Mortgage brokerages John Charcol and Alexander Hall are both more than a month late in filing their accounts to Companies House. Both firms were due to file 2008 accounts on October 31, 2009 but have not yet done so. Last year, John Charcol’s directors pumped £2.1m into the business on top of the £1.5m put up in 2007.
A Cheltenham & Gloucester branch manager has been jailed for a year for stealing £40,000 in customers’ mortgage repayment cheques and paying them into her own accounts. Irina Bartlett, 37, who worked at C&G’s Beast Market Hill branch in Nottingham, admitted a series of theft charges when she appeared before Nottingham Crown Court. The court […]
The Association of British Insurer is rebranding and standardising the total permanent disability definition as part of its statement of best practice for critical illness cover.
The FSA has banned mortgage broker Noel Heaney, trading as Heaney Finance, after identifying wide-ranging management and control problems across his business and for failing to treat his customers fairly.
The Consumer Protection Insurance Engagement Campaign has failed to raise the funding to take its plans forward after providers feared online aggregator sites would attract most new business as a result of a campaign. A report into the reasons why the 22 insurers and reinsurer failed to back the initiative shows IFA-focused providers feared the […]
By Steve Webb, director of policy The British obsession with homeownership can have dangerous consequences. A recent survey by Barings¹ found that up to three million people of working age were planning to rely wholly on the value of their home to fund their retirement. We are not talking about people investing in buy-to-let or […]
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Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]
Beaufort Group is planning to add three more firms to its network with one deal expected to finalise next week. Chief executive Andrew Bennett says the other two small to medium-sized firms are expected to join “imminently”. In January, Beaufort Group added Statehouse Group as an appointed representative. The firm is now called Beaufort Financial […]
Significant gilt weightings continue to be recommended, despite concerning signals on their risk Government bonds play a pivotal role in a balanced portfolio; there are very few assets that provide the diversification benefits gilts can bring. So often over the last 30 years, when equity markets have zigged, bond markets have zagged, thereby smoothing return […]