Simon Clark has joined Gartmore as head of asset manager sales. Clark joins from Hendersons and will be responsible for building on existing relationships with key London discretionary accounts and run the asset manager sales team.
The Financial Services Authority will punish several mortgage firms after research showed that only one third of the firms it sampled had robust processes in place to provide customers with suitable advice.The FSA reviewed 252 firms of differing sizes through mystery shopping, visits and questionnaires between June and October last year to establish a baseline […]
Retail financial services can finally shake off the bad image of the past.
Outgoing Pink Home Loans managing director Tony Jones has been credited with helping transform service and grow the network and club in his four-year spell in charge.Jones plans to work closer to his home in Gloucestershire but his resignation has been brought forward by a recurring bout of illness. He has been off sick since […]
The FSA’s retail distribution review committee on professionalism and reputation meets for the first time this week to thrash out fundamental questions on the future of the advice sector.The eight-person committee is chaired by Thinc Group corporate and strategy director Roderic Rennison and includes Chartered Insurance Institute director-general Sandy Scott and Institute of Financial Planning […]
This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]