Lambeth Building Society has rescheduled its annual general meeting to July 1. The meeting was due to be held last month but was rescheduled because of problems with the mailout to members.
Building Societies are trailing banks in terms of rates offered on Instant Access and No Notice accounts according to the Research Department.TRD analysed the top 20 accounts and found that only 2 were provided by building societies with 13 provided by banks.
The High Court has frozen the assets of IFA Malcolm Peter Millward of Calverton, Nottingham after proceedings were brought by the FSA.The injunction also forbids Millward from breaking the Banking Act 1987, and will remain in place until the final hearing of the case.The FSA alleges Millward between 1994 and this year accepted loans from […]
Virgin Direct have called on the Government to introduce a catmarked personal pension based on the catmarked Isa.The bank is calling on the Government to introduce what it says are strict standards for personal pensions immediately.Virgin Direct chief executive Rowan Gormley says: “The industry howled when Cat standards were first mooted for Isas, but now […]
William M Mercer has criticised financial services industry attempts to turn stakeholder into pseudo-group personal pensions.The employee benefits consultants say it supports the Governments resistance of these industry lobbyists, suggesting that for stakeholder to be successful it needs to return to its original objectives of being simple and low cost.It believes by keeping stakeholder simple […]
Matt Shafer, head of international distribution at Natixis Global Asset Management, tells Ignites Europe how he sees distribution changing in different European markets. Read the full article here:
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Consumer champion Martin Lewis has published a passionate warning about scam advertisements using his identity to endorse investment and insurance schemes. Lewis, founder of Money Saving Expert, has posted a video denouncing a cloud-based trading scheme that claims he invested £500,000 in it. He says in the video: “It is a con, it is a […]
The FCA cancelled the authorisations of more than 200 firms last year for failing to meet “basic regulatory requirements” like paying their fees or filling out regulatory returns. The regulator revealed the figure in an update today, that its Threshold Conditions Team took enforcement action against at least 207 firms for failing such compliance failings […]
Royal London chief executive Phil Loney has said that mandatory advice on drawdown could be a “potential solution” to problems in the market as he hits out at how providers treat non-advised clients. Speaking with Money Marketing, Loney said that the company was worried about how customers in the back books of long-established pension companies […]