Defunct companies Berry Birch & Noble Financial Services, David Aaron Partnership and RJ Temple generated the most successful claims for precipice bond misselling, according to recent figures from the Financial Services Compensation Scheme.
Whitechurch Network has teamed up with Pink Home Loans providing members with a preferred packager facility. The deal allows Whitechurch members to access Pinks packaged lender panel including its products and branded range. The partnership became effective on July 25. Whitechurch Network managing director Ian McIver says: Ultimately we look at ways of enhancing our […]
Speculation has increased on whether BM Solutions will be entering the equity-release market after the firm surveyed 200 brokers on whether the sector has potential. Asked which market holds the most potential over the next 12 months, 36 per cent of the brokers who were interviewed in June put equity release at the top of […]
IFA Buckles Investment Services is planning to add a property fund to its Snowdonia fund-of-funds range in October.
John Husselbee is starting an independent multi-manager boutique for Neptune after running the firm’s Quilter funds of investment trusts for 10 months. The new multi-manager business will have an independent structure under a non-conflicting brand. Further details are expected to be ann- ounced later this week. When Husselbee quit as Henderson’s director of multi-manager investments […]
The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath.
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Three advice firms have stopped giving pension transfer advice following work by the FCA over the future of the British Steel Pension Scheme. A statement this afternoon details the FCA’s “information gathering exercise” to identify the firms that have been most active in advising people to transfer out of the scheme. The regulator got information from […]
The FCA has launched a consultation on its approach to authorisation and competition, which will be open to responses until March next year. Following the launch of the FCA’s mission in April, the approach documents are the second and third in a series of papers explaining how the watchdog tackles regulation. The first document, the […]