Liverpool Victoria is conducting a strategic review of its banking operations and will look at all options, including strategic partnerships, joint ventures or the sale of its bank.
All eyes and ears this week should have been on the Bank of England and its unsurprising decision to raise interest rates to five per cent, but events at Celtic Manor in Wales for Mortgage Intelligence’s 10th year anniversary celebrations took centre stage after an extraordinary row.
The Newcob consultation has met with a mixed response, with Aifa cautious about its implications and Which? calling for a cost-benefit analysis. Aifa deputy director general Fay Goddard supports the concept of a principle-based regime which will provide advisers with greater flexibility. But she says Aifa is concerned about the vacuum created by the move […]
Non-contestability period could see insurers becoming more selective on who can take out protection policies
The theme of ‘creative destruction’, or the impact of new technology, gathered pace in 2015. But which companies make an attractive investment? Stephen Moore, manager of the Artemis US Extended Alpha Fund, reviews. Click here to read the full article
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Advisers will not be able to give ‘basic advice’ on stakeholder products that fall under Mifid II and the Insurance Distribution Directive, the FCA has confirmed. Basic advice rules, which date back to 2005 and allow the provision of simpler and lower-cost advice to consumers on a range of stakeholder products using pre-scripted questions, previously […]
The director general of the Association of British Insurers has told MPs that a post-Brexit deal is taking too long to form. Giving evidence to parliament’s committee on exiting the EU yesterday, Huw Evans said that “the thinking about what a future relationship would look like with our European partners is not where it needs to be” […]
Adviser attitudes towards alternative investments have changed considerably in recent years, but the market remains divided on how they should be used. What was once seen as a niche market has now become far more prevalent and investors are increasingly looking towards alternative investments as a way of diversifying their portfolios and generating returns in […]