Ethical Mortgage Solutions chief executive Steve Royal says the firm is financially secure but admits to a slow period after M-Day which has led to restructuring, cost-cutting and some redundancies. Mortgage Next, which provides regulatory services to the group, says it will continue to give regulatory support to the ARs whatever Ethical’s position.
AWD is the first organisation to sign up to the CIIs new pensions simplification update programme.The new CII programme was launched in February and is designed to help advisers better understand the new pensions tax regime post A-day.AWD is committing 350 advisers and support staff to the programme.AWD managing Director Chris Isard says: “It is […]
I must respond to Wai Man Cheung’s “success story” regarding St James’s Place Partnership featured in Money Marketing, March 10.
Abbey is continuing to pay no annual bonuses on its with-profits funds in a bid to cut MVRs and boost terminal bonuses.
HSBC is raising premiums for existing critical-illness cover policyholders by up to 30 per cent.
A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.
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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 […]