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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Virgin Money completes sale to CYBG
CYBG has completed its takeover of Virgin Money bank in a deal worth £1.7bn today. The parent company of Yorkshire Bank and Clydesdale Bank says the deal will lead to the UK’s “first true national banking competitor to the status quo.” The combined company has over six million customers with around £70bn of customer loans, […]
Protection Watch: Mental health moves and future-fit income plans
Protection Review chief executive Kevin Carr looks at recent market events Moving forward on mental health Some say perception is reality and, in a world driven by social media and sensitivity, the way people see things is their truth, regardless of whether their conclusions are accurate or feasible. This is not a bad way to […]
FCA sounds climate change warning on pensions
The FCA is proposing new measures to force financial services firms to disclosure how they disclose climate change risk as it zones on in the investments pension funds make. The regulator has released a discussion paper today looking atthe effects that climate change and switching to a low carbon economy will have on the UK’s […]
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