I cannot believe that anyone in the financial services sector would consider it good news that John McFall is to continue as chairman of the Treasury select committee.If his knowledge of financial services is evidenced by the question he asked at the recent Fabian Society meeting on the subject of the Politics of Pensions Reform, then the old adage that a little knowledge is dangerous is proven. Posing a question to Robert Wylie of Scottish Widows, it was abundantly clear that McFall has no understanding of invest- ment asset classes and even less understanding of the commercial world of financial services.
The Association of British Insurer’s consultation on clarity for protection application forms has received app-roval from independent adv-isers and providers. The draft guidelines from the ABI are intended to imp-rove clarity of wordings and warnings on insurance applications to enable better disclosure and reduce contes- ted claims. Some of the major chan- ges recommended to […]
City-based stockbroker Wills & Co is promoting the advance funds, a fund of enterprise investment schemes.
Mortgage Advice Bureau signs up Enfield-based estate agency chain Lanes to its branch network. The new sign-up adds five new branches to the network, to which MAB will provide an advisory service.MAB has also brought five consultants and two administrators to the chain. It now has about 250 outlets across the UK. MAB chief executive […]
The total deficit of UK companies’ final-salary pension plans stands at 100bn, according to analysis by Deloitte. This is an improvement from 130bn at the start of 2005, aided by the 10 per cent rise in the stockmarket since January 1. Deficits among FTSE 100 companies have decreased to 52bn from 65bn at the start […]
Johnson Fleming employees have raised more than £400 for their chosen charity of the year, CLIC Sargent, with a series of fundraising events.
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]