Many years ago, I worked for a national IFA and found that apart from the customer-facing team of five, the other 20 in my team had no idea what we did. Sure, they filled in forms and sent out letters about pension options but their awareness of us and what we did was zero.
Societe Generale Adequity has brought out the New Energy Protected fund, a capital protected Oeic that applies a constant proportion portfolio insurance strategy to the World Alternative Energy index and cash.
PruHealth was named private medical insurer of the year for service to intermediaries by the Association of Medical Insurance Intermediaries at its AGM last week.The firm was commended for the improvements in its admin and for maintaining service levels while increasing business volumes.Permanent Health Comp-any won two awards for best individual and best group PMI […]
Benchmark Capital, owner of the Fusion platform, the Best Practice network and IFA Aspect8, has taken a 49 per cent stake in fund ratings group Rayner Spencer Mills Research. The deal is subject to regulatory approval. Benchmark Capital, in turn, previously sold a 65 per cent stake to Schroders, with the asset management company upping […]
Investment firm Octopus has launched a tech-focused restricted advice business aimed at new-to-advice customers. Octopus Wealth will offer restricted advice using a range of products and services from within Octopus Group and from elsewhere. It currently has two advisers and is run out of a separate office to the rest of the group. The group says […]
The Pensions Regulator has opened an investigation into a case of suspected pension fraud worth £18m. The regulator believes some 370 people have been scammed into moving their savings into eight supposedly illegitimate pension schemes. In a joint operation between TPR and Essex Police two residential addresses in Essex were searched last week. A business […]