The Bank of England’s monetary policy committee voted last week to maintain the base rate at 5.75 per cent. This week, the Bank publishes its inflation report which will influence the direction of any rate move at its next meeting.
Friends Provident says it goes beyond ombudsman guidelines on paying out on critical-illness insurance claims where there has been non-disclosure.It says it now pays a proportion of the claim even when a client may have been reckless in their non-disclosure.The company said last month it would pay a proportion of all unrelated non-disclosure claims but […]
Artemis Investment Management has confirmed that Lady Gabriella Windsor and Will Greenwood MBE will participate in Skandia Cowes Week’s Artemis Challenge on Tuesday. The inaugural charity race has attracted a blend of royalty and rugby for the 50-mile sprint around the Isle of Wight in a fleet of Open 60s, the Formula One yachts of […]
The nonsense being spouted by Tim Eadon cannot go unchallenged. The PFS needs to adopt an honest, descriptive title for chartered members before it can begin to be taken seriously and gain respect. The title chartered financial planner is a misnomer for many holding it. There is nothing in the syllabus which calls upon an […]
When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what they were. For advisers thinking […]
The FCA has today proposed changes that would help unlock patient capital – investment seeking long-term returns, such as venture capital or infrastructure – through unit-linked funds to retail investors. The regulator has also published a discussion paper on the effect of the existing UK framework on investments in patient capital. As part of this year’s budget, chancellor […]
Three advisers talk to Money Marketing about taking time out to help the community Christmas is traditionally a time for giving, so as our thoughts turn to the festive period, how are advice firms giving back to the community or the profession? The great outdoors As a seasoned mountain walker and scout leader, much of […]
Figures show advisers are not taking on enough clients, but this can be fixed with a closer look at efficiency Back in the day, advisers would often have hundreds, if not thousands, of clients who would receive advice as and when they needed it. But changes in regulation from the RDR and, more recently, Mifid […]