HSBC has lost a disk containing personal details of 370,000 customers after sending it via unregistered mail to Swiss Re. It includes customer names, dates of birth and health information but not addresses or bank account details.
It is important that advisers consider the changes to capital gains tax in respect of the bond versus mutual fund debate. In Money Marketing recently, Ian McLeod’s article attempted to shed some light on this. However, it is not surprising, for a represen-tative of a company selling a vast amount of bonds that his table […]
10-Year Fixed Rate
The Alternative Investment Association and the Managed Funds Association have announced plans to work together on key industry initiatives.The move would see the two leading hedge fund associations in the world participate on each others board, develop shared initiatives and work on educational seminars.AIMA chairman Christopher Fawcett says: “AIMA and MFA are seeking closer cooperation […]
SimplyBiz and Mortgage Next have hit out at an open letter to brokers signed by mortgage clubs and networks, suggesting its support for lenders shows a lack of loyalty to brokers and borrowers.
March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]
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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 […]