Three key MEPs working on financial services issues in the European Parliament have regained their seats in the European elections. Conservative MEP Theresa Villiers took 27 per cent of the vote for the London region. Labour MEP Peter Skinner took 14 per cent and Liberal Democrat MEP and Chris Huhne gained 15 per cent both in the South East region.
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Nvesta out of step with the rest
NVESTA SAFETY NET INCOME PLAN Type: Capital-protected bond Aim: Income linked to the performance of the FTSE 100 index Minimum-maximum investment: £5,000-no maximum, £7,000 Isa Term:Five years Return: 6.25% gross income a year Guarantee: Original capital returned in full provided index does not fall by more than 50% and returns to at least its starting […]
Zurich bond offers double scoop
Zurich Financial Services is offering investors the chance to invest in a capital-protected bond that is linked to the FTSE 100 and Halifax House Price indices for five years and six months. The select guaranteed account is available to those with between £2,500 and £250,000. Investors decide whether they want their investment linked to the […]
Aifa says menu has become complex
Aifa has criticised the FSA's proposed menu saying it has become overly complex and is in danger of losing its key message in its response to CP04/3: Reforming Polarisation: a menu for being open with consumers. Aifa says an overly complex menu will not be read by consumers, also criticising it for having a disproportionate […]
Look to the private sector
The idea of compulsory insurance aired by the Doctors for Reform group as a solution for the ailing NHS was castigated but a partnership between the private and public sectors would be a positive step. The NHS should consider compulsory insurance. Some of the comments made by Doctors for Reform will, to many, seem extreme […]
Leading Edge – April 2017
There is little doubt 2017 will be a year of political uncertainty. Leading Edge is Royal London Asset Management’s regular review of investment markets. This edition explores some of the impacts that this uncertainty is having on investors, from the pitfalls of prediction within UK equity investing to the dangers of opting for convenience over […]
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Amber Rudd to return as work and pensions secretary
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
FCA writes to pension transfer introducer clients over legal action
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
Fears protection commission disclosure will turn clients off advisers
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]
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