Annie Shaw is a freelance financial journalistSince I had ricked my foot the previous week and was headed for Bangalore accompanied by a not very elegant walking stick, a little medical tourism seemed to be in order. I ended up in the MS Ramaiah Memorial Hospital for an “executive check-up”. This is the equivalent of […]
Probably one of the most contentious areas in relation to the retail distribution review is its effect on the number of advisers who will be able to class themselves as IFAs and, in turn, the effect that this may have on genuine independent advice for the mass market.
As we move closer to the time to respond to the retail distribution review and other discussion papers, it may well be worth setting out the ABI’s position according to their submission to the original working parties. In essence, they state that IFAs control 60 per cent of distribution and that this is a problem […]
Axa has announced new with-profits bonus rates for customers investing in the Axa Sun Life with-profits fund and the Sun Life Assurance Society with-profits fund.Axa’s regular bonus rates have increased by up to 1.25 per cent for most unitised policies in the ASL fund compared to the same time last year and payouts on bonds […]
The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]
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 […]