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 […]
Schroders and Lloyds Banking Group have joined forces for a financial planning and wealth management proposition for wealthy clients. The new business aims to address the “growing gap in the advice market” through a personalised, advice-led proposition. The partnership will bolster Schroders’ expansion into the UK wealth management market, while Lloyds says it will help develop […]
The gap between what women earn and save compared to men continues to grow according to Office for National Statistics figures released today. Analysis for young people aged 16 to 29 shows the level and growth of median annual earnings were generally lower for women than men whether they were degree or school-educated or had […]