Lexicon Group has approached former Hamptons Mortgages compliance director Paul Williams following his resignation last week. Hamptons is expected to announce who will replace former managing director Kevin Duffy in the coming weeks.
Price comparison website Moneysupermarket.com has come under fire for listing Virgin Money’s cancer cover as one of the cheapest joint life and critical-illness policies.Highclere Financial Services partner Alan Lakey says people searching for cheap joint cover might buy Virgin’s policy assuming it insures against a range of critical illnesses, not just cancer.Virgin’s product only pays […]
The FSA’s discussion paper on the RDR has received much deserved attention on these pages but its younger and far prettier sister, the discussion paper on platforms, is in danger of being neglected.This would be a shame because the paper contains some excellent insights into this new and rapidly growing sector. In our view, it […]
Scottish Provident has introduced the ‘source of funds’ concession for self-assurance term business, in line with anti-money laundering guidance. The concession removes the need for advisers to complete an introduction verification certificate. Where the concession is not available, for example, if premiums are paid by a third party, the simplified, one page IVC can now […]
By Felix Wintle, Manager of the Neptune US Opportunities Fund H1 2014 Economic data: after last year’s strength, economic data has disappointed. Indeed, the economy contracted 2.9 per cent in the first three months of the year — the US economy’s worst performance for five years. However, rather than a symptom of underlying economic weakness or […]
The government will not rush into a “single saving intervention” for self-employed workers because such a move could be counter-productive, Pensions minister Guy Opperman says. In a letter to work and pensions select committee chairman and MP Frank Field, Opperman says testing and understanding what works is critical to any good intervention. Opperman was responding […]
St James’s Place is positive about the growth of its 250-strong academy despite reporting a loss in its advice arm for 2017 earlier this month. The restricted advice giant posted a loss of £35.4m for 2017, an increase on the £24.8m loss in 2016. A breakdown of SJP trainees provided to Money Marketing by the […]