Legal & General is boost personal pension plans by offering the equivalent of double the first month's contributions to all new customers. The offer is available to individual, executive and group personal pension plans until the end of the current tax year in April.
Coventry Building Society has rejected a move by butler and self-proclaimed carpetbagger Michael Hardern to become a director of the building society to force its conversion to a listed company.Hardern has stepped up his campaign to compel the biggest building societies to convert to banks. He is targeting seven societies this year: Britannia, Chelsea, Coventry, […]
The PIA is expelling Bhayani Insurance Brokers of Middlesex from membership and fining N W Brown & Company of Cambridge £4,000 over pension review failings.It says it is taking disciplinary action against both firms because they have failed to take all reasonable steps to meet the December 1997 deadline to complete 90 per cent of […]
IFAs are united in their belief that the euro will have no immediate effect on the retail financial market unless or until the UK joins the single currency.They say that although the euro has already shown signs that it could be as strong as the US dollar it will have very little influence on IFA […]
Consultants Arthur Andersen have launched a new retail financial services arm to help life offices, banks and lenders refine their business strategy.Senior manager Tim Clayton-Ball says that a significant part of the new unit's work will focus on the IFA distribution channel particularly on the insurance side.The new arm will help companies co-ordinate their existing […]
By David F Lafferty, CFA, SVP – Chief Market Strategist Thursday’s historic Leave vote in the UK will have both immediate and long-term consequences for the global economy and financial markets. The initial flight-to-quality reaction across asset classes has been exacerbated by the market’s misplaced confidence in a Remain victory leading up to the vote. Stock markets […]
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Three fund selectors give their views on choosing passive funds, blending, and investor suitability
The youngest ever fellow of the Personal Finance Society has moved to a new advice firm. Vito Faircloth gained the accolade last year at the age of just 22. He became level four qualified in August 2015 before taking additional exams with the professional body. Chief executive Keith Richards described the achievement as “truly remarkable”. […]
Providers are calling on the Work and Pensions Select Committee to tackle the advice gap and tax on pension withdrawals in its review of pension freedoms. The committee said last month it was opening an inquiry into whether the pension freedoms are achieving their objectives and if policy changes are needed. In its submission to […]