Lloyds Banking Group chief executive Eric Daniels has waived his right to a £2.3m bonus for 2009, after Royal Bank of Scotland and Barclays bosses last week waived their bonuses.
Prudential’s with-profits fund returned 18.7 per cent gross in 2009, while Aviva’s with-profits fund returned 9 per cent.
The CII has less influence than you might imagine on the exam process. Most of the significant decisions are taken by industry practitioners. The learning outcomes and content are put together with significant input from practitioners and employers. The exam also has to meet the correct level of learning as determined by Ofqual. The interpretation […]
The Committee of Public Accounts chairman Edward Leigh MP says more work needs to be done to make tax reporting for older people more efficient.
The FSA says it has “significant concerns” about the way in which life settlement policies are being brought to market and it has uncovered “major flaws” in the marketing of the products.
By Kunal Desai, Head of Indian Equities The Neptune India Fund’s investment process serves as a key differentiating feature of the portfolio versus its peers, contributing to its significant outperformance under Manager Kunal Desai’s tenure. Focusing on industry disruption, accounting quality, liquidity and corporate governance, Kunal sets out three stocks that he’s buying in the […]
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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 […]