Zurich UK Life is in talks with staff about cutting 120 jobs from its sales and marketing division and closing five branches. Staff at the insurer were notified about the proposed job cuts yesterday and are now in a 30-day consultation period. The prospective job losses account for 8 per cent of the total Zurich […]
Precise Mortgages has launched 50 products designed for borrowers who are finding it difficult to get mortgages from high street lenders. The near prime, as the lender calls it, range include two year trackers, capped and fixed rate loans starting from 4.79 per cent. Products are only available on a capital and interest payment basis […]
Pensions minister Steve Webb has warned pension providers the Government will “take action” if the use of short service refund rules threatens the success of the automatic enrolment reforms. The Department for Work and Pensions has issued a call for evidence to review the regulatory differences between trust-based occupational pension schemes and contract-based workplace personal […]
Mark Martin, Manager of the Neptune UK Mid Cap fund Brexit news has caused a wave of turbulence across financial markets, with both UK equities and sterling plummeting in the immediate aftermath. UK mid-caps have borne the brunt of the selling so far, with housebuilders and banks being two of the worst performing sub-sectors. However, for […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]