The FSA has set up a retail savings regulatory steering group to help ensure its retail initiatives are coherent and deliver a more principle-based approach to meeting its statutory objectives. Members include Standard Life’s Trevor Matthews, Which?’s Doug Taylor and On-line Partnership’s Stanley Lovell.
Bright Grey is expanding its sales team by appointing four new sales consultants on its face-to-face team. Formerly at Scottish Life, Jeff Nail has been appointed partnership manager to cover specialist protection brokers in North and West London areas. Simon Matthews has also been appointed partnership manager to cover specialist protection advisers in Leeds, North […]
Child trust funds can be a tidy nest egg if people take the time to invest wisely.
Credit Suisse is removing the initial charge on lump-sum investments into its multi-manager funds until the end of April.
Prudential has sold its UK banking business Egg for £575 million to Citigroup and has agreed a distribution agreement with the Group.The sale was announced this morning and is due to complete by the end of April 2007.Citigroup and Prudential have a UK distribution agreement through which Pru will provide life and pensions products to […]
By Kunal Desai, head of Indian Equities, Neptune India is officially the world’s fastest-growing major economy and remains firmly on track to become the third-largest economy by 2030, overtaking Japan and Germany. As an accelerating labour force combines with increasing labour productivity, is India getting too big to ignore? Click here for full article […]
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Providers are reviewing their marketing packages to advisers at conferences and on websites amid concerns they will fall foul of new inducement rules under Mifid II. Mifid II, which came into force on 3 January, brought in more stringent rules around “non-monetary benefits” from providers to advisers. The rules have been translated into the FCA conduct of […]
A misleading headline rate of unemployment means opportunities are being overlooked by investors
The FSCS is budgeting an extra £3.5m to cover the cost of running the scheme this year. The management expenses levy, which is used to cover the cost of administering the scheme separately from any compensation payments made, proposed for 2018/19 by the FSCS today is £77.7 million, up 5 per cent on the previous […]