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 […]
Advisers will not be eligible to become shareholders in AJ Bell when it floats unless they are a customer of a business, the platform has said. The business is preparing to list on the main market of the London Stock Exchange either in December or early 2019. As part of the listing, AJ Bell is […]
Paraplanning firm Heather Dunne Consulting has gone into liquidation after its principal restricted its pension transfer permissions. Adviser Heather Dunne founded the firm in 2002 to support advisers doing pension transfers and the firm’s biggest client was HDIFA. HDIFA is also run by Dunne but was placed on voluntary suspension in July 2017 when it was […]
HMRC is tightening the screw on tax avoidance involving profit fragmentation Tax avoidance continues to drive Treasury and HM Revenue & Customs activity. Over the summer, the Revenue published responses to its consultation on proposals to tackle schemes designed to move UK business profits outside the charge of UK tax, often using offshore trusts and […]