Park Row, A Royal Liver Company, the newly combined sales force effected last month has appointed Peter Sprung as its new chief executive.Sprung was promoted from head of Park Row Corporate and Private Clients and will also join Royal Liver’s executive team.Outgoing Park Row chief executive and founder Tim Newman, will stand down, remaining at […]
Only 3 per cent of consumers are buying critical-illness policies off the shelf but providers are still concerned that direct sales are a growing threat. Skandia says although the 3 per cent reflects intermediaries’ domination as the distribution channel for protection products, the direct market share could rise to a quarter as high-street banks and […]
Christmas on the high street appears to have set some interesting trends and I wondered whether there are lessons which we can pick up from the mortgage market. Last year saw disappointing volumes on the high street and in the mortgage market so the parallels may well start there. Three or four trends were noticeable on the high street over Christmas and I will pick these up individually and see what they may mean for our market.
The Money Marketing campaign regarding supermarkets selling life insurance direct makes some good points regarding the need for advice and the danger of misbuying. However, this is a somewhat narrow and dangerous view: First, it presupposes that the consumer knows little or nothing about what they are doing and therefore will buy the wrong product […]
In this short video, Peter Rutter, head of global equities at Royal London Asset Management, explains how he uses the company life cycle framework as part of his investment approach. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]
VitalityInvest has unveiled the next stop in its proposition, allowing accessibility to discounted fees to its customers. From 22 July, all new clients to VitalityInvest will be given automatic access to its Healthy Living Programme, regardless of any qualifying criteria such as being a customer of Vitality health and life insurance policies. New customers could […]
The FCA is investing £5m in its register of regulated firms, chief executive Andrew Bailey has said. Speaking at the watchdog’s annual public meeting this morning, Bailey said that he recognised “there are data quality issues” in the list, but the FCA was aware how important in can be to give consumers information. Bailey said […]
FCA chief Andrew Bailey has accused some firms involved with Woodford’s suspension of not following the “spirit” of the regulators rules. Speaking at the FCA’s annual public meeting this morning, Bailey said culture and accountability was becoming increasingly important to the regulator over box-ticking exercises and a overly-tight interpretation of the rules. Bailey said: “Any […]