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.
As we hurtle towards the new year, it is worth remembering much of the so-called client-centricity discussed is, in fact, little more than process that will not determine whether you win, lose or draw. Sure, a process needs to be reliable, cost-efficient and to point the right service at the right people. But it is […]
The Association of Member Nominated Trustees and the UK Sustainable Investment Association have urged pension funds to keep an eye on whether their investment consultants’ sustainable investment advice lives up to the minimum service requirements under regulation. The AMNT and UKSIF says consultants should meet minimum requirements as soon as possible so as not to […]