Bates Millfield has lost its berth on the BBC’s panel of preferred financial advisers.The corporate contract gave the BBC’s 18,000 staff access to Bates Millfield advisers. It is thought that the BBC dropped the firm due to recent concerns, including potential upheaval over the company’s integration into The Money Portal group. Bates Millfield says it is not concerned about losing the contract but admits it has to restore the faith of clients in the company. The Money Portal head of distribution Alan Easter says: “We are in the process of winning back the hearts and minds of our clients. We are now a company with a stronger balance sheet and fewer issues. The fact that TMP has clients along the lines of Nestle is evidence that it can handle big clients. We are not worried about this .” A BBC spokesman confirmed: “Independent financial advice is available to BBC staff on preferential terms from a panel of advisers. Millfield has been among a number of financial advisers on that panel in the past but is not currently.”
The Pensions Policy Institute has appointed Niki Cleal as its director, replacing Alison O’Connell from the end of July.
Friends Provident is to set up a wrap service in the next 12 months with Australian software firm Bravura supplying the platform. The firm, which has been sceptical of wrap, says it will launch a comprehensive service within a year, including onshore and offshore bonds, Sipps, Isas and cash accounts. Head of investment marketing Christine […]
The IMA represents the UK-based investment management industry. Our members include independent fund managers, the investment arms of retail and investment banks and life insurers and the mana- gers of occupational pension schemes. They are responsible for the management of approaching 3tn of funds (based in the UK, Europe and elsewhere), including authorised investment funds, […]
Nicola York finds out how and why the name Edeus was picked for a controversial new mortgage company that aims to make a big impact on the market
Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI). Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.
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