Framlington managers are in the early stages of management buyout talks. Former chief executive Peter Chambers started the talks in the autumn but resigned after senior managers at Framlington decided Chambers was not the right person to take the buyout forward. The managers are still planning the buyout but have put plans on hold pending the appointment of a new chief executive. Framlington is currently 15 per cent owned by its staff.
Towry Law has signed a deal to provide its online financial advice system My Financial Friend to Sainsbury employees.
Pensioners risk their income being eroded if they do not take steps to guard against inflation.
Winterthur Life UK is strengthening its adviser service by recruiting three new business development managers. Russell Anderson joins from Scottish Life. He was previously an IFA for Sedgwicks and Frizzells. Anderson will be responsible for supporting IFAs in Northern Ireland. David Arthur joins the company from Standard Life, where he spent five years in financial […]
Even if you are only an occasional reader of trade publications, you cannot have escaped one of the hottest buzz phrases in our industry behavioural finance where the worlds of psychology and financial theory have collided to form a burgeoning new field of study.
By Fiona Hanrahan, senior product insight and technical support analyst We’ve received lots of queries on scheme pays and when it can be used. This article explains how it works and the conditions which apply. What is ‘scheme pays’? If an individual exceeds the annual allowance (AA) and an AA tax charge is due, they […]
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]