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The Investment Association has appointed seven new board members, including Old Mutual Wealth’s Paul Feeney and BlackRock’s Alex Hoctor-Duncan. The reshuffle of the board sees five people retire and four existing board members re-elected. Joining Old Mutual Wealth chief executive Feeney and BlackRock head of EMEA retail Hoctor-Duncan as new members are Maxime Carmignac at Carmignac […]
HSBC has overhauled its buy-to-let mortgage range and is making the products to non-HSBC customers for the first time. The new range will also see the rental cover requirements reduced from 130 per cent to 125 per cent, and the maximum loan-to-value available on further advances increase from 60 per cent to 75 per cent. […]
Thousands of Lloyds Bank customers have had their personal details stolen following the theft of a data box. The BBC reports that police from the Organised Crime Unit are investigating the theft on 30 July. The data box was stolen from Royal Sun Alliance, which provides home insurance for Lloyds Premier Account customers. Details taken […]
Pension freedoms and regulatory change are driving private equity investment in the advice sector, but experts have raised concerns over what this means for the future of the profession. As private equity firms circle distributors and providers, some are warning their interest heralds further consolidation and more vertically integrated models for the advice market. So […]
We recently wrote about the productivity puzzle and how the UK lags very far behind most of the other major economies of the G7 on this particular measure. There are of course many pieces to this particular puzzle – and a timely report by The Work Foundation highlights how sickness absence plays a part in this issue also.
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Money Marketing has teamed up with Taxbriefs to bring you the definitive guide to the EU’s forthcoming General Data Protection Regulation and how it will affect your firm. Get your free briefing with everything you need to know and stay ahead of the game below. Regulation: Do Mifid II and the GDPR have conflicting aims?
Committee shows particular concern over pension scams The Work and Pensions Select Committee wants evidence on whether there are gaps in the advice and guidance market and if customers are changing their behaviour after getting advice as part of its inquiry into the pension freedoms. The committee announced today it is opening an inquiry into […]
Consolidation in the advice market is just beginning, but there is still a place for small, well-run advice firms. That is the message from Ascot Lloyd Bellpenny chief executive Nigel Stockton, who predicted more private equity firms will also invest in the market. Speaking at the Money Marketing Interactive conference last week, Stockton said: “My […]