Regency Mortgage Corporation has been fined 56,000 by the FSA in the first action the regulator has taken against a firm for sales of payment protection insurance since general insurance regulation was introduced. The firm was fined for breaching treating customers fairly principles and poor compliance procedures.
The new face of Scottish Widows, Hayley Hunt, certainly earns her money. The Diary can reveal that the black garb she has to don for promotional work weighs a whopping four stone. That’s a lot of silk and velvet. Scottish Widows even forked out 8,000 on a pair of diamond earrings for her to wear […]
Leeds Building Society
Three Year Fixed Rate Mortgage
Over a third of advisers are using a wrap platform and a further quarter have definite plans to do so, says CWC Research. In face-to-face interviews with 73 advisers, it found that 35 per cent are using wrap platforms as their standard pro- cess for investment business or are in the process of migrating to […]
What was the background to the Charman case and the judgment?
Advisers need to assume three key roles
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It is likely the increased regulatory scrutiny on fund managers’ value could filter down to advice firms in the future In my last article, I considered the influence a non-executive director could have in challenging an advice firm’s business model in light of the pension transfer issues. Now, in its asset management market study final […]
The financial services industry has failed to find ways of nudging consumers to think about their options at retirement, despite three years of pension freedoms. A panel at the Association of British Insurers retirement conference today lamented the way companies talk to people about pensions and the lack of engagement it inspires. ABI director general […]
The new chief executive of the single financial guidance body can expect a salary of £175,000 a year, according to a job advert posted online. The advert, posted on the Cabinet Office website says applications will close in mid-May with final interviews held in early July. The date for announcing the successful candidate has not […]