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Pension liberation scheme lands payday lenders with ban

The Insolvency Service has banned three payday loan directors for using pension liberation money to pay off the company’s debt. Speed-e-Loans.com directors Philip Miller, Robert Alan Davies, and Daniel Jonathan Miller have been banned for nine, six and five years respectively. Their misconduct caused the loss of over £1.2m investors’ money. In July 2012, the firm’s […]

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SimplyBiz signs another DB transfer deal after outsourced adviser exits

Support service provider SimplyBiz has signed a third new deal for defined benefit transfer advice work after its original partner pulled out of the marketplace. In an email to members seen by Money Marketing, compliance director Gary Kershaw apologises for any inconvenience caused by Crowborough-based advice firm CFPML’s decision to exit the DB transfer marketplace. […]

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Will the Govt’s new guidance body live up to its promise?

Questions have been raised as to whether the Government’s new guidance body will end up with the right remit as the Lords continue to debate what the new service will look like. As the proposed single financial guidance body’s “to-do list” looks to be growing a year before it has even launched, the Government is […]

Active vs Passive
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Passive assets set to eclipse active in 10 years

Passive assets are on track to surpass active funds in 10 years, according to a new EY report. ETFs will benefit disproportionately from the shift because of their low fees and intraday liquidity in volatile markets, EY says. The Global ETF Research 2017: reshaping around the investor report found 67 per cent of the industry expects most […]

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Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.

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