Skandia Investment Management chief investment officer Clive Hale has resigned from the company, saying he wants to spend more time with his family. He is being replaced by Hargreaves Lansdown investment director Alan Durrant, who will join SIM once the FSA has approved his appointment. Hale's regulatory responsibilities will be taken on immediately by group investment director Jim Roberts, with support from Jason Collins, deputy chief investment officer.
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Rating firm checks out Standard Life solvency
Standard Life's true capital position is “significantly weaker” than the company has claimed and the industry believed, says rating agency Fitch. The report – Reality Check: Is Standard That Poor? – warns that the plans to raise £750m in hybrid debt will be costly and that Standard's days as a mutual are numbered. It says: […]
Underwriting success
There used to be a story told at direct-sales conventions comparing a life office with a car. In the driver's seat, with a maniacal grin on his face, sat the sales director, his foot hard down on the accelerator. In the passenger seat, the finance director was frantically stretching over to put his foot on […]
ABI welcomes international accounting standards
The ABI has welcomed the introduction of a new international accounting standard for share-based remuneration announced by the International Accounting Standards Board. ABI head of investment affairs Peter Montagnon says: “Share-based remuneration is not a free lunch. It involves substantial cost, and investors firmly believe that it should be charged to profits. We congratulate Sir […]
Nationwide Building Society – Five-Year Tracker Mortgage
Type: Tracker mortgage Tracker term: Five years Tracker rate: Up to 95% of valuation - Bank of England base rate plus 0.74%, up to 90% of valuation - Bank of England base rate plus 0.34 %, up to 75% of valuation - Bank of England base rate plus 0.24 % Payable rate: Up to 95% […]
Guide: how to… certify your pension scheme
Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.
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Can a healthier body really lead to a healthier mind?
There are growing signs that positive lifestyle decisions taken now could lead to positive effects on mental capacity in later life. Vitality’s Deepak Jobanputra examines the emerging evidence.
Amyr Rocha-Lima: Why HR officers should be your next business relationship target
Being the dedicated adviser to the employees of local businesses will boost your reputation and grow your firm Taken at face value, the roles of financial planner and HR officer may not appear to have much in common. Yet, the two can dovetail perfectly in some situations. The most obvious benefit is when it comes […]
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Are DFM deals really taking risks off advisers?
Advisers must be able to trust their discretionary fund manager as decisions that backfire could still be the advisers’ responsibility, experts say. In the latest edition of Money Marketing’s series of live debates, MM Wired, gbi2 consulting director Graham Bentley, Signpost Financial Planning chartered financial planner Nigel McTear, Charles Stanley senior investment manager Will Walker-Arnott […]