Fraudsters are pushing the cost of the average household insurance policy up by almost £1 a week, according to a survey by the Association of British Insurers.
The association estimates the cost of fraud was up 8 per cent to £645m for 1998 from £597m last year. As a percentage of premiums fraud increased to 3.7 per cent in 1998 from 3.6 per cent last year.
Interactive Investor is planning an expansion backed by £8m of venture capital to make it the sole provider of electronic share trading for all IFAs and stockbrokers by next summer.The company believes that it can steal a march over other on-line rivals as the only company offering such a service.It is currently running a pilot […]
The PIA consumer panel has warned the Government that it is making a mistake by not including mortgage regulation in the draft Financial Services and Markets Bill.The panel says that the complexity and range of mortgages available makes it easy for product providers to missell.It says that because mortgages are the biggest purchases consumers ever […]
The Sedgwick Noble Lowndes name is set to disappear from January 1 as the firm is merged into William M Mercer. The move follows the takeover of Sedgwick Group by Marsh & McLennan, Mercer's parent company, in August. Mercer's UK chairman and chief executive David Barford will assume responsibility for UK operations. Sedgwick Noble Lowndes […]
Guardian Employee Benefits is investing £1.5m in a software package from Watson Wyatt to upgrade its administration system for its planned Group Personal Pension Plan.Managing director Ray Milne says: "The attraction of the Watson Wyatt PMS6000 system is that it is flexible enough to allow us to deliver our unique product solution to the GPP […]
Loomis Sayles’ Macro Analyst, Craig Burelle, discusses the key takeaways for bond markets during Q3 2016 and looks at the outlook for global growth and inflation. Click here
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Intrinsic must compensate a client for the pension transfer advice it gave them. According to a Financial Ombudsman Service decision, in 2015 Mrs C was told to transfer her two existing personal pensions valued around £80,000 to a new Sipp provider. This money was placed in a scheme where Mrs C could adopt a dynamic […]
“There is nothing permanent except change”, so said the “weeping philosopher” Heraclitus circa 500 BC. Few would argue change was not needed in the retirement income market; it is just no one expected it to be so inorganic and non-negotiable. The impact of the pension freedoms Budget bombshell in 2014 was immediate and significant. Revisiting […]
True Potential has grown assets in its discretionary portfolios by £2.1bn in 2017. In its annual results, published today, the platform says it has attracted £3.8bn assets in its in-house funds in 2017, up from £1.7bn in the previous year. Assets into the funds were at £0.7bn in 2015. Since launch in October 2015, True […]
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