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 […]
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]
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