You may recall that a few months back – when I did a bit of mystery shopping of my own – I raised awareness of the ethics of some endowment claims firms offering no win, no fee services. This was defended by other such firms maintaining that all claims firms should not be tarred with the same brush.
Infinity Mortgages enhances its range to include a number of discounts to its specialist lending products.Changes include one-year discounts from 4.85 per cent, two-year fixed and three-year stepped discounts with no overhanging redemption penalties, three-year stepped discounts from 5.1 per cent and two-year fixed rates from 6.45 per cent. Their service has been improved by […]
Portman Building Society announces its 2004 annual results today, showing an overall improvement on 2003.Portmans key achievements include growth in total assets up 10 per cent to 15.5bn, increase in pre-tax profit by16 per cent to 78.1m and record new mortgage lending up 24 per cent up on 2003 to 3.6 bn. The society has […]
Residential property in Sipps after A-Day faces legal and admin problems that will make it an expensive asset class to run, warn pension experts.
Pension specialist Fiona Tait takes a look at the Financial Advice Market Review and assesses the three areas where it suggests improvements can be made With significant budget changes ruled out (for a while anyway), the pension community briefly turned its attention to the FCA’s final report on its Financial Advice Market Review (FAMR), hoping […]
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The value protection brings in terms of peace of mind far outweighs the cost. But it does not always outweigh inertia. For instance, relevant life policies (when you qualify for them, say, as a shareholding director of an SME) deliver that peace of mind at a tax-reduced cost with tax-free benefits. Tick. As an employer […]
The Insolvency Service has banned three payday loan directors for using pension liberation money to pay off the company’s debt. Speed-e-Loans.com directors Philip Miller, Robert Alan Davies, and Daniel Jonathan Miller have been banned for nine, six and five years respectively. Their misconduct caused the loss of over £1.2m investors’ money. In July 2012, the firm’s […]
Asset managers could see the cost of analyst research averaging $10m for every $10bn of equity assets under management when the new Mifid II rules take effect in January. Under the new regulation, asset managers will be required to separate the cost of research from portfolio transaction costs. According to a survey by the CFA […]