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‘Consolidation of IFA firms bad for RIs’

MoneyMarketing.co.uk poll results: Is the growing trend for mass consolidation of IFA firms bad for RIs? Yes, 61 per cent, no, 39 per cent.

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FSA issues warning over market abuse

The FSA this morning issued a warning it will be investigating trading in UK financial shares in recent days. This comes on the back of rumours that HBOS had applied for emergency funding from the Bank of England which saw its shares plunge by 20 per cent.It says there have been a series of unfounded […]

Strauss to head Lifetime wrap

Norwich Union has appointed the former boss of John Scott & Partners and John Charcol. Toby Strauss. to head its Lifetime wrap.Strauss, who begins immediately, will report directly to NU chief executive Mark Hodges with the title Lifetime managing director.Strauss co-founded and has been working for IT support company OrderWork since May 2006 and has […]

Advisers confident over re-mortgage and protection, says L&G

Legal & General is launching a quarterly adviser confidence index that will track expectations among advisers of mortgage and protection sales and interest rate movements. The first index shows adviser optimism, with 60 per cent expecting business will pick up over the next quarter, and 58 per cent think they will be writing more protection […]

Proposals will harm rather than boost DB schemes, says OPT

Occupational Pensions Trusts is warning that proposals from The Pensions Regulator and Accounting Standards Board could threaten the future of defined benefit schemes. OPT, an alternative to pension fund buyouts, says despite their attempts at bolstering the schemes, the proposals might undermine DB schemes and increase the number of closures more rapidly.It says both organisations […]

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