Distribution Technology has won the contract to provide the point of sale software used by Lloyds TSB Private Banking advisers in their consultations with high-net-worth clients.
Virgin got 2006 off to a controversial start by launching its Big V cancer-only cover administered by Scottish Widows which brought widespread criticism from the protection industry although a few commentators welcomed the innovation.Aegon Scottish Equitable was one of the first providers to announce it would be launching a simple pension term assurance product after […]
Consolidation was the keyword in the technology provider marketplace, with Capita acquiring Webline only moments before it was announced that main rival Vertex was buying 1st.The knitting together of these organisations is a bid to achieve the holy grail of true “straight-through-processing”.Both Vertex and Capita are still looking to plug the mortgage-sourcing system hole in […]
Some of the real risks faced by pension members could fall between the cracks in the latest review.
Fine wine investment group Premier Cru has seen business from advisers increase fivefold since A-Day and intermediary sales now make up half of its inflows.Much of the interest has come from Sipp investors despite the Treasury removing tax relief on wine in pensions.Sales director Gavin Saffer says he expects adviser-based inflows to increase as they […]
Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]
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Aim listed advice and investment firm Harwood Wealth Management has continued its run of acquisitions with a deal to buy an Ascot-based retirement advice specialist. Harwood has acquired the assets of Plan65 for up to £1.56m depending on performance, with an initial payment of £810,000 coming out of Harwood’s existing cash reserve and the rest […]
Old Mutual Wealth is expecting to list on the London Stock Exchange as Quilter on 25 June, according to an investor prospectus, as the chief executive of parent company Old Mutual has resigned. Bruce Hemphill, who has been Old Mutual group chief executive since November 2015, resigned from the boards of Old Mutual Group and […]
The FCA has warned investors that copycat scammers are claiming to represent the custodian of a failed structured product provider to cheat people out money. Reyker Securities took on custody and administration responsibilities after Merchant Capital, the structured products arm of Merchant House Group, went into administration in January 2013, leaving £400m in structured product plans in […]