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Hiscox moving to Bermuda

Lloyd’s of London specialist insurer Hiscox is moving its operations to Bermuda to benefit from lighter regulation and lower taxes. Chairman Robert Hiscox criticised the UK’s heavy regulation.


Sumus takes over FSAS

Falcon parent company Sumus has bought the network Financial Services Advice and Support Limited for a fee of up to £2m. FSAS is based in Dunfermline and has over 160 IFAs and mortgage advisers operating within 54 active appointed representative businesses. The network has 60,000 clients, with around £700m assets under advice and an estimated […]

Cirencester stays close to its roots in rebranding

Income protection specialist Cirencester Friendly Society is rebranding. The society, originally known as the Cirencester Conservative Association Working Men’s Benefit Society, was founded in 1890 to help safeguard the financial stability of agricultural workers in the Cotswolds. The new logo aims to stay true to this history while presenting a modern face as an income […]

Flat prospects

A cautionary tale about people’s desperation to get on the property ladder

Firm fined £182k over pension unlocking

The FSA has fined Braemar Financial Planning £182,000 for systemic failings in its sales processes for pension unlocking. It found that between November 2002 and November 2005, Braemar persistently failed to collect sufficient information about their customers before making recommendations and failed to explain all the alternative options.


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