Towry Law is launching a “renewal buyout scheme” which will allow its advisers to forgo renewal commission and opt for a cash lump sum. The IFA says the move is in response to market and regulatory forces which has led to reduced initial commissions. It also believes the move will help retain its advisers. Towry […]
DBS is starting its annual MaximIsa marketing drive following its successful campaign last year, which pulled in £51m of business for its members. Last year, more than 7,000 people took out Isas based on recommendations by DBS and the company is hoping to generate a similar response this season from its campaign costing £10,000. The […]
The internet is, above all, a mechanism for the dissemination and distribution of information. The internet allows information to flow both ways in a way that TV and paper-based information does not. Effective use of the internet allows not only the transmission of a message to the masses but it also allows the masses to […]
Share values in the Edinburgh UK Tracker Trust, which tracks the performance of the FTSE All-Share Index, fell over 2000. The net asset value per share fell by 7.5 per cent to 266.95p from 288.71p while the FTSE Al-Share Index fell by 8 per cent. The share price fell by 14.8 per cent to 259.5p […]
A quarter (23 per cent)* of the UK’s small to medium-sized enterprises (SMEs) do not have an absence management system in place, according to new research from Jelf Employee Benefits. Despite 69 per cent* of organisations having a system in place, three-quarters (75 per cent) report that it is not providing them with sufficiently empowering absence or health data to inform an effective wellbeing programme.
The proposed FCA directory that will include advisers’ details could see more people finding “bad advisers”, according to adviser review site VouchedFor. A LinkedIn article by VouchedFor chief executive Adam Price says this is because the regulator’s consultation paper pitching the directory suggested little around underlying adviser checks being substantively improved. In the article, Price says: […]
A pension company that invested in storage products with investors’ savings has been ordered into liquidation by the High Court. Kent-based Chartwell Trustee Pension Solutions was the sole trustee of the Pinnacle Pension Scheme. Chartwell amassed in excess of £4.8m of members’ pension funds following an apparent cold-calling telesales operation. Members were told to expect 8 […]