Resolution Asset Management has recruited Grant Shotter and Wilfred Willwong from Barings to be partners in its new emerging markets boutique, Hexam.
Mystery surrounds the identity of four mortgage networks that have voluntarily agreed not to recruit further appointed representatives following an FSA investigation.
Nicola York assesses the protection industry’s appetite for severity-based payouts on critical-illness products and asks whether this new model, introduced in the UK by Virgin and Prudential, will become as popular as in South Africa
The FSA’s latest damning report on the advice sector will increase calls to scrap commission and could even force the industry to revisit CP121, says Personal Finance Society public affairs director John Ellis. Last week, the FSA published the results of its quality of advice mystery-shopping exercise designed to establish how well firms are embedding […]
After enacting the Civil Partnership Act last year, the Government could draw up a legal framework for common-law partners who see their relationship break down. Jeremy Abraham, who heads the family and private client department at law firm Russell Jones & Walker, examines proposals put forward in a Law Commission report
By Fiona Tait, Pension Specialist Royal London firmly believes in the value delivered to clients by financial advisers, not just for one-off events but on an ongoing basis. This is a position we continue to hold in our consultation responses and external communications while always questioning whether there are ways in which we can help […]
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]