Stockport-based First Choice Mortgages has appointed Ray Ronan in the newly created role of head of corporate business development. Ronan will be responsible for managing the broker database, sales, marketing and running the packager arm of the business. He hopes to significantly increase business volumes within the next three years. Previously to joining First Choice, Ronan was the managing director of Classic Mortgage Solutions and before that was the business development manager at The Mortgage Business.
Friends Provident has cut bonuses on with-profits policies by up to 16 per cent. A 25-year 100 per month pension policy for a male aged 40 at entry will pay 116,759 compared with 139,281 last year.
Women are having to work longer because they cannot afford to retire, according to research by the Office of National Statistics.
Woolwich Plan Managers has established the 7% bonus bond, a guaranteed equity bond designed to pay 7 per cent income a year over a six-year term.
Do you think responsibility for risk ratings should lie with IFAs rather than with providers?
Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The Government should make it easier for advisers to sell products that blend income drawdown with insurance to meet future care costs, according to former pensions minister Steve Webb. A paper published today by Royal London calls on the Government to introduce policy changes which allow new products to be created that pay for long-term […]
Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]