The PIA is demanding large IFAs that pose the greatest potential risk of Year 2000 failure provide details of their arrangements.These firms have been asked to complete a Year 2000 Completion Statement which has to be signed by a firm's senior executive officer, to confirm sufficient action has been taken to ensure business continues as […]
NatWest has hit out at the Bank of Scotland claiming it is avoiding key questions over the Edinburgh-based bank's £22bn hostile takeover bid.The beleaguered bank also says BoS's proposals do not stand up to examination and are characterised by rhetoric rather than detail.
Sales of life insurance, pensions and investment totaled £9.5bn in the third quarter of 1999, an increase of 20 per cent on 1998.Overall the value of life insurance policies sold rose 31 per cent to £6.5bn, while pension sales fell by 8 per cent to £1.3bn.Sales of Isas and Oeics were also up 8 per […]
Standard Life Bank is updating its existing IT systems for mortgages and savings in a move to penetrate new markets.The bank has signed a contract for £1,000,000 with Lynx Financial Systems, and intends to add to its portfolio of telephone banking products.
Since 2007, the sharp drop in interest rates has lifted the valuations of all assets, with the longest duration assets gaining the most. The UK’s decision to leave the European Union has caused another flight to “safety”, with a series of record lows in bond yields and record highs in bond prices. With the German […]
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Aviva has triggered a five day platform blackout as it moves to new technology. The platform will be unavailable from 6pm on Wednesday 17 January through to Monday 22 January while the provider manages its transition onto an updated system run by technology provider FNZ. The downtime will affect Aviva’s investment platform only, but other adviser […]
JLM Mortgage Services has launched the first stage of its new ‘robo advice’ service. The mortgage and protection network claims it is the first network to launch such a tool to its members. The Virtual Adviser will allow member brokers to offer an online service to residential and buy-to-let customers. This service will offer an […]
Providers should listen closer to advisers and consumers when deciding what initiatives will work