Regulation of claim management companies will start on April 23. It will become an offence to provide claim management services without authorisation or exemption.
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Hay divides IFA operations
James Hay has restructured its IFA broker operations, with Shaun Sandiford and Damien Conway taking over the South and North respectively in a move that sees the former role of Stefano del Federico, who resigned this month, split into two.
Aegon Asset Management in bid to boost rebranded image
Aegon Asset Management is revamping its image to boost brand awareness as a follow up to the wider rebranding of the Aegon group last August.The rebranding and advertising campaign launched by the Aegon group last year aimed to give more prominence to Scottish Equitable’s parent company Aegon as many consumers appeared unaware that the two […]
Standard is slammed for contacting adviser clients
Standard Life has come under fire from advisers who feel they are being undermined because the firm is sending their clients information on with-profits directly.But Standard is defending its position, saying it told advisers last December that it would be sending a letter of declaration and two new brochures to clients about the benefits of […]
FSA turns to sub-prime and lifetime mortgages
The FSA will focus on sub-prime and lifetime loans in the second stage of its mortgage effectiveness review.The regulator says it is concentrating on specialised areas where the risk of consumer detriment may be high.It will also look at whether consumers are taking out suitable, good value mortgages and are treated fairly over the life […]
China: growth defence or another debt-fuelled boom?
By Douglas Turnbull, Head of Chinese Equities at Neptune Following recent stimulus efforts from Beijing, Neptune’s Douglas Turnbull examines how the government’s long-term reform agenda can be balanced with supporting growth and addressing structural challenges, and the investment opportunities arising from this.Click here to read more Important information: Investment Risks Neptune funds may have a […]
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Savers rush to top-up pensions amid Budget tinkering fears
Savers are rushing to top-up their pensions amid fears chancellor Philip Hammond will deliver a further cut to the annual allowance in this month’s Budget, Zurich says. Cash flowing into pensions on Zurich’s investment platform soared 98 per cent in September compared to the annual average, the firm has found. The value of one-off pension […]
Financial education creates five-fold return on investment, study finds
Every pound spent on financial education initiates can create more than £5 in social value, a new study finds. Research firm ERS examined the impact of “survival” money management workshops delivered to more than a thousand 16-25-year olds who were either not in work, full-time education or training, or had care responsibilities. They found that […]
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Tom Selby: New DB transfer rules under the microscope
Despite pressure to come down on the market like a ton of bricks, the FCA has taken a measured approach to improving standards Another week, another barrage of headlines about an FCA intervention on defined benefit pension transfers. The regulator’s latest missive focuses squarely on the standards and processes advisers employ when carrying out pension […]