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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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]