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 […]
The past 12 months have seen a swathe of new rules and guidance hit the advice space. Here, Money Marketing’s experts sift through the noise to provide their key takeaways. Crunch time for culture issues Vicky Pearce, director at B-Compliant As the year draws to a close, looking back over 2018 one of the key […]
I have just visited Japan and while there I could not help but think about the concept of zen. This is both something we are – our true nature expressing itself moment by moment – and something we do: a disciplined practice through which we can realise the joy of being. It strikes me that […]
The total value of pension transfers rose slightly from £8.2bn in the second quarter of the year to £8.6bn in the third quarter, the latest figures from the Office for National Statistics show. This is down from a high of £10.6bn in the first quarter, however, with experts predicting long-term decline as advisers exit the […]