Direct Life & Pensions Services has joined forces with Fool.co.uk. Fool will become an appointed representative of Direct Life offering an online and call centre life insurance service to its members and users, administered by Direct Life’s systems.
Which? took a controversial line on critical illness insurance this month by calling it a luxury product.
The FSA has warned advisers looking to enter the equity release market to ‘stay out’ if they are not willing to commit significant resources and investments to their operations.Speaking at the Mortgage Business Expo in Manchester, the FSA warned firms to ensure they committed to delivering quality advice. FSA manager of retail distribution and mortgages […]
Lighthouse Group has launched a commercial lending service to its 600 advisers. The group sees commercial lending as of growing importance for IFAs and says the opportunity is opening up to steal market share from the banks due to their ability to source lending from a number of providers. Lighthouse has agreements in place with […]
I read with astonishment the press release by the PFS/CII to allow firms, rather than just individuals, to have chartered financial planner status. Not only is this departure misleading for the public, in that they may believe they are dealing with someone better qualified than they actually are, it also dilutes the strength of the […]
Last year, worldwide mergers and acquisitions (M&A) rose to an unprecedented $4.7tn, according to Thomson Reuters, a 41 per cent increase over 2014. Anthony Forcione, senior equity analyst at Loomis Sayles, an affiliate of Natixis Global Asset Management, looks at what’s been driving this particular wave of mergers. Click here to view full article: Loomis-Sayles
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]
National advice firm Foster Denovo has acquired employee benefits consultancy TEBC. The deal brings over 100 corporate client relationships, and Foster Denovo will look to build TEBC’s staff into its own employee benefits division, Secondsight. Foster Denovo says the deal is the first in an acquisition strategy it will be pursuing. Chief executive Roger Brosch […]