JC Flowers is putting pressure on Friends Provident to reconsider its rejected 150p per share takeover bid, saying it has funding in place for a 3.5bn cash bid.
The Association of Independent Financial Advisers has criticised the Hunt Review, saying that the industry was expecting a more comprehensive report.
A decision to float or sell Transact could be made in the next month as shareholders meet to vote on the future of the platform.Founding shareholders will for the first time have a vote on whether to sell the company at an extraordinary general meeting planned for early May.Options include listing parent company Integrated Financial […]
Independent mortgage consultant Kevin Duffy is warning that procuration fees could be cut in the next wave of belt tightening to hit the industry.
Woolwich will be cutting its Standard Variable Rate by 0.25 per cent following the Bank of England’s base rate decision today. This will see its SVR reduce from 7.39 per cent to 7.14 per cent. As well as the cut in SVR, all customers on Barclays Bank Base Rate trackers will see their rates cut […]
Targeting annuity purchase in lifestyle strategies isn’t anything new but we’ve just lifted the bonnet and injected an enhancement shot into the end-point of these solutions. The recent volatility has shot short-term volatility into equity markets and painted a very turbulent backdrop but we’re also equally faced with a stressed fixed interest environment. This can […]
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology