The ABI is commissioning further research into indem-nity commission, claiming the debate has not moved on following the recommendations made by Charles River Associates earlier this year.Deloitte has been brought in to devise possible alternatives for the commission structure after the ABI consultation launched alongside the CRA research. ABI life and pensions director Chris Kenny says the action is not being instigated to stave off any regulatory intervention but claims it will benefit providers and advisers if intermediaries can build more resilient financial models reliant on recurring rather than up-front income streams. Deloitte is expected to de-liver its analysis by the end of the year and the ABI will formulate the next stage of its work on the issue by Easter. Kenny says: “Respondents in our consultation process all mentioned indemnity commission but did not come out with any detailed models.”
Cheshire Building Society
Buy-To-Let Two Year Fixed
Fund of funds and research house, Forsyth Partners has added to its UK team with the appointment of Sophie Huang as research analyst.Huang has been working as an independent consultant for the past two years after a prior seven year stint at UBS where she covered alternative investments.Forsyth has also poached Vanessa Heywood from Aberdeen […]
A Sidcup mortgage broker has lost his appeal against a decision by the Office for Fair Trading to revoke his consumer credit licence. Stewart Williams, trading as S&J Consultants, was convicted in July 2000 on several offences, including dishonesty and obtaining business money transfers by deception.
Clare Bettelley analyses the growing business of mortgage securitisation and what can happen when things go wrong
The head of Artemis’ US team explains why he is holding cyclical stocks (like semi-conductors) while also investing in growth (videogame producers, Amazon).
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
There is no chance the FCA will let the issue rest but any policy decisions need to be informed by facts, not rhetoric
Robo-adviser Scalable Capital has moved into offering full financial advice. The Europe-wide firm will charge a fixed £200 fee if an investor decides to progress beyond an initial free session. According to Scalable Capital’s website the advice session can either take place over the phone or in person, and investors will get a full suitability […]
Typical transfer values for defined benefit scheme members remained high during 2017, ending the year at £236,000, according to Xafinity’s latest date. This was little changed from the end of 2016 when the figure was £234,000 the Xafinity Transfer Value Index shows. However there was some volatility over the year as the difference between the […]