Two financial advisers have been ordered to pay a total of 250,000 compensation and given suspended jail sentences for their part in a 2.5m fraud scandal in Northern Ireland.
Schroders has added a cautious fund to the Ucits III compliant multi-manager fund range it developed with fund research and ratings agency Standard & Poors last September.
Norwich Union is has reduced the equity backing ratio of the Provident Mutual with-profits fund from 24 per cent to 10 per cent, saying the move is needed to meet underlying guarantees. At the same time NU is also offering Provident Mutual mortgage endowment policyholders the opportunity to take advantage of future investment returns from […]
Deutsche Bank has appointed Axel Benkner as global head of retail for Deutsche Asset Management (DeAM). Benkner is currently head of DWS Investments in Europe and will continue to be the head of DeAM Europe. In his new role, Benkner will asume responsibility for all of DeAMs retail businesses, including DWS and Scudder Investments, with […]
Earlier this year, Jelf Employee Benefits mentioned that the then minister for pensions was openly discussing the need for an increase in the minimum level of auto-enrolment pension contributions.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]