Equitable Life policyholders are starting to receive the final compromise scheme details this week and have until January 11 to decide if they will back the deal.
GAR policyholders are being asked to exchange their guarantee for a 17.5 per cent uplift in policy value and non-GAR holders are being offered a 2.5 per cent uplift in exchange for giving up mis-selling claims.
The policyholder meeting will take place on January 11 at Wembley.
Using technology efficiently could cut the time of the average transaction by 38 per cent, according to Norwich Union.Speaking at the Society of Financial Advisers conference in Birmingham this week Norwich Union director of marketing Robert Fletcher told delegates that a typical sales transaction took 3 hours attendance with the client, 1.5 hours for analysis, […]
Personal finance data provider Money Facts has launched two new webpages, MFIC Money and MFIC Business, following its takeover of web directory the Information Channel.MFIC Money is a comprehensive personal finance web based directory with links to thousands of sites covering all aspects of personal finance including mortgages, banking and savings, life insurance, pensions and […]
Many retail financial services companies may believe they are compliant with new FSA regulations but still be failing to meet admin rules.Compliance specialist Huntswood director Shaun O'Leary says many companies have put significant resources into ensuring their sales processes are compliant but fail to realise that their back-office admin processes could be in breach of […]
The FSA has unveiled proposals to replace designatory letters, introduce limited retesting, toughen entrance exams and back a single accreditation scheme in the long-awaited paper on IFA qualifications.The news comes as head of industry training David Jackman has provoked a row with IFAs by agreeing with Ron Sandler that IFAs' investment knowledge is not up […]
Fiona Tait – Pensions Specialist, Royal London The DGS is more than just a pretty website, it can help you to target those clients who are most likely to be affected by the proposed cut in the Money Purchase Annual Allowance MPAA). Clients who have triggered the MPAA When it was launched Royal London automatically uploaded […]
News and expert analysis straight to your inbox
Sign up
The regulator says advisers need to know how tools work, but many lack confidence and knowledge
The proposed FCA directory that will include advisers’ details could see more people finding “bad advisers”, according to adviser review site VouchedFor. A LinkedIn article by VouchedFor chief executive Adam Price says this is because the regulator’s consultation paper pitching the directory suggested little around underlying adviser checks being substantively improved. In the article, Price says: […]
A pension company that invested in storage products with investors’ savings has been ordered into liquidation by the High Court. Kent-based Chartwell Trustee Pension Solutions was the sole trustee of the Pinnacle Pension Scheme. Chartwell amassed in excess of £4.8m of members’ pension funds following an apparent cold-calling telesales operation. Members were told to expect 8 […]