic to prop up the financial system and stabilise markets but as yet there is no sign that equilibrium has been reached.

  • Hot under the collar

    23 Oct 2008

    The possibility of a bank rate below 3 per cent seemed sufficiently remote for it not to be a major factor influencing the choice of lender for a tracker mortgage. Yet some economists now suggest that the bank rate could fall below that level. Inflation will fall rapidly in the next year. By the end of 2009, the money policy committee's challenge will be keeping the CPI above 1 per cent rather than worrying about it being above 3 per cent. In these circumstances, a bank rate below 3 per ...

  • House of horrors

    23 Oct 2008

    The root cause of our economic and financial woes has been property.

  • How the AIG restructuring will work

    23 Oct 2008

    AIG Life UK (AIG) have recently made an announcement on how policyholders who hold Premier Access Bonds invested in their Enhanced Fund may immediately encash 50 per cent of their investment.

  • IMA says structured providers need to recognise the risks

    23 Oct 2008

    Investment Management Association chief executive Richard Saunders says structured product providers and their clients need to review what they see as a risk-free investment.

  • Irish funds market opens to Chinese investors

    23 Oct 2008

    The Irish Financial Services Regulatory Authority has signed an agreement which Chinese regulatory authorities allowing Chinese investors to invest in Irish domiciled funds.

  • It's not Oleg the Oligarch - it's the economy stupid!

    28 Oct 2008

    There are some political things I think we should be arguing about. Oleg the Oligarch and his relations with Tory and Labour politicians is not one of them.

  • JOHIM appoints head of fund distribution

    24 Oct 2008

    J O Hambro Investment Management has announced the appointment of Charles Bathurst as director and head of fund distribution.

  • Just Retirement appoints Shayne Deighton as group chief actuary

    27 Oct 2008

    Just Retirement has appointed Shayne Deighton as group chief actuary and board director.

  • Just Retirement warns annuity market will be hit by deferment

    24 Oct 2008

    Just Retirement has reported a slight downturn in annuity sales and warned the annuity market will be affected by a large number of potential annuitants deferring taking their benefits.

  • KSF IOM liquidation delayed until November 27

    24 Oct 2008

    The Isle of Man High Court has postponed the winding-up of Kaupthing Singer & Friedlander Isle of Man until November 27.

  • KSFIOM action group blames UK govt for compounding Icelandic crisis

    22 Oct 2008

    The Kaupthing Singer & Friedlander Isle Of Man action group has accused the Government of exacerbating the Icelandic banking crisis, following an audience with the Icelandic embassy yesterday.

  • KSFIOM action group claims Treasury to use British savers assets to cover Icelandic debts

    23 Oct 2008

    Kaupthing Singer & Friedlander Isle of Man action group says evidence suggests the Treasury will use British KSF assets to cover Icelandic debts rather than returning them to British savers.

  • L&G teams up with Assureweb

    28 Oct 2008

    Legal & General has unveiled its plans to offer business protection through online portal Assureweb.

  • Leadpoint offers home insurance leads

    23 Oct 2008

    Leadpoint has unveiled its plans to offer home insurance leads to its customers.

  • Lehman Brothers enters PPF assessment period

    23 Oct 2008

    The Pension Protection Fund has confirmed that a section of the Lehman Brothers pension scheme has entered the assessment period.

  • Life companies stress strength of cash position

    23 Oct 2008

    Life insurers have defended their capital position after market concerns that they could be the next sector to be hit by the credit crisis.

  • Lighthouse urges delay to RDR

    23 Oct 2008

    Lighthouse has called for a delay to the retail distribu- tion review due to the financial crisis.

  • Looking West to the future?

    24 Oct 2008

    'When America sneezes, Europe catches a cold,' as the old saying goes. And it has rung true over the last year - but have we got some more sniffles to come?

  • LV= releases hard-hitting IP film

    22 Oct 2008

    Insurance group LV= has released a hard-hitting short film in a bid to highlight the importance of income protection.

  • Mandarins' pensions rise by 12%

    23 Oct 2008

    Top civil servants' pensions across all Government departments have increased by £16m to £138m over the past year, according to research from the Liberal Democrats.

  • Matrix enhances mylocaladviser.co.uk

    23 Oct 2008

    Matrix Data Solutions has relaunced its online directory mylocaladviser.co.uk in a bid to further assist IFAs.

  • Matthews says Friends "immunised" against market turmoil

    24 Oct 2008

    Friends Provident chief executive Trevor Matthews has said the insurer has no need for additional capital as its share price dropped by 18 per cent in morning trading.

  • Mean time

    23 Oct 2008

    For those of us who have been following the events of the past few weeks, the fallout between what is happening in the stockmarket and the real world is becoming increasingly clear - and painful.

