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 rise in IHT takings has prompted complaints around the new residence nil rate band’s impact
The Association of Investment Companies will not be hosting the new key information documents on its website saying to do so would be irresponsible. Since 1 January, Priips legislation has meant advisers have to publish a stand-alone, standardised KID to their client including performance scenarios, risks, and the total cost of products. However, trade bodies […]
The Financial Services Compensation Scheme has paid out £5.7m so far to nearly 800 customers of collapsed discretionary fund manager Strand Capital. The payments were made to 796 investors over the past two weeks. The payments related to client cash only. The compensation was paid directly into customers’ self-invested personal pensions. An administrator’s report published in […]