The AITC has elected Hamish Buchan as chairman to succeed Alex Hammond-Chambers in December. Buchan was an investment trust analyst with Wood Mackenzie and its successor companies between 1969 and 1999.
Putting customers’ interests at the heart of their business structures should be a basic requirement for all firms, said the FSA in a press release earlier this month. A firm must pay due regard to the interests of its customers and treat them fairly.
Sesame announces its multi-tie panel of five providers today as Axa, Prudential, Norwich Union, Standard Life and Legal & General.FSA authorisation is still being sought, with contracts being signed late last night. The network of 8,150 members unveils Sesame Select saying it will appeal to a new generation of consumers seeking simpler advice from IFAs. […]
Aaron Clarke Group managing director Ian Hopwood says redundancy can make people feel vulnerable and scared so it is vital that firms prepare themselves properly in the event that they may have to let some of their employees goRedundancies are sadly becoming more commonplace and are a natural part of the churn of everyday business. […]
Pru UK chief executive Mark Wood revealed his ruthless streak that earned him his “chopper” nickname at an industry dinner last week. Wood took offence to diary using an Axa pen to record his musings and smashed it to smithereens before re-placing it with a Pru biro.
By Neil Jones Technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The treatment of non-UK domiciles that are resident in […]
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A former IFA who pocketed clients’ Sipp money has been given a six-year jail sentence. Darren Say, who ran advice firm Wealth Connection, was found guilty of fraud by abuse of position and of fraudulent trading after creating a pension scheme that loaned money to clients’ Sipps before investing funds in a property company where […]
Consumer champion Martin Lewis has published a passionate warning about scam advertisements using his identity to endorse investment and insurance schemes. Lewis, founder of Money Saving Expert, has posted a video denouncing a cloud-based trading scheme that claims he invested £500,000 in it. He says in the video: “It is a con, it is a […]
The FCA cancelled the authorisations of more than 200 firms last year for failing to meet “basic regulatory requirements” like paying their fees or filling out regulatory returns. The regulator revealed the figure in an update today, that its Threshold Conditions Team took enforcement action against at least 207 firms for failing such compliance failings […]