When Martin Wheatley arrived at the FSA from Hong Kong, one of the first areas he addressed was the impact that incentives might have on driving misselling. He asked banks to reconsider the pressure to sell that traumatised every visit to a branch to undertake basic transactions. In guidance first trailed in September 2012 and […]
True Potential has appointed Laurie Edmans as a non-executive director. Edmans is currently a non-executive director of the Money Advice Service and a trustee of Nest. He is set to stand down from his role at Nest at the end of this month when his term of office comes to an end. Previously Edmans was […]
Yorkshire Bank has set up a scheme to support 700 investors who lost money in failed property investment vehicle Arck LLP. In an announcement published today, the FCA says Yorkshire Bank – which provided banking facilities to Arck investors – has agreed to establish a support scheme to return money to investors. The FCA says […]
One of the key attractions of Sipps is their ability to hold weird and wonderful investments. Clients who want their Sipps to be the pension equivalent of a tropical fishtank can fill their boots with non-standard investments such as a zoo, airport or football club. Nothing is expressly prohibited in the rules. Since HMRC tore […]
A quarter (23 per cent)* of the UK’s small to medium-sized enterprises (SMEs) do not have an absence management system in place, according to new research from Jelf Employee Benefits. Despite 69 per cent* of organisations having a system in place, three-quarters (75 per cent) report that it is not providing them with sufficiently empowering absence or health data to inform an effective wellbeing programme.
Platforms should brace themselves for a difficult second half of the year as sluggish Isa sales led to a soft second quarter, consultancy Fundscape says. Fundscape’s latest platform market figures show total platform assets – including the advised and direct-to-consumer sectors – grew by £32bn to £604bn in the second quarter of the year. However, […]
Advisers giving defined benefit pension transfer advice can expect to pay nearly double for their professional indemnity insurance premiums at the next renewal than those who do not advise in that area. QPI, which is part of insurance broker PIB Group, says advisers with DB exposure can expect to pay between 2 per cent and 3 […]
Back in April, I wrote a piece explaining why investors shouldn’t give up on bonds just yet. Given the heightened volatility in equity markets this year, I thought it might be a good idea to take a closer look at this asset class, too. The VIX index, which predicts market volatility and is known as […]