  • Midas chief says it's time to look for opportunities

    23 Oct 2008

    Midas Capital chief executive Simon Edwards says the time for panic over global markets has passed and careful investors should now be looking for opportunities.

  • Money Portal joining L&G's mortgage club

    23 Oct 2008

    The Money Portal has joined Legal & General's mortgage club.

  • Money Portal sets up annuity service

    23 Oct 2008

    Money Portal has launched a new company called Annuity Portal which aims to offer an annuity referral service to all advisers.

  • Mortgage Times launches new buy to let product

    23 Oct 2008

    Mortgage Times has launched a new buy to let deal funded by Platform, the intermediary lender of Britannia.

  • Most Icesave UK retail depositors will receive compensation next month, says FSCS

    27 Oct 2008

    The Financial Services Compensation Scheme has announced it will accelerate the compensation process for the 200,000 retail depositors with savings in Icesave UK.

  • Movers and takers

    23 Oct 2008

    Ayear ago, in one of my articles for this paper, I said that the FSA's system for insolvency regulation for financial institutions is plainly not up to dealing with the loss of confidence in a financial institution and that the FSA had to provide depositors with guidance as to the creditworthiness of deposit takers.

  • Network Data to sell head office and admits commission backlog

    24 Oct 2008

    Network Data has revealed it is to sell its Botleys Mansion head office and admitted a backlog of commissions.

  • Norwich Union sales down but still buoyant

    28 Oct 2008

    Norwich Union UK life and pension sales have remained buoyant, falling only slightly in the current market conditions.

  • Offshore bond Iceland savers to get no individual protection, says IOM Treasury

    24 Oct 2008

    The Isle of Man Treasury has confirmed that savers in offshore bond wrappers will not get any individual cover under the enhanced depositor protection scheme.

  • Once in a lifetime

    23 Oct 2008

    In last week's article, I looked at the potential impact that an increased transferable £1m nil-rate band could have on will planning. This week, I would like to turn the focus on couples with a combined estate of less than £2m and look at whether, if the proposed increase were enacted into law, there would be any incentive to make lifetime gifts or enter into any form of lifetime planning strategy.

  • People will work longer as pension pot value plummets

    28 Oct 2008

    The value in pension pots over the past year has plummeted due to the fall in stockmarkets.

  • Personal attention

    23 Oct 2008

    I am approaching the normal retirement age of my personal pension. Should I buy an annuity now or has the drop in the stockmarkets had a negative effect on the amount of pension I will receive, making it better for me to wait for a little while?

  • Personal column

    23 Oct 2008

    Amid the turmoil in the financial markets, inflation has hit multi-year highs, home prices are recording record falls and unemployment is rising at the fastest rate since 1991.

  • Promises, promises, promises

    23 Oct 2008

    It has been a week of promises in the pensions industry, starting with the Government tabling an amendment to the Pensions Bill that it hopes will safeguard the final salary promises of bought-out pension schemes.

  • Protesters besiege US mortgage broker convention

    23 Oct 2008

    Delegates at this year’s US Mortgage Broker Association convention were besieged by angry protestors on Tuesday.

  • Pru International sales up 41 per cent

    23 Oct 2008

    Prudential International has reported a 41 per cent increase in sales with annual performance earnings totalling £48m for the first nine months of 2008.

  • Pru is looking at bidding for insurer's Asia business

    23 Oct 2008

    Prudential group chief executive Mark Tucker has confirmed that the company is eyeing up AIG's Asia operations.

  • Redeeming qualities

    23 Oct 2008

    Intermediaries and retail investors held their cool somewhat during the volatile month of September, with fund activity staying relatively consistent with the rest of the year, according to Cofunds.

  • Respond to repo rise

    23 Oct 2008

    Treasury Chief Secretary to the Treasury Yvette Cooper chose last weekend to suggest that banks think long and hard before they enforce repossession orders.

  • Rights issue

    23 Oct 2008

    The Information Tribunal's decision to reject the FSA's use of the Human Rights Act to block a freedom of information request to name the "Lautro 19" has left some lawyers suggesting the regulator is clutching at straws.

  • Sales of absolute return funds plummet

    27 Oct 2008

    Absolute return funds have surrendered their position as the biggest selling sector, according to latest figures from the Investment Management Association.

  • Schroders appoints new fixed income head

    24 Oct 2008

    Schroders has appointed Karl Dasher as the group’s head of fixed income.

  • Scottish Life lambasts AMDs in favour of CAR

    22 Oct 2008

    Scottish Life is warning advisers of the hidden dangers surrounding active member discounts in an IFA document.

