Insurance

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Standard Life Aberdeen continues share buyback

Standard Life Aberdeen has continued to buy back shares from investors following the sale of its life arm to Phoenix last year. A stock exchange announcement this morning shows it purchased 962,182 ordinary shares yesterday (11 February) at an average 247p. This follows daily transactions since the announcement last summer for a £175m first tranche of […]

Profile: ‘It has been rejuvenating bringing my son into the business’

Panoramic Wealth managing director on why a fusion of youth and experience is the best recipe for his advice firm Bridging the generation gap is the stuff of television sitcoms. There is the middle-aged parent convinced they are “down with the kids” but making a real hash of street slang and feigning knowledge of the latest trends. […]

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What’s stopping advisers selling protection?

Leading financial planners have given a host of tips for advisers looking to bridge the protection gap with clients. In the latest episode of the Money Marketing podcast, this week in association with Royal London, Addidi Wealth financial planner Anna Sofat, Richmond House director Ian Jenkins and Royal London business development manager Vincent O’Connor sounded […]

Vitality launches new funds for cautious investors amid market uncertainty

VitalityInvest has launched two new funds for risk-averse investors in the midst of market uncertainty. VitalityInvest Protector Growth Fund and VitalityInvest Protector 3-4-5-6 Defensive Fund will be managed by Investec Bank. Vitality first introduced its in-house funds last June, when it partnered up with Investec Asset Management to offer range of active risk-managed funds. At […]

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FCA: PI must make sure ‘polluter pays’ for FSCS bills

Letting compensation costs fall onto the Financial Services Compensation Scheme rather than firms’ personal indemnity insurance goes against the principle that the “polluters pays” for their failure, the FCA has said. In board minutes from its November meeting released today, the watchdog criticises PII providers for previously seeking to limit their liabilities when firms fail, […]

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SJP snaps up Reigate protection advice firm

St James’s Place has acquired the Reigate protection advice firm Future Proof. Future Proof, now part of SJP Group, provides specialist advice on income protection insurance, critical illness and live insurance in both personal and business markets and has arranged over £800 million worth of cover for clients since 2011 when it was established. SJP […]

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Royal London chief Loney to step down

Royal London chief executive Phil Loney is stepping down at the end of 2019 and the new chairman, Kevin Parry, will lead the search for his successor. Parry’s appointment and Loney’s departure were both announced this morning. Parry, will leave his current non-executive director position at Standard Life Aberdeen at the end of December and […]

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CISI in drive to promote Islamic finance qualification

Two professional bodies have joined forces to co-brand and promote an Islamic finance qualification. The Chartered Institute for Securities & Investment’s Islamic Finance Qualification was launched in 2007 and has now got backing from the Association of Chartered Certified Accountants. CISI and ACCA signed a memorandum of agreement regarding their collaboration on the Level 3 […]