Latest

General-Business-People-Hire-Appointment-700x450.jpg

Financial planner poaches Standard Life Aberdeen operations manager

Boutique wealth management and advice firm Capital Asset Management has poached Aberdeen Standard Capital client operations manager Chirine Harb. Harb will join the firm as head of operations after leaving her role at Standard Life Aberdeen’s discretionary investment management arm. Prior to that role, Harb worked at Octopus Investments. Harb says: “The decision to move […]

9 in 10 customers cannot define “protection”

The industry must rethink the language around protection to give better support to intermediaries and boost public awareness, according to Legal and General. Research from the firm shows  just nine per cent of consumers associate the term “protection” with life or critical illness cover. A total 40 per cent of those surveyed thought “protection” referred […]

DB transfer values ride out turbulent February

Pension transfer values remained unchanged in February, despite an initial jump. There was a broad increase throughout the start of the month, but a sharp drop later in February left the XPS Pensions Group Transfer Value Index unchanged over the period. The index, which uses the example of a defined benefit scheme to a 64-year-old […]

Australia-OZ-Sydney-Opera-House-700x450.jpg
1

Australian bank turns off advice commissions after govt inquiry

National Australia Bank has said it will turn off “grandfathered commissions” for its advisers as the country’s Royal Commission into the banking sector continues to reverberate. In a letter today, NAB says it has agreed to all 10 of the Royal Commission’s recommendations for financial advice. So called grandfathered commissions – trail remuneration on legacy […]

1

Female advisers share their stories

Leading female advisers share their financial services experiences While equality in the workplace takes in many more aspects than just gender, there is no doubt it is an issue that keeps bubbling up to the surface in financial services. Estimates suggest female advisers are outnumbered by male counterparts by a ratio anywhere from 10:1 to […]