Former telecoms regulator Don Cruickshank has launched a review of the UK's banking industry. It will look at all aspects of banking including mortgages, life assurance, credit cards, payment systems and credit for small businesses. It is expected to published towards the end of the year.
Pep sales in 1998 increased by 18 per cent to a record £11bn according to the Association of Unit Trusts and Investment Funds.Autif's latest quarterly figures show that net Pep sales in December rose by 38 per cent in 1998 to £368m bringing total Pep sales for the year to £7.7bn.During the fourth quarter regular […]
Mortgage packager The Money Store has appointing Jane Arckless as its head of finance.Arckless was previously finance controller at Lombard Bank and has worked as a tax consultant for Mitsubishi Electric.She will report to managing director Larry Wodarski and be responsible for all activities in the accounting and financial planning departments.
Legal & General's mortgage sourcing and financial services software package has been given a resounding thumbs-up from IFAs.Over 95 per cent of the 290 IFAs attending the first week of L&G's MortgageEvent road shows rated Mortgage Preference as an excellent product and said they would buy it.
Fund manager Perpetual is making its first move on the pensions market next month with the launch of a personal pension.The Personal Pension Plan, to be sold exclusively through IFAs, invests in a range of five funds.These are Perpetual UK Equity, Perpetual Overseas Equity, Perpetual Global Equity, Perpetual Fixed Interest and Perpetual Cash. The plan […]
James Dowey, Chief economist & CIO In these very early stages following the “Leave” win any prognosis is by its nature highly tentative. It will be weeks before we are able to measure the acute impact of the result on the UK economy, and there are clearly no close historical parallels on which to base […]
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Three fund selectors give their views on choosing passive funds, blending, and investor suitability
The youngest ever fellow of the Personal Finance Society has moved to a new advice firm. Vito Faircloth gained the accolade last year at the age of just 22. He became level four qualified in August 2015 before taking additional exams with the professional body. Chief executive Keith Richards described the achievement as “truly remarkable”. […]
Providers are calling on the Work and Pensions Select Committee to tackle the advice gap and tax on pension withdrawals in its review of pension freedoms. The committee said last month it was opening an inquiry into whether the pension freedoms are achieving their objectives and if policy changes are needed. In its submission to […]