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Bramdean chief Nicola Horlick may set up D2C platform

Bramdean Asset Management chief executive Nicola Horlick is considering launching a direct-to-consumer platform.

This week’s Money Marketing reveals the platform would be a separate business run by Horlick and Bramdean partner Andrew Green. Horlick says: “We are looking at a launch but, given the RDR, the future of platforms is uncertain so it is difficult to know if it is the right thing to do.”

The FSA’s platform policy statement, published in August, stated the regulator’s “desire” to ban cash rebates from product providers to investors and product provider payments to platforms.

The paper suggests the FSA will consider both advised and non-advised platforms as part of its possible ban.

F&TRC director Ian McKenna says: “Execution-only will be a growing section of the market.”


Kensington pulls deals after record August lending

Kensington has withdrawn its 85 per cent loan-to-value buy-to-let deals and its 90 per cent LTV residential mortgages. It says it has had a bumper August and is nearing the end of its current tranches. A spokesman says: “Kensington had a record-breaking month in August, lending more than in any other month since our return […]

Lloyds’ national accounts head quits

Lloyds Banking Group head of national accounts Maria Harris has left the company following a re-organisation. Peter Curran, previously head of intermediary distribution, will become director of strategic partnership and national accounts at Lloyds group, following a secondment at Lloyds TSB’s branch network. Curran will have a wide-ranging role with responsibility for national accounts and […]

Once in a lifetime

Prudential technical manager Les Cameron emphasises how not having protection from the lifetime allowance can severely hit pension wealth


Labour: MPs fear TSC will crack under heavy workload

MPs on the joint committee scrutinising the draft Financial Services Bill are concerned the Treasury select committee will not be able to cope with the workload involved in holding the new regulators to account. Under plans in the bill, the FSA will be replaced by the Prudential Regulation Authority, the Financial Conduct Authority and the […]


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