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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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 […]