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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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]