A clash of civilisations took place in Manchester last week, with the Building Societies’ Association parking its annual conference next door to the Mortgage Expo.Although the gatherings were within spitting distance, the short skip between events transported you across different worlds. Delegates entering the BSA were treated to a distinguished gentleman playing grand piano, a shoe-shine stand and somewhere to practise your putting. Meanwhile, the garish world of Mortgage Expo was an explosion of champagne in plastic flutes, women dressed as brides, women dressed in very littleâ¦ in fact, women dressed in whatever a mortgage broker could desire. But no pole dancers this year. Perhaps the divide is closing.
O&M Systems says the FSA is not providing enough specific guidance on with-profits pol-icies for IFAs and appears to be rejecting industry offers of assistance. O&M also disputes recent anecdotal evidence from the FSA that advisers have been deterred from offering reviews of with-profits policies due to a lack of understanding of the product and […]
Skandia Investment Management is preparing a summer launch for a best ideas fund that it describes as the ultimate concept in multi-manager.
Canada Life is running a series of group insurance seminars between June 6 and July 6 2006 covering its internet-based e-business portal CLASS. Advisers can learn about its absence management and employee assistance programmes.
The Oakwood Group is likely to use packagers despite Michael Bolton’s outspoken criticism of the market. MBAC Consulting director Alan Cleary, who is expected to form part of Oakwood’s senior team, anticipates that the new firm will use packagers to add value and help with distribution. Cleary says: “I would have thought that Oakwood will […]
Indian equities have officially re-entered a bull market, with the benchmark index climbing to a 11-month high. But this is just the start, argues Neptune head of Indian Equities Kunal Desai. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide for future […]
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It is likely the increased regulatory scrutiny on fund managers’ value could filter down to advice firms in the future In my last article, I considered the influence a non-executive director could have in challenging an advice firm’s business model in light of the pension transfer issues. Now, in its asset management market study final […]
The financial services industry has failed to find ways of nudging consumers to think about their options at retirement, despite three years of pension freedoms. A panel at the Association of British Insurers retirement conference today lamented the way companies talk to people about pensions and the lack of engagement it inspires. ABI director general […]
The new chief executive of the single financial guidance body can expect a salary of £175,000 a year, according to a job advert posted online. The advert, posted on the Cabinet Office website says applications will close in mid-May with final interviews held in early July. The date for announcing the successful candidate has not […]