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.
Insurers are estimating that flood-related claims will hit £2.5bn this summer and economists say the total cost to the affected regions will exceed £3bn.
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 […]
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A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]
Studies have found funds can be too big or too small to outperform, suggesting size does matter The assessment of whether to invest in a certain fund is a tricky business. Bearing in mind roughly 90 per cent of active funds do not beat their benchmarks over periods longer than 10 years, the odds are […]
The following sorry verse embodies procrastination on a whole new level: “Hello there, my name’s Phil; I rap like a small bear writing a will [diligently]; Estate-planning, ninja-whooping IHT; Shame I’m not as bizzie [urban affectation] with the RLP.” These words were penned in response to my father’s short verse sent to me, after the […]