Lazard has appointed Kenneth Jacobs as chairman and chief executive officer. He was CEO of Lazard North America and succeeds former chairman and CEO Bruce Wasserstein who died in October.
Aviva is to launch a continuous money-back guarantee option for new with-profits investments. The firm says investors who move out of the fund at any point after five years will get back at least the amount they initially invested. The guarantee will be available from November 30, on new investments in the with-profits guaranteed fund. […]
Investec Structured Products – 5 Year FTSE100 Kick Out Plan 8
HSBC’s deals provoked the extremes of dual-pricing among intermediary lenders, says First Action Finance head of communications Jonathan Cornell. At the Mortgage Business Expo, Cornell said if HSBC had not been pricing so aggressively, then other lenders perhaps would not have felt the need to follow their lead. He said: “HSBC is probably causing the […]
FSA managing director of retail markets Jon Pain has warned that caution will be quickly forgotten when the property market recovers. At the Council of Mortgage Lenders’ conference last week, he said the apparent market correction is somewhat of “a mirage”. He highlighted some of the risky practices that could be repeated if market confidence […]
The Pensions Regulator (TPR) has issued its first fines to employers for failing to meet their auto-enrolment duties, along with 163 compliance notices giving employers a deadline to take action.
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The incoming chair of the FCA, former lawyer Charles Randell, has revealed to MPs he invested in a film partnership scheme that has been at the centre of a battle with HM Revenue & Customs. The news represents a fresh blow to the regulator, which has been facing questions over its refusal to publish a […]
What increase in standard lifetime allowance means for clients with fixed protection Mindy has had income for the last three tax years of around £38,000 from her tailoring alterations business. She plans to sell the business and take her pension benefits to fund her day-to-day living expenses when she reaches her 60th birthday in August. […]
Lloyds Banking Group will boost its financial planning and retirement open book assets by more than £50bn by 2020 and is targeting more than one million new pension customers. The group, which includes pension provider Scottish Widows, unveiled its new three-year strategy this morning. The strategy talks of “maximising the group’s capabilities” by increasing financial […]