Former HBOS chief operating officer Phil Jenks has joined the board of mortgage asset manager Exact. Jenks will be a non-executive director overseeing corporate governance and chairman of Exact’s risk committee.
Thoughts of pensions may have been put on the back-burner for many people, given the economic turmoil and rising unemployment. Spare cash is at a premium for many households, with getting by day to day the order of the day rather than planning for those retirement years.
Tenet has welcomed the FSA’s willingness to recognise both the value and potential risk of losing experienced advisers following its proposal to introduce QCF level four work-based assessments. The group believes that this is a positive and pragmatic approach, even though the detail is still vague at this time.
James Dowey, Investment Director, Chief Economist China and Japan have both performed strongly so far this year, while the UK and Europe are going through periods of political uncertainty. In contrast, the US has experienced a temporary soft patch, but the lower oil price is proving to be a boon for consumers. How do these […]
The FCA has written to payday lenders and urged them to review their lending activity to see if their creditworthiness assessments are compliant. In a letter addressed to chief executives, it sets out how the watchdog expects payday lenders to handle issues linked to the increase of complaints about unaffordable lending. If deficiencies are found […]
Around 125,000 savers lost out when the annual allowance limit was cut from £50,000 to £40,000 in the 2014/15 tax year, according to government documents. Royal London policy director and former pensions minister Steve Webb pointed to the findings this morning in an archived government note as the firm launched a new policy paper on […]
I wonder how many client conversations come to an impasse when the subject of their existing cover is discussed. All too frequently, we find clients have little knowledge of their employment benefit package. Death in service, critical illness cover and sick pay benefit periods may have been discussed during the recruitment process and will be […]