View more on these topics

Halifax in poaching row

Halifax has been accused of trying to poach clients by financial adviser Keith Miles.

The Monmouthshire Financial Services sole trader has accused Halifax of “thinking it is above the law” because it continued to contact his clients after being told not to do so.

The Burns-Anderson member says he submitted online mortgage applications for clients who were then contac-ted by Halifax general insurance services even though he had not granted them permission to do so.

Miles says in April he was categorically told none of his clients would be contacted but within 48 hours of sub- mitting recent applications, several had been sent mar- keting material regarding ASU insurance.

Miles says: “I cannot understand why this company emp-loys managers who think they are above the law. In my view, they are breaking the Data Protection Act. They said it was because they needed to know the house was being insured, but this is nonsense.”

HBOS General Insurance manager public relations Lucy Cooke says: “We are very sorry that Mr Miles has had reason to complain to us. It is our responsibility as a diligent lender to contact customers to ensure that insurance is in place or is going to be arran-ged by themselves or the broker. We have spoken to Mr Miles and agreed that we will in the future no longer con- tact his clients.”


Dalton in retail debut with India fund

Dalton Strategic Partnership is to offer an India fund next year as part of a new strategy to attract retail money. The company, which was set up in 2002 by a number of former Mercury Asset Management fund managers led by Andrew Dalton, quadrup- led assets under management to 400m in the first eight months […]

Route maps out market for top-earners

London wealth manager The Route Group has completed a restructuring programme which will see it aiming at the top-earner market. Route has a team of four IFAs plus a mortgage, tax and property specialist and has introduced a tier of relationship managers. There is a support function of two research and development staff to assist […]

Dollar deal for Asia currencies

SG Hambros is offering a capital-guaranteed structured product linked to the performance of Asian currencies against the US dollar. The 12-month USD propulsive certificate offers investors 110 per cent of any appreciation of selected Asian currencies against the dollar over that period, with capital guaranteed if the product is held to maturity. The basket is […]

St James’s staff take the plunge

St James’s Place employees and clients have swum the English Channel and raised money for charity Hope & Homes for children. Two relay teams each made up of six staff and cli- ents of St James’s Place star- ted their swim from Folkestone, Kent at 9.30 on Friday morning and got to Calais 12 hours […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm