The Association of British Insurers is calling on HM Revenue & Customs to revisit its rules around the way it governs a person’s estate following their death in order for providers to issue a part-payment on life insurance claims.
West Riding Personal Financial Solutions managing director Neil Liversidge has called on fee-only advocate Towry Law to justify how its fund charges differ from initial or trail commission.
Positive Solutions is to ringfence partners’ unclaimed fees and commission prior to 2008 following a recent investigation into an alleged fraud by an ex-PosSol adviser. In May, Money Marketing revealed that PosSol had launched an investigation into the possible fraud of one of its advisers. In an extranet bulletin posted last week, chief executive Jim […]
Sesame has confirmed that some redundancies are likely following the completion of its deal to acquire Bankhall and PMS.
Structured product provider NDF Administration is likely to be placed into administration this week, Money Marketing understands.
The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]
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Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]