Leeds Building Society has launched subsidiary Leeds Financial Services Overseas as an appointed representative of Tenet’s Interdependence network to help service the expatriate community with UK-based financial advice.
Norwich Union has announced protection price cuts across its mortgage, life insurance and term assurance range.Almost 90 per cent of NU’s MLI premiums can now be found amongst the top three providers, compared to 59 per cent before the re-price.Consumers taking out MLI and term assurance policies lasting longer than the traditional 25 year term […]
The FSA has banned Powell Price director Nigel Layton after finding him guilty of failing to pass on premiums to insurers and leaving clients uninsured.It says: “Layton knowingly and deliberately accepted clients’ insurance premiums which he failed to pass over to the relevant insurers and intermediaries, leaving at least 16 clients uninsured.”The FSA says Layton […]
The FSA has reinforced its warning that the UK sub-prime market could go the same was as the US market and that lender vulnerability is beginning to show through.
Advisers do not run the risk of conflicts of interest by receiving shares in a wrap, according to Helm Godfrey managing director Bruce Wilson.At the MM retirement planning summit in Nice, Wilson said he chose to use the independent Nucleus wrap rather than a provider-sponsored offering because there are no guarantees that a provider-led wrap […]
The manager of the Artemis Strategic Assets Fund explains why he is holding onto his (expensive) bond shorts and unusually is keen to buy equities.
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]