Former HBOS general insurance deputy chief executive Simon Stevens has joined Uinsure as managing director. The new general insurance proposition for mortgage advisers has been set up by former Bankhall joint chief executive Simon Taylor.
With climate change an on-going issue for everyone across the globe, it seemed a question of when, as opposed to if, a fund management firm would decide to launch a vehicle that revolves around the arena.
Transact is closing its share option scheme to advisers from July 31 but says the action will not apply retrospectively.The wrap says the reason for the move is primarily due to regulatory and accounting concerns.Managing director Ian Taylor says: “Mifid has been fairly clear about the process and how it needs to be reported, where […]
HSBC is warning that China could see heightened volatility for several months following market falls which started last week.The benchmark Shanghai Composite index closed 8.2 per cent lower on Monday at 3,670 over concerns the government could bring in more measures to cool the economy. This followed falls last week after the Chinese government raised […]
Pension scheme membership among employees has risen by more than five million in the past four years because of the policy of automatic enrolment into workplace pensions. But Britain’s army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment. Pension coverage among the self-employed […]
Most firms regulated by the FCA are satisfied with its performance and believe it is an efficient regulator, the watchdog has said. The survey conducted by the FCA and its Practitioner Panel – one of its advisory bodies – sought feedback on the regulator’s performance from the firms it oversees. The results showed that both satisfaction and […]
Investing at this stage of the market cycle is a tough balancing act. While over-exposure to risky assets leaves a portfolio vulnerable when a correction really bites, taking too much risk off the table too soon can mean missing out on the remaining opportunities which may still present themselves over the coming months. With so […]
A complaint that an Aviva system error kept an investor from retirement for five years and resulted in substantial financial distress has been rejected by the Pensions Ombudsman. The complainant – Mr D – held an Aviva Pension Plan until 2008, during which time he was underpaid £37,010.57 due to a fault in Aviva’s processing system […]