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 workplace presents a significant opportunity for advisers, yet many are still shunning this sizable market, experts argue. The pension freedoms and auto-enrolment have increased the unmet need for advice in the workplace. Some larger employers and pension trustees are no longer content to leave employees to fend for themselves among scammers and fraudsters and […]
Neil Woodford has rejected gloomy UK growth forecasts from the Office for Budget Responsibility revealed in yesterday’s budget, arguing the country is on track to achieve annual growth around 2 per cent. According to the OBR, growth this year will be 1.5 per cent, and fall to 1.4 per cent in 2018. Through 2019 and […]
Trade bodies tend to live in a cloistered environment while advisers keep the industry on its toes