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 will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]