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:
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AJ Bell saw assets under administration increase by 25 per cent to £39.8bn in 2017 for the 12 months ending 30 September 2017. In 2016 AUA was £31.8bn. The business also reported a 29 per cent increase in profit before tax to £21.7m (2016: £16.8m). AJ Bell says the increase in AUA was largely driven […]
Standard Life Aberdeen’s investment arm has seen outflows continue, latest results show, but the newly merged investment giant has benefited from an uplift from its pensions and platforms businesses. For the nine months to September, Aberdeen Standard Investments assets under management dropped from £580.6bn to £569.7bn, with company noting that market conditions “remain challenging.” This was offset by […]
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