IFAs believe they should be required to undertake training before advising on post-retirement planning, according to research by Winterthur Life. Its survey of 214 IFAs nationwide showed 93 per cent were in favour of compulsory training to cover areas such as income drawdown.
Equitable Life has written to 20 former directors asking them to justify their behaviour in the past running of the society following legal advice by lawyers Herbert Smith.The letter was sent in a bid by the troubled life office to recover losses it suffered following a House of Lords ruling that it could not apply […]
The most imp-ortant part of the BuildStore product offering is the self-build facility rather than the actual mortgage deal.It is offering 95 per cent of the land purchase price and build costs with stage payments in advance. The majority of lenders that offer self-build terms will go to a maximum of 75 per cent of […]
Friday, December 7, 2001.Type: Oeic.Aim: Income by investing in investment grade fixed-interestsecurities.Minimum investment: Lump sum £1,000.Investment split: 100 per cent in investment grade fixed-interestsecurities.Yield: 5.5 per cent.Isa link: No.Pep transfers: No.Charges: Initial 3.5 per cent, annual 1 per cent.Commission: Initial 3 per cent, renewal 0.5 per cent.Tel: 0800 9174752.
The ABI is examining propo-sals for a disclosure regime based on benchmarked or average commission in a bid to seize the initiative before the Sandler review forces the industry's hand.Papers seen by Money Marketing from the ABI's life insurance committee suggest “the commission offered by various providers on the same product might be disclosed, perhaps […]
Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]
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Workplace savings and pensions business Punter Southall Aspire is to acquire Oxford-based IFA Focus Oxford as it outlines its ambition to set up a national advice service. The acquisition is part of the firm’s plan to integrate its retail advisory arm and corporate business. Focus Oxford has £200m of assets under management and the deal […]
Several independent boards of Baillie Gifford’s investment trust clients have written to the FCA about concerns with new Priips key information document rules. Baillie Gifford’s concerns relate to disclosure rules for the documents. It says these are based on past performance and could lead to investors being misled. Baillie Gifford compliance and legal partner Graham Laybourn […]
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