  • Scrutiny of Lloyds HBOS merger heats up as OFT reports

    24 Oct 2008

    More concerns have been raised concerning the imminent Lloyds TSB HBOS merger as the Office of Fair Trading submits its report to the Government.

  • Seeking clarification on Sipp compensation

    23 Oct 2008

    Open letter to the Department of the Treasury, Isle of Man

  • Sesame signs five-year partnership deal with 1st – The Exchange

    22 Oct 2008

    Sesame has sealed a five-year partnership deal with 1st – The Exchange, giving members access to the portal’s Exweb service.

  • Settlement figure

    23 Oct 2008

    A new product is about to be launched which I believe is the first of its kind, a 100 per cent capital- protected investment in US life settlements. It is an Isle of Man capital-protected life settlements seven-year note issued by Credit Suisse and is marketed by mansellpartners.com.

  • Shaun Matisonn

    23 Oct 2008

    Shaun Matisonn, the chief executive of PruHealth and PruProtection, has an almost evangelical approach to getting people to live healthier lives.

  • Skandia says volatility will boost multi business

    23 Oct 2008

    Skandia Investment Group chief executive Jamie MacLeod believes that the current volatile markets will lead to significant increases in multi-manager sales.

  • Slump shared across sectors

    23 Oct 2008

    Standard Life UK funds are among those bearing the brunt of the market conditions, according to figures from Financial Express.

  • Specialist help needed urgently

    23 Oct 2008

    "It is a complicated world at the moment," says Intermediary Mortgage Lenders' Association chief executive Dr Peter Williams, "and we are only part-way through it."

  • Spiers returns as chief executive

    23 Oct 2008

    Bestinvest founder John Spiers has reclaimed his role as the firm's chief executive less than 18 months after selling his stake to private equity firm 3i.

  • Standard variable annuity on hold again

    23 Oct 2008

    Standard Life has delayed the launch of its variable annuity for the second time, with the product now pencilled in for some time in the new year.

  • Sterling drops to five-year low against dollar

    23 Oct 2008

    Sterling has fallen to a five year low against the dollar at $1.62 amid fears of a UK recession.

  • Structured products do not meet our objective

    23 Oct 2008

    I am writing in response to John Lawson's letter in Money Marketing's issue of of September 25 concerning my review of Standard Life's structured products.

  • Taylor becomes deputy CIO at Architas

    23 Oct 2008

    Architas Multi-Manager has appointed Colin Taylor as deputy chief investment officer.

  • The full Monty

    23 Oct 2008

    Many readers will recall the Monty Python sketch about the dead Norwegian Blue parrot but how many can recall the skit about cheap car insurance?

  • The NIC of time

    23 Oct 2008

    The Pensions Bill is certainly packing a full agenda. As it returns to the Lords for report stage, it is currently running to 129 pages and it covers a multitude of subjects, from new employer responsibilities for automatic enrolment into pensions to creation of the personal accounts scheme, to pension compensation on divorce.

  • The waiting game

    22 Oct 2008

    They guarantee me, they guarantee me not. Savers would do just as well to pluck the petals of a daisy and repeat this well-known doggerel for an answer to whether their offshore bonds will be covered by local depositor protection schemes.

  • Towergate appoints ex-John Charcol chairman Ian Darby as chief exec

    27 Oct 2008

    Towergate Financial has appointed ex-John Charcol chairman Ian Darby as its chief executive.

  • Transcript reveals Darling “doubted” Iceland bank assurances

    27 Oct 2008

    A transcript of a phonecall between Alistair Darling and an Icelandic official has revealed that the Chancellor “doubted” Icelandic reassurances "weeks" before the fall of its banks.

  • Trunk calls

    23 Oct 2008

    Heard of elephants? When people talk about the elephant in the room they are usually referring to an issue so big that it should be obvious to everyone but that, strangely, nobody ever seems to mention.

  • Which? slams MVRs and calls for review of with-profits regulation

    27 Oct 2008

    In the wake of several life insurers implementing Market Value Reductions on over 1.4m with-profits policies, Which? has slammed them and called for the FSA to launch a comprehensive review of its regulation of with-profits funds.

  • Williams de Broe is taking over Kaupthing Singer & Friedlander

    23 Oct 2008

    Evolution-owned wealth manager Williams de Broe is acquiring the assets and investment team of UK discretionary manager Kaupthing Singer & Friedlander Investment Management.

  • Workers shun company pension schemes

    28 Oct 2008

    UK workers are missing on £5.07bn a year by failing to join a company pension scheme, according to research released from Prudential.

  • Zurich appoints CEO for Middle East and Africa

    24 Oct 2008

    Zurich International Life has appointed Carlos Sabugueiro as CEO for its life business across the Middle East and Africa.

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