The Government has pledged £4m of funding for the Hip dry run in Bath, Newcastle, Southampton, Northampton, Huddersfield and Cambridge in November
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Icob firms should sell PTA without advice
Direct Life & Pensions sales and marketing director Richard Verdin says Icob advisers should sell pension term assurance without advice rather than with a caveat which says they cannot advise on the suitability of the product. Verdin says he knows of specialist protection advisers that do not sell PTA because they are uncomfortable with the […]
£2bn in pension credits will remain unclaimed this year, says IFAP
£2 billion of pension credits will remain unclaimed this year, with between 34 per cent and 44 per cent of pensioners failing to realise their entitlements, according to research from IFA Promotions.
No regulation required
The buy-to-let market is unlikely to see any significant future innovation because it is mature and has already undergone its metamorphosis. Brokers and lenders agree that the market remains buoyant and is not desperate for any new types of products or major changes. It is also doubtful if many new lenders will enter the sector […]
This week in Investment
HSBC’s announcement that it is to shift its core UK equity business away from Halbis Partners to its multimanager team has raised a few eyebrows in the investment community.
India Election Update
What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.
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Self-funded robo reaches £100m in funds under advice
Robo-adviser Candid Financial Advice has exceeded £100m in client funds under advice five years after its launch. Candid director Justin Modray says he is now looking to improve the firm’s scalability and accelerate growth since starting out in 2013. The firm is targeting an additional £100m in the next two and a half years. Modray […]
SimplyBiz poaches from Sesame Bankhall for compliance hires
SimplyBiz Group has announced two new hires in a bid to strengthen its compliance support team. Paul Bruns, who will work as director of field compliance, joins from Sesame Bankhall Group, where he worked for 14 years – most recently as compliance operations and oversight manager. Among his new duties he will take charge of […]
FSCS compensates thousands of clients from collapsed DFM
The Financial Services Compensation Scheme has compensated thousands of former Beaufort clients five months after the discretionary fund manager’s collapse, in another round of repayments. Last weekend, 12,000 of Beaufort’s ex-clients were moved across to The Share Centre as their new broker. A first tranche of cash and assets was also returned to clients. Remaining […]
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