HSBC is to cut 1,800 jobs in the UK, with the biggest cuts in its credit card and collection operation.
The Government has confirmed that Lloyds Banking Group and RBS will be broken up and parts sold on to new players in the market.
Macquarie Wrap has enhanced its client reporting functionality to enable advisers to measure the performance of assets previously held elsewhere.
Thanks to the Internet, IFAs can now spread the word about their propositions far and wide. Where once advisers wholly relied on word of mouth and maybe the local press, now they are able to reach potential clients from all corners of the country.
Scottish Widows Investment Partnership has announced the appointment of Andrew Tunks as the interim director of fixed income.
Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief. Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place. And that got me to thinking […]
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The Government should make it easier for advisers to sell products that blend income drawdown with insurance to meet future care costs, according to former pensions minister Steve Webb. A paper published today by Royal London calls on the Government to introduce policy changes which allow new products to be created that pay for long-term […]
Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]