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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The Financial Services Compensation Scheme estimates it will pay out £6m over collapsed discretionary fund manager Strand Capital. An administrator’s report published earlier in January shed light on a host of failings that led to the collapse of the firm, which was put into special administration back in May last year. London-based Strand, which had around […]
Regulatory change can leave firms struggling to keep pace and maintain effective compliance. To ensure a successful and sustainable response to regulatory change, firms should consider the following areas. Culture Culture is the foundation of any business and if a firm’s culture is not sufficiently client-focused it will be unable to consistently deliver the right […]