Swiss Re’s annual industry protection report reveals that the life assurance protection gap remained static at £2.3 trillion in 2005/6 for the first time ever but the income protection gap grew to £170bn.
The FSA’s principle-based regulation regime is unlikely to work in retail financial services, says former FSA managing director Carol Sergeant. Sergeant, who was John Tiner’s main rival for the job of FSA chief executive and is now Lloyds TSB chief risk director, told the Building Societies’ Association conference in Manchester last week that a prin-ciple-based […]
Aifa is urging the FSA to avoid imposing Mifid requirements on IFA firms. The regulator is telling companies to exploit opportunities presented by the Mifid directive, such as cheaper passporting of services throughout the European Union. But at a London conference last week, FSA managing director Hector Sants said firms should not underestimate the costs […]
Our client is a leading video game and publishing company best known for its console role-playing game franchises. The client provides a number of benefits, at varying levels and cost that attract a P11d liability. With the absence of a management log to track data for benefit movements, enormous administrative and therefore cost implications were occurring each year just to comply with P11d reporting requirements.
The CII’s new reassessment exam has increased focus on how advisers maintain competency, yet just 57 per cent follow a process Each month, our New Model Business Academy surveys its members on hot topics. With the recent introduction of a reassessment exam from the Chartered Insurance Institute and FCA, last month we looked at the […]
St James’s Place has named Emma Hunt as head of responsible investing in a bid to expand its responsible investment offering. In a statement the company says the hire is part of a strategy to engage more of its partners and clients in its responsible investment work and enhance SJP’s stewardship capabilities. The wealth manager […]
An unauthorised company calling itself Vanguard Investments is trying to scam investors, the FCA has warned. The authorised asset manager Vanguard Investments UK is part of Vanguard group, one of the largest fund managers in the world with around $5.1trn of assets under management. The cloned firm was listing a similar physical address to that […]