Bestinvest founder John Spiers has brought an end to months of speculation surrounding the company by selling a large portion of his majority shareholding to global private equity and venture capital firm 3i.The deal, for an undisclosed sum, will see the firm take a majority holding in the business, with Spiers retaining a stake and […]
Pioneer Friendly Society has announced it will remove the final two exclusions, war and HIV, from its Pure Protection contract. The move, which follows a range of policy enhancements introduced in January, makes Pure Protection one of the few income protection policies in the market with no standard policy exclusions. Chief executive Andy Chapman says: […]
Standard Life Bank has become the latest lender to confirm it will be axing its exit fees from July 31.A spokeswoman says: “Standard Life Bank can confirm that as from 31 July new mortgage customers will not be charged a Mortgage Exit Administration Fee when they redeem.”Standard Life Bank previously charged £230.This follows Cheltenham and […]
In this brief video, Trevor Greetham, Head of Multi Asset at Royal London Asset Management (RLAM), introduces the Global Multi Asset Portfolios (GMAPs), touching on the distinctive investment approach used to manage asset allocation across the funds.
Almary Green, the advice firm led by industry veteran Carl Lamb, is in sale talks with Smith and Pinching Financial Services, Money Marketing understands. One source tells Money Marketing Almary Green staff have visited the Smith and Pinching offices, and that there have been discussions around a merged firm being floated on AIM. The Norwich-based […]
A weekly account of the curious goings-on in the world of financial services Locked out While WSJ correspondents were kept very busy at Money Marketing Interactive in Harrogate last week, there was still plenty of time spent in the bar with industry friends. So came about the story of Aegon director of new business, Martin […]
The FCA is analysing information from 40 firms about their adviser recruitment processes and what quality checks are in place on the advice they give. Earlier this year, Money Marketing revealed that the FCA sent letters to a sample of firms asking about training, competence and hiring records for staff. A Freedom of Information Act request […]