Internet trading platform IFonline has signed up Bank of Scotland and Halifax subsidiary The Mortgage Business as the latest product providers on its system. IFAs logging on to the platform are now able to submit online mortgage applications for both lenders but IFonline says it does not yet know if Halifax intends to sign up. IFonline is due to announce next week the signing of the 50th lender on the platform capable of processing online loan applications.
Co-operative Insurance Society says its stakeholder pension offering will be one of the few products to offer a with-profits fund option with the facility to waiver premium and life cover. CIS's stakeholder scheme lets people choose from a range of funds including with-profits, UK growth, European growth, Environ, US growth and FTSE all-share index tracker. […]
The FSA's consumer guide to financial advice has stoked IFA fears that itis steering consumers towards execution-only and direct distribution. The guide, published this week, features a decision tree for consumers todetermine their need for advice. It asks if the individual is clear onbasic financial aims followed by two branches, which both steer to thedirect […]
I attended a recent presentation at work about stakeholder pensions andwould like to start investing in one. However, although I am 30 years oldand a higher-rate taxpayer, I feel that I cannot afford to pay in anythingin at present as I would have to cut back on my current non-essentialexpenditure in order to be able […]
National IFA Inter-Alliance has appointed Prudential sales director JohnProut to its board as an executive director with a business developmentrole. The move follows Inter-Alliance's recent acquisition of Pru's salesforce. Prout, 49, will take up his position on the board towards the end of thesummer. He has been with the Pru for 14 years in sales […]
Research from Jelf Employee Benefits and retirement workshops specialist LaterLife Learning shows that one in two employers could offer their older workers greater remuneration flexibility so that they can benefit from the new Freedom of Pensions rules.
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
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