Intrinsic is offering to take on the regulatory liability of the 109 firms, comprising 200 appointed representatives, of Friends Provident’s now closed mortgage network. Friends says the network accounted for 1 per cent of its business and90 jobs will be affected.
‘Cosy working party chats just delays decisions on taking care planning action’
F&C Asset Management is confident that its multi-manager distribution fund has a competitive advantage over other companies which are entering this market as an alternative to with-profits. The distribution fund recently hit the £250m mark at around the same time as Fidelity set up its multi-manager distribution fund. F&C concedes that the market is competitive […]
Skandia has released the final line-up of the UK best-ideas fund, complete with an indication of the asset allocation based on a model portfolio. The fund will comprise 100 stocks and feature the best 10 ideas of 10 UK managers. Axa Framlington has two managers in the fund – George Luckraft and Roger Whiteoak, plus […]
Role of the intermediary: Bradford & Bingley director of distribution Adrian Scott assess the starting turn-round in mortgage distribution over the past decade as brokers have taken the lead
Johnson Fleming employees have raised more than £400 for their chosen charity of the year, CLIC Sargent, with a series of fundraising events.
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It is likely the increased regulatory scrutiny on fund managers’ value could filter down to advice firms in the future In my last article, I considered the influence a non-executive director could have in challenging an advice firm’s business model in light of the pension transfer issues. Now, in its asset management market study final […]
The financial services industry has failed to find ways of nudging consumers to think about their options at retirement, despite three years of pension freedoms. A panel at the Association of British Insurers retirement conference today lamented the way companies talk to people about pensions and the lack of engagement it inspires. ABI director general […]
The new chief executive of the single financial guidance body can expect a salary of £175,000 a year, according to a job advert posted online. The advert, posted on the Cabinet Office website says applications will close in mid-May with final interviews held in early July. The date for announcing the successful candidate has not […]