Further to Martin Blackie’s letter in last week’s Money Marketing about his recent unfortunate experience with Fidelity International, let me first say how sorry we are that he has has not received the standard of service which he should rightly expect from Fidelity. Second, let me say that we take such incidents extremely seriously. On receipt of Mr Blackie’s letter, we initiated a thorough investigation of the incident and its circumstances and we responded fully in writing.I also phoned Mr Blackie to offer our apologies and to thank him for bringing this to my attention. Last, while it is obviously uncomfortable to read about ourselves in such an unflattering light, we believe it is vital that advisers bring such matters to our attention so that we can learn from our mistakes. Peter Hicks Head of IFA Channel, Fidelity International, London
Personal Finance Society chairman Bob Bullivant will chair the income protection working party set up by Peter le Beau and Clive Waller. The income protection taskforce will include providers, reinsurers and intermediaries to promote public awareness of IP and to try turn round poor sales performance.
The Revenue has lifted a tax threat facing Standard Life policyholders. A-Day rule changes would have meant with-profits pension clients being taxed immediately at 40 per cent on their demutualisation windfalls, even for members who are lower-rate or nil- rate taxpayers. Standard lobbied HMRC after spotting the anomaly and the Revenue has set out draft […]
In the fund management department of Hargreaves Lansdown we believe there are three drivers to equity fund performance – size bias, style bias, manager’s stockpicking abilityBy size, we are considering the fund’s exposure to small companies, mid-sized companies and large companies. By style, we are talking about the fund’s exposure to high-yielding stocks or lower yielding stocks.
IFA firm Prescient Financial Intelligence has gained its 1,000th client 16 months after its launch in August 2004. The firm has offices in Exeter, Glasgow, London and York specialises in Sipp and IHT solutions for small asset managers and discretionary fund managers.
Welcome to the latest update for Allianz Technology Trust PLC from the Trust’s portfolio manager, Walter Price. Portfolio review The Trust’s NAV returned 4.3% , outperforming the Dow Jones World Technology Index return of 2.8%. In US dollar terms, the portfolio gained 4.8%. During the month, stock selection contributed to relative performance, and industry allocation […]
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When Selectapension stopped executing defined benefit pension transfer advice last year, eyes quickly turned to its key partner firm: CFPML. A previously unknown entity, the FCA reviewed CFPML as part of its work, and a little big of digging from Money Marketing uncovered it was actually a two-man band advice firm just down the road from […]
The end of the “boom” in pension transfers could be in sight, consultancy the Lang Cat predicts. The Lang Cat has published its latest platform market scorecard, which found pension gross inflows to platforms dropped 16 per cent in the first quarter of 2018 when compared to the fourth quarter of 2017. This was compared to […]