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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Bankers and celebrities sue film tax scheme Ingenious
A group of 500 people have launched legal action against Ingenious Media saying they were misled about film investments that were later deemed to be tax avoidance by the government. According to Bloomberg, which cites court documents, employees from companies including Goldman Sachs, Lloyds Banking Group and HSBC are part of the action. British composer Andrew Lloyd-Webber is […]
Hornbuckle owner returns to profit as Sipp clients increase
Embark Services returned to profit in 2017 as it reported an increase in self-invested personal pension clients. Embark Services is a subsidiary of Embark Group that trades under the Hornbuckle and Embark brands. The business reported pre-tax profit for the year ending 31 December 2017 of £136,000 compared with a loss in 2016 of £2.4m. […]
Architas UK net inflows drop 70%
Architas UK has seen inflows drop by just over 70 per cent in the first half of the year. The Axa-owned asset manager reported £152m net inflows for the first six months of 2018, compared with £546m in the first half of 2017. Globally, Architas’s net inflows dropped to €797m (£710.6m) in the first half […]
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