IFA Berry Birch & Noble has appointed Colin Cameron as a director. He joins from Aon Consulting where he spent 13 years as a senior consultant and board director.
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SOBS says Halifax takeover means 'slash and burn' redundancies
Save Our Building Societies is calling for job-protection guarantees for Birmingham Midshires' employees ahead of the society's proposed £750m merger with Halifax.The pressure group is urging Birmingham Midshires members to push for a 10-year safeguard for jobs and branches. Halifax says it "intends to avoid compulsory redundancies".Sobs coordinator Bob Goodall says: "The Halifax will slash […]
NPI meet PIA requirements on pension fund withdrawals
NPI says it is one of only four major IFA providers to have already complied with PIA guidelines on pension fund withdrawals.It says its drawdown illustration system has been amended to show both critical yield type A and type B on a client specific basis as stated in the PIA guidance notes.Drawdown Product Manager Jim […]
PIA suspends Manchester-based Barclay Scott & Co
The PIA has issued an Intervention Notice against Barclay Scott & Co which will prohibit it from soliciting or conducting regulated investment business.The regulator says the firm may not be complying with its financial resources requirements and may not be able to meet the liabilities as they fall due.It says the firm has also failed […]
Portman withdraws oversubscribed bond from sale
Portman Building Society is withdrawing its one-year fixed-interest bond because it has been inundated with inquiries.The bond was launched three weeks ago with an interest rate of 6.5 per cent gross per year.Portman spokesman Mike Dobson says: "Demand has been extremely heavy and this pressure has forced us to replace the product."It is being replaced […]
Understanding the new State Pension
The Department for Work and Pensions (DWP) has unveiled a new communications campaign to raise awareness of the new State Pension that will be launched next year.
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Number of underperforming funds hits record high as Invesco takes top spot
Invesco Perpetual leads the latest edition of the infamous Spot the Dog report, which identifies underperforming equity funds, as the number of dogs hits a record high. In its bi-annual Spot the Dog report, Bestinvest names and shames funds that have underperformed their benchmarks for three consecutive years and by more than five per cent over […]
FCA: Most firms satisfied with regulator’s performance
Most firms regulated by the FCA are satisfied with its performance and believe it is an efficient regulator, the watchdog has said. The survey conducted by the FCA and its Practitioner Panel – one of its advisory bodies – sought feedback on the regulator’s performance from the firms it oversees. The results showed that both satisfaction and […]
Bill McQuaker: Finding pockets of value late in the cycle
Investing at this stage of the market cycle is a tough balancing act. While over-exposure to risky assets leaves a portfolio vulnerable when a correction really bites, taking too much risk off the table too soon can mean missing out on the remaining opportunities which may still present themselves over the coming months. With so […]
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