The FSA is to undertake a review of the rules that govern insurance comparison websites following pressure from Biba. It will look into whether the guidance given by the sites constitutes advice.
Prudential’s shares received a boost yesterday as reports that China’s Ping An Insurance was looking to buy £7bn of Prudential shares emerged.A Chinese business paper reported that Ping An – 17 per cent of which is owned by HSBC – was close to taking a £7bn stake in the life office which would be equivalent […]
I am an experienced investor in my 80s but I have become concerned by recent volatility. I am mainly in income-producing funds but wonder what else I could invest in.
A private sector solution for Northern Rock is back on the cards after the Government set out plans to convert the firm’s £25bn Bank of England loans into state-backed bonds.The move is likely to see new bidders for the lender enter the fray and a deadline of February 4 has been set for proposals to […]
People could be wasting thousands of pounds on useless insurance, according to a new guide produced by Which?In its Money Saving Handbook published this month, Which? says although some types of insurance such as building and contents, life and car insurance are necessary, other types are often unnecessary and pay out in relatively few cases.The […]
Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]
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The workplace presents a significant opportunity for advisers, yet many are still shunning this sizable market, experts argue. The pension freedoms and auto-enrolment have increased the unmet need for advice in the workplace. Some larger employers and pension trustees are no longer content to leave employees to fend for themselves among scammers and fraudsters and […]
Neil Woodford has rejected gloomy UK growth forecasts from the Office for Budget Responsibility revealed in yesterday’s budget, arguing the country is on track to achieve annual growth around 2 per cent. According to the OBR, growth this year will be 1.5 per cent, and fall to 1.4 per cent in 2018. Through 2019 and […]
Trade bodies tend to live in a cloistered environment while advisers keep the industry on its toes