Recommended

Business-People-Walking-Motion-Leaving-700x450.jpg

Towry investment head leaves after Tilney Bestinvest deal

Towry head of investments Andrew Wilson will leave the firm this year following its acquisition by Tilney Bestinvest. Wilson, who help with the transition of duties in the coming months, has been with the firm since 1994, when it was John Scott & Partners. Since 1996, when he was appointed investment director, Wilson was responsible for multi-manager […]

Portfolio-Bonds-Investment-Business-700x450.jpg

Equity release lender shelves product over affordability checks

Equity release lender More2Life has withdrawn its Interest Choice interest-paying product due to affordability checks brought in with the Mortgage Market Review. The lender told Money Marketing sister publication Mortgage Strategy the tests had a “negative impact” on the product. Lifetime mortgages that involve consumers paying interest became subject to affordability checks under the MMR […]

1

FCA sets out Pension Wise standards for secondary annuities

The FCA has set out the standards Pension Wise staff should be expected to meet when giving guidance to people considering selling their annuity. The consultation paper, released today, follows the Government’s move to extend access to Pension Wise to those thinking about selling their annuity when the secondary annuity market is introduced in April […]

1

FCA’s Gabriel systems hit by IT outage

The FCA was hit by a widespread IT outage on Friday which affected its regulatory reporting system Gabriel. In a statement, the regulator says most of its systems are now operating again following a “physical hardware incident” at a supplier’s data centre.” The FCA says: “We put in place our recovery arrangements and they have […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment