Berkeley Berry Birch subsidiary Direct Protect has attracted one thousand members since its launch a year ago. Direct Protect offers term life insurance, critical illness cover, mortgage protection, PHI and general insurance products. Chief executive Don Allan says: “We are totally committed to becoming Britain's most successful protection network. There will always be a place for a professional organisation such as ourselves that is focused on protection.”
The Diary hears that gentlemen prefer being blond. Certainly, some of the old hands in the PR world seem to be backing this up. Latest up for the bottle-blond look is L&G's raven-haired Peter Timberlake, who has recently made the momentous decision to lighten his tone. Has he been listening to too much Eminem? The […]
Cost-cutting exercises are over for most fund firms as a bullish mood grips the market, despite continued economic uncertainty, according to Jupiter. In an interview with Money Marketing, joint managing director Gordon Davidson says most groups have now slashed as many costs as they can, marking the end of a two-year “period of navel-gazing” that […]
Aifa director general Paul Smee says the FSA does not want to see the end of smaller IFAs.Smee told delegates at the Bankhall conference that he sees a wider remit for the regulator in future that will go alongside its much discussed lighter-touch regime.He pointed to CP193, the FSA's latest offering on resolving the professional […]
Scottish Provident has set up a team at its Edinburgh intermediary support centre to manage large protection cases with sums assured of £500,000 and over. The company says this will mean that cases are processed as smoothly and efficiently as possible and intermediaries are kept up to date with their progress.
As part of the Budget speech, the chancellor announced the launch of a formal consultation on the structure of UK pensions tax reliefs.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]