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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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]