Do you agree with Suffolk Life director of sales and marketing John Moret that commission on pension transfer business should be scrapped and that all pension transfer business should be fee-based? Chand Patel, BIMAStuart Stojkovic, Sillars McCleod Andrew Seaman, F L Seaman & Co Martin Lumsden, AM & A Financial Consultants John Cope, David Cope and Partners Neville Pereira, Lubbock Fine Financial Solutions Carl Estevar, sole trader Tony Hall, Barrat Gray Limited Money Marketing welcomes readers’ letters for publication. Letters should be sent to: The Editor, Money Marketing, 50 Poland Street, London, W1F 7AX.
Former Bankhall joint chief executive Paul Hogarth is gearing up for a return to the industry. Hogarth’s restrictive covenant ends this week and he is looking at launching a venture in the new year. This is likely to focus on wraps or providing exit strategies for retiring advisers – the two areas that interest him […]
The future is bright for the life insurance sector if it sorts out its business model, says analyst Ned Cazalet. Speaking at a Cazalet Consulting conference on asset allocation last week, Cazalet said life offices should focus on true profitability rather than new business and put the “investment horse before the product cart”. He highlighted […]
Alliance & Leicester is amending its current range of specialist mortgages from tomorrow.Its new range will include a two-year fixed rate buy-to-let at 5.29 per cent and a base-rate tracker at 0.15 per cent above base.There is also a self-cert, two-year fix at 5.25 per cent and a two-year near-prime fix at 5.90 per cent.A&L […]
Global Special Situations Fund
So are the new Pension Freedoms being used? The answer to this appears to be a very clear ‘yes’. Figures from the Financial Conduct Authority (FCA) this week provides firm evidence of such usage.
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]