Kensington Group shareholders have voted in favour of the offer made by South-African firm Investec at its EGM today.The meeting saw 178 (97.27 per cent) of scheme shareholders vote in favour of the deal, with just 5 (2.73 per cent) against.This comes despite rumblings last month that several major shareholders, including former chairman Martin Feingold […]
Aviva’s new chief executive Andrew Moss looks set to ring in the changes, with both the Norwich Union and Morley brands under review.Moss is keen for Aviva to become the eminent brand, as first revealed by Money Marketing in April.However, advisers have backed the NU brand, saying it carries more weight in the market.
Skandia paid 89 per cent of critical illness claims in the year to June 2007, up one percent from the previous year.Two per cent were declined due to non-disclosure and 9 per cent were declined because the claim had not met the definition.Cancer remained the most commonly claimed for condition, accounting for 51 per cent […]
Online mortgage company mform.co.uk has added Barclays’ Woolwich mortgage brands to its range of products. Customers of mform.co.uk can compare the whole of market before going directly to the Woolwich customer service teams by telephone to complete their mortgage application.Since launch mform.co.uk has offered consumers a full mortgage search facility to compare mortgages from all […]
RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]
The Organisation for Economic Co-operation and Development claims behavioural biases and low levels of financial knowledge are undermining people’s ability to make appropriate decisions for their retirement. The OECD’s Pensions Outlook 2018 says automatic features, default options and simple information and choice could combat the lack of financial literacy. The OECD’s view is that automatic enrolment […]
Aviva should pay £500 compensation for the way it handled an investment query that caused stress to a daughter who took power of attorney for her mother. In the Financial Ombudsman Service ruling, Miss S has power of attorney for her mother and complains Aviva delayed providing information about a bond. She goes onto argue […]
Advice is becoming a more risky business, meaning firms must rethink their approach to the issues they face Given the Financial Ombudsman Service’s compensation limit is set to rise to £350,000, it is time for advice firms to rethink their approach to the risks they now face. The FCA’s plan is for the new limit […]