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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Alan Hughes: Triage service will relieve DB transfer pressure
Putting the right people off transferring at the outset will be hugely valuable to the industry but there are issues to address A combination of pension freedoms and the economic circumstances giving rise to historically high transfer values has created a perfect storm in terms of demand for defined benefit transfer advice. Sadly, it has […]
Meet the manager: Royal London AM’s suistainable investment head Mike Fox
RLAM’s head of sustainable investments Mike Fox discusses how the rise of millennials will impact his asset allocation Being socially responsible and moral has been ingrained in Royal London Asset Management head of sustainable investments Mike Fox from an early age. “I am a child of Star Wars, where the good guys won in the […]
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Barclays rolls back on robo-advice plans
Barclays has rolled back on plans to launch a robo-advice service, Money Marketing understands. The bank launched a new self-directed investment platform, Smart Investor, in August last year. Sources tell Money Marketing that the bank was also planning to complement this with a hybrid advice offering that would combine online services with a face-to-face element, […]