The FSA has appointed Tim Herrington as chairman of its regulatory decisions committee, which makes enforcement and authorisation decisions on financial services firms.
Scottish Equitable is slashing commission on regular-prem-ium individual stakeholder business but is raising single-premium commission in a bid to capture transfer business.
Much has been said about the multi-tie market but how will distribution change after the ending of polarisation?The models being discussed seem to include five or six of the biggest providers in the UK, who represent more than 70% of the market.
Low-income workers with stakeholder pensions who do not increase contributions over time will pay more in charges than they do in contributions in the latter years of their saving, warns B&CE.
I have in the past five years had the misfortune to be a member of one national IFA and two networks. The national retained a ridiculously high percentage of gross income that it become prohibitive to be associated with them while the networks silently slipped into administration along with my money. I am now in […]
Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]
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Support service provider SimplyBiz has signed a third new deal for defined benefit transfer advice work after its original partner pulled out of the marketplace. In an email to members seen by Money Marketing, compliance director Gary Kershaw apologises for any inconvenience caused by Crowborough-based advice firm CFPML’s decision to exit the DB transfer marketplace. […]
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The Budget will lay out Government plans to help build 300,000 new homes a year, according to Chancellor Philip Hammond. The plans will include fasttracking developments with planning permission. Hammond said the Government would use “powers of state” to get homes built on these sites, according to the BBC. The Government will also unveil plans to […]