Investment advisers are to pay £108m to the FSCS levy in the coming year, with the total industry levy rising to £363m. Life and pensions intermediaries will pay £80m in the 2016/17 financial year. The FSCS says the hike for life and pension intermediaries is due to the increasing number of claims for people wrongfully […]
Controversial new lender selfcert.co.uk claims over 4,000 borrowers have registered an interest in the two days since it launched. The start-up, which launched on Monday, is backed by private equity investors and is based in the Czech Republic. It is reportedly offering a tracker loan set at 2 per cent above base rate and will […]
Former Threesixty partner David Ingram has joined rival adviser support firm SimplyBiz subsidiary Sifa as managing director. Ingram was an equity partner in Threesixty alongside David Brattesani and Ross McArthur after breaking away from Bankhall, but left in 2011. He replaces Stuart Bushell at Sifa, who retired at the end of 2015. Sifa, a trade […]
The Chinese stockmarket crisis is not scaring Jupiter’s Alastair Gunn, who is focusing all his energy on the UK domestic market as he believes growth is set to continue in 2016. Diversification in domestically-focused UK equities, including consumer and industrial names, is the driver behind his £510m Jupiter High Income fund, which he co-manages with […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]