Key Retirement Solutions has agreed to take equity release referrals from the GHL Group. Last week, the FSA called for advisers that do small amounts of business to pass leads to specialist firms or quit the market.
Relaxing times
Continuing to look at the amendments to this year’s Finance Bill
Loan broker rebuked for failing customers
The FSA has publicly reprimanded a mortgage broker for failing customers. In the first such disciplinary case against a senior manager of a mortgage and general insurance broker, the regulator found Essential Mortgages Limited chief executive Steven Leslie Davis to have “fallen well below acceptable standards in the way that he carried out his duties […]
Name change put forward for ‘elitist’ PMI
Private medical insurance should be renamed because it is too elitist, say protection experts Peter Le Beau and Andy Couchman. Couchman proposes to change the name of PMI to medical insurance or health insurance. He also proposes to rename long-term care insurance as care fees insurance and waiver of premium as premium skip but see […]
Banking on a boost for income
John Duffield says equity income is one of the most important asset classes for New Star and he has given fund manager Toby Thompson a vote of confidence despite recent underperformance. Thompson runs higher income, which is 48th of 72 funds over three years, returning 56.8 per cent compared with an average of 61 per […]
Doing the right thing – why value-added services matter
By Amanda Docherty, marketing manager More people than ever are living with critical illnesses like cancer. And this will only increase as the years go on. In fact, the number of people currently living with cancer is expected to grow from 2.8 million to at least 4 million by 2030*. Improving survival rates are, without […]
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Making sense of ESG popularity
The rise of ethical funds and sustainable investment brings into question just how broad and subjective the space can be One of 2018’s most-used buzzwords in investment has been “ethical”. The rise in popularity of environmental, social and governance investing has been widespread, and in 2017 more than £1bn of net retail money flowed into […]
Pimfa publishes updated Mifid guide
The Personal Investment Management and Financial Advice Association has published an updated version of its Mifid II feedback template and guide. Both documents jointly authored with the Tax Incentivised Savings Association were originally issued for industry comment in June 2018. The updated template and guide reflect the feedback received from Pimfa’s product governance and template testing working groups. […]
L&G apologies to client over pensions tax free cash error
Legal and General Assurance Society has apologised to a client for making repeated mistakes in the information it gave about the amount of tax free cash he could take. In a ruling from The Financial Ombudsman Service, Mr M complains L&G’s errors resulted in the need for him to return funds and caused him “significant trouble” and […]
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