Abbey wants to more than double its annual-premium pension and investment business to over £2bn in the next 18 months. It is seeking to increase its number of branch-based advisers from 350 to about 750.
Safe Home Income Plans has revealed the total value of new business written in Q2 2006 was 262.8 million, a drop of 5.8 per cent on Q1 2006 income.But the figures were 0.75 per cent ahead of Q2 2005, which stood at 260.9m. Ship adds that, year on year, the number of new cases has […]
The director of the Association of British Insurers’ Raising Standards initiative, Martin Shaw, has left the organisation. Director of consumer strategy George Hodgson is heading the customer impact scheme, which has replaced Raising Standards. Shaw is now a freelance consultant.
The Financial Services Authority has today publicly reprimanded a mortgage broker and published a ‘statement of misconduct’ for failing customers.In the first such disciplinary case against a senior manager of a mortgage and general insurance broker, Steven Leslie Davis was found to have “fallen well below acceptable standards in the way that he carried out […]
David Cameron has called on Tony Blair to explain how the Government got its home information pack proposals so wrong as the Tories demand that the scheme is scrapped altogether. The Conservative leader used Prime Minister’s questions to attack Blair after the home condition report U-turn, asking how housing minister Yvette Cooper can warn of […]
Pension scheme membership among employees has risen by more than five million in the past four years because of the policy of automatic enrolment into workplace pensions. But Britain’s army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment. Pension coverage among the self-employed […]
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]