The French finance minister Christine Lagarde confirmed the agreement today and reiterated members’ commitment to doing whatever is necessary to restore financial stability.
Conservative Treasury select committee member Philip Dunne says the FSA should look at how structured products were advertised to ensure guarantees were clearly explained.
The Financial Services Compensation Scheme says it is unclear if Icesave depositors will have to apply both to the Icelandic and UK compensation schemes if the bank becomes insolvent.
J O Hambro Capital Management has announced the appointment of Gavin Rochussen as chief executive officer.
Canada Life is introducing a one time underwriting process for group income protection in a bid to save time for advisers and their clients.
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review In February, the House of Commons passed a draft law to trigger article 50 of the Lisbon treaty for the UK to exit the EU. In corporate news, Warren Buffett backed Kraft Heinz in its takeover […]
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Cofunds’ advised clients will move to the new Aegon platform over the first May Bank Holiday, with the new platform expected to be up and running by 8 May, Aegon has confirmed. Aegon completed the first stage of moving Cofunds customers onto its new combined platform in December, transferring 79,000 non-advised investor portfolio service customers […]
Columbia Threadneedle Investments is calling for auto-enrolment into drawdown funds for people nearing retirement. According to research by the asset manager, people planning their retirement are confused about how they will convert their pensions savings into income, how much they might need in retirement and how long their savings might last. The firm said that […]
Unintended consequences of the pension reforms could further affect access to advice, ultimately derailing consumer freedom and choice. There is already evidence professional indemnity insurers are beginning to withdraw cover or harden terms for advisers associated with defined benefit transfers. But this is not a failure of PII. It is a more fundamental system failure, […]