The FSA has banned Atom Associates director Ayodele Olubunmi Thomas for submitting inflated income information to obtain mortgages and loan advances.
Bupa Individual Protection is reducing the guaranteed rates on its income protection product by more than 10 per cent.
The Association of British Insurers is likely to hold another consultation on its proposals to scrap total permanent disability from critical-illness policies after negative feedback. Plans to replace TPD with a set of new definitions as part of the ABI’s statement of best practice for CI have come under fire from members, including Munich Re […]
Former Skandia UK business unit head of finance Mark Williams is joining Cofunds as its new finance director. MoneyMarketing.co.uk revealed this week that Williams will be replacing finance director Andrew Harris, who is leaving along with co-founder Andy Creak. Mark Williams left Skandia in August 2008 following a reshuffle of its wealth management unit, which […]
Annie Shaw assesses the difficulties of seeking income at a time that dividend-payers are cutting their payments but reports that a revival could be in sight
The rally in cyclical ‘value’ stocks paused for breath in February, as investors took a more cautious tone and switched their attention back to defensive areas. In this article, Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, explains how he has positioned the portfolio, given the many economic, geopolitical and policy risks that […]
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Fighting over those in financial services, rather than garnering interest from outside it, is asking for trouble When you ask the owner of an advice firm what concerns them most, they respond with one of two answers: regulatory change and recruitment. For once, I am going to talk about the latter. Here are the main problems as […]
Columbia Threadneedle is urging Unilever to engage with investors after its decision to establish its main headquarters in Rotterdam. Columbia, one of Unilever’s biggest shareholders, said it was disappointed with Unilever over concerns the move could be damaging for British shareholders. Head of responsible Investment at Columbia Threadneedle Investments Iain Richards said in a statement: […]
Aviva has u-turned on plans to scrap preference shares to investors. In a statement this morning, the insurance giant said that since it mooted the plans in its annual results earlier this month, it had discussed the issue with investors who had provided “strong feedback and criticism.” Based on the responses, Aviva says it has […]