Australian technology firm Bravura has bought fund management administration firm Rufus from the Bank of New York for a fee that could rise to £32m.
London Life has come under fire after underestimating the transfer value on a client’s pension fund by £70,000. Intelligent Pensions tech-nical director David Trenner received the first transfer value of £126,544.37 on January 14. Trenner queried the figure and got a letter on June 12 restating the figure at £195,049.56 – a 36 per cent […]
Industry veteran Patrick Cooper’s new venture Harrington Cooper has been signed up to distribute City Financial’s multi-manager funds though IFAs. Cooper, formerly head of retail at JO Hambro Investment Management and Axa, will act as an introductory appointed representative of City Financial. The company’s diversified absolute return fund, managed by North’s John Husselbee, will shortly […]
Independent financial advice cannot be completely exclu-ded from Personal Accounts and there must be a facility for individuals to access such advice if they feel they need it. That was the message at the summit from Aifa deputy director general Fay Goddard, who acknowledged many people entering the scheme would not need or want advice. […]
Local authorities should start providing equity-release mortgages to give the market much-needed impetus, says the influential Joseph Rowntree Foundation. A study by the foundation says a drastic solution is required to resolve the problem of consumers having little faith in the market without more high-street brands being involved, while many brands will not enter until […]
Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]
- Top trends
- Top trends
- Revealed: Fidelity International director investigated over harassment claims
- Lifetime allowance 2018/19 increase confirmed but pensions absent
- How much are advisers charging for pension transfers?
- Steve Bee: Why still no justice for Waspi women?
- Robert Reid: Don’t let social media comments diminish our profession
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
FCA chief executive Andrew Bailey is calling for regulators to back a proposed implementation period after Brexit to avoid an economic “cliff edge”. Speaking at The International Financial Services Forum today, Bailey continued pushing for cooperation between the British and European regulators, this time pointing to preserving financial stability. He says: “Brexit has global implications, […]
Prudential must compensate a customer whose transfer value was significantly reduced after a meeting with an in-house adviser. According to a Financial Ombudsman Service decision, the customer, called Mr L, was told on 2 March 2017 that the transfer value for his pension policy was £141,981. He met with a Prudential adviser, who recommended he […]
Choosing the right system is one of the most important decisions an advice firm will make. Here is a review of the best out there. Last month I looked at the four foundations of a solid adviser technology strategy. The first of these was the practice management system. Studies have found that between 20 and […]