Manchester IFA Carpenter Rees Jackson has been bought by insurance broker Community Broking Group for £720,000. CRJ, which advises high-net-worth individuals and corporate clients, had a turn-over of £587,000 in the year to November 2003.
Mortgages plc is to be sold by majority shareholder Nikko Principal Investments. The sale will involve all Mortgages plc's group companies, including Genesis. Nikko has entered into negotiations with a global financial institution and has granted a period of exclusivity to allow the institution to go through a process of due diligence prior to completing […]
The Diary would like to thank Intelligent Marketing for its misspelling of the name of the chimp-in-chief of this esteemed organ. A communication addressed to Jim Nappin caused a ripple of amusement across the newsdesk this week. Other misnomers have included mail addressed to MM journos past and present Adrian Cummidge and Corey Bowels. Keep […]
The letter from Colin Langton headlined, LIA plan for move to fees would seal fate of IFA sector, attributes incorrect views to the LIA. I am afraid there has been a bit of confusion about reports of our submission to the FSA. The LIA's submission to the FSA can be seen in full on our […]
The IFA industry's two leading trade bodies are merging to form a group of 25,000 advisers. The Life Insurance Association and the Society of Financial Advisers will join together to form a new company. Members will be separately constituted. Click here to take our merger poll
New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology