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Novia

Novia profits rise towards £1m for 2012

Novia recorded pre-tax profits of £968,414 for 2012, compared to £106,626 the previous year.  Chief executive Bill Vasilieff says the platform’s relationship with Aegon helped it build revenue growth, up by 26 per cent from £13.4m to £17m. He says: “The continuing development of the relationship with Aegon and the underlying capabilities give it a […]

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Lib Dems eye CGT and pension tax rises as they target those on £50K+

The Liberal Democrats will push major tax reforms to capital gains, pensions and housing to pay for increases to the personal allowance as they flesh out their manifesto for the next general election. A briefing document to LibDem MPs, which was also sent to journalists by mistake, also says the party would look to target those […]

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FCA’s Poyntz-Wright attacks ‘murky’ pre-RDR distribution deals

FCA long-term savings and pensions director Nick Poyntz-Wright has criticised providers and advice firms for agreeing “murky” distribution deals in the run-up to the RDR. The FCA this morning revealed two firms have been referred to enforcement following a thematic review of 80 service or distribution agreements from 26 insurers and advice firms.  The regulator […]

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Did Peter Hargreaves have a Gerald Ratner moment?

While promoting the virtues of Hargreaves Lansdown’s execution-only model earlier this month, did co-founder Peter Hargreaves have his own Gerald Ratner moment when telling national journalists the best adviser people could have is themselves? The co-founder of Hargreaves Lansdown was quoted in the Daily Mail discussing the fact that banks were no longer trusted by the general […]

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