The formation of Friends Financial is still in huge doubt with Pearl Assurance owner Hugh Osmond believed to be calling on Deutsche Bank and Morgan Stanley as potential financiers in a takeover of Resolution Life plc.
Can we suggest an adaptation of buyer beware – adviser beware. The FSA’s planned reforms might be curtains for half of advisers or there may be change which simply increases standards and improves disclosure at a rate which the industry can cope with.
Money Marketing asks the managers of dog funds to justify their underperformance and explain to investment advisers what they are doing to turn them roundThe number of “dog funds” has almost doubled in the last 18 months, according to Bestinvest.There are now 72 funds in the kennel compared with 38 in January 2006, according to […]
The July floods have so far resulted in 12,000 claims for flood-damaged homes and 3,500 claims for businesses, according to ABI figures.Insurers are currently handling more than 50,000 claims for houses and businesses damaged by the floods in both June and July.The ABI warns that despite insurers’ best efforts, the recovery will inevitably take some […]
By Felix Wintle, Investment Director & Head of US Equities The most recent communication from Federal Reserve chair Janet Yellen has put the market’s sights on September as the most likely month for the first rate rise. This is due to the stronger than expected economic data of late, particularly in employment and housing, which […]
Almary Green, the advice firm led by industry veteran Carl Lamb, is in sale talks with Smith and Pinching Financial Services, Money Marketing understands. One source tells Money Marketing Almary Green staff have visited the Smith and Pinching offices, and that there have been discussions around a merged firm being floated on AIM. The Norwich-based […]
A weekly account of the curious goings-on in the world of financial services Locked out While WSJ correspondents were kept very busy at Money Marketing Interactive in Harrogate last week, there was still plenty of time spent in the bar with industry friends. So came about the story of Aegon director of new business, Martin […]
The FCA is analysing information from 40 firms about their adviser recruitment processes and what quality checks are in place on the advice they give. Earlier this year, Money Marketing revealed that the FCA sent letters to a sample of firms asking about training, competence and hiring records for staff. A Freedom of Information Act request […]