Pink Home Loans is absorbing all Direct Life & Pension Services’ appointed representatives in a deal it says will push it into the top five mortgage networks.Both firms will continue to trade as separate entities and Pink will service the mortgage business while DLPS will handle the protection side. The combined network will trade as […]
The FSA says it has kept more than 600 unsuitable mortgage and general insurance firms out of the industry since the start of regulation. FSA records show that, at the first stage of the authorisation process, approximately 550 M&GI firms either withdrew or were refused permission to conduct business. At the second stage of the […]
A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits. By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.
A quarter of investors in the UK are unsure of how to liquidate the investments they hold, figure show. Property investment company Experience Invest found 32 per cent of respondents to a survey said they have tried to exit an investment, but ultimately did not after learning they would incur unexpected fees for doing so. […]
Platform technology firm FNZ has today completed the acquisition of German investment platform company, ebase. Edinburgh-headquartered FNZ has purchased ebase (the European Bank for Financial Services) from German bank Comdirect Bank for €154m (£139m). The sale was first agreed to last year, and has since received regulatory approval. FNZ Group said that under its ownership, […]
Nine of the 11 firms declared in default by the Financial Services Compensation Scheme this month are wealth management or advice firms, latest figures show. The newest firms to make the lifeboat fund’s list bring the total number declared in default since mid-May to 26. The FSCS putting a firm into default means the lifeboat […]