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 […]
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]