The Financial Ombudsman Service has been in the news recently by virtue of the increase to the compensation limit, the publication of its 2010/11 annual report and the leaked criticism from a number of trade bodies about the quasi-regulatory role it enjoys. The FOS is everybody’s favourite whipping boy but seldom has a target so […]
Investment Management Association chief executive Richard Saunders says he remains “confident” his proposals for managed fund sector labels remain the “best answer” for the industry. The IMA’s decision to rename the active, balanced and cautious sectors with letters representing the degree of manager discretion in the funds has been criticised by IFAs and fund managers. […]
Swiss Re has acquired 300,000 life insurance policies and £1.6bn of assets from Alico. It agreed the deal for an undisclosed sum last week via its business unit Admin Re, which acquires blocks of in-force life and health insurance business. Last November, MetLife bought AIG subsidiary Alico for £10.8bn. Swiss Re executive board member and […]
Towry’s legal action against seven former Edward Jones advisers started yesterday in the High Court. Towry is seeking £6m in damages from Raymond James and seven former Edward Jones advisers over what it calls unlawful poaching of a large section of its client base. Towry is claiming the seven advisers breached non-solicitation clauses in their […]
There are plenty of office parties and Christmas events going on at this time of year. But have no fear – you can still stay healthy while going out and enjoying yourself, with a little bit of planning!
Along with all the other firms that provide advice on defined benefit transfers, we received our questionnaire from the FCA about the quantity and nature of cases we have handled since 2015. By the time you read this, the deadline for its return will have passed and those under scrutiny will have breathed a collective […]