Legal & General has appointed Malcolm White as manager of its £1.2bn fixed-interest fund, the £969m managed income fund and the £122m monthly managed income fund after Stuart Steven relinquished his role with the funds although he remains as head of the invest-grade team.
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Alliance & Leicester – Five Year Fixed Rate
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Abbey for Intermediaries launches commission based payment package
Abbey for Intermediaries is launching a new commission based payment package for intermediaries selling its Peace of Mind buildings and contents insurance and Paymentcase mortgage payment protection insurance.
Bee believes annuity rule set for KO
The House of Commons may have overturned the Lords’ vote against compulsory annuitisation at age 75 but the issue will take centre stage when the Pensions Commission delivers its final report says pension guru Steve Bee.
10% annual charge for NU non-stakeholder pension
Norwich Union is charging 10 per cent on the first five years’ premiums for its price-busting non-stakeholder pension for the full advice market.
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Legal ombudsman chair to head FCA consumer panel
Current chair of the Office of Legal Complaints Wanda Goldwag has been named as the new chair of the Financial Services Consumer Panel. The independent statutory body – which represents consumer views and reports to the FCA – has been chaired by Sue Lewis since 2013. Goldwag will take up the position from 1 March […]


Collapsed British Steel IFA Active Wealth wind-up fees near £56k
The administrative cost of winding up collapsed British Steel IFA Active Wealth has come to £55,765 according to an update on Companies House. In February 2018 Active Wealth went into liquidation and attracted attention for its role in advising members to transfer out of their final salary schemes at British Steel. The update from liquidator […]
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