A sub-committee of the Lords European Union committee, is carrying out a short focused enquiry into the proposed gender directive from the EU on equal treatment between men and women in supply of goods and services. Social and consumer affairs sub committee G is looking at the implications of the directive for insurance, pensions and annuities. Treasury Financial Secretary Ruth Kelly will appear before the committee on June 16.
Property is not a substitute for pensions for the vast majority of the population, according to a research paper by the Pensions Policy Institute. Only 10 per cent of UK homes are worth more than £330,000, the level needed for equity release to provide an income of £100 a week, says the report. The PPI […]
New Star Asset Management has established a fettered fund of hedge funds that invests in an actively managed portfolio of New Star hedge funds. The New Star managed hedge fund is an open-ended Bermuda-based fund that aims for a return in the region of 10 to 15 per cent a year. The fund is designed […]
Standard Life, Legal & General and other big product providers are understood to be offering to pay IFAs' professional indemnity insurance in order to be on their multitie panels. Money Marketing understands that some providers are putting together additional business services to offer IFAs as a sweetener to encourage them to take the provider on […]
I recently followed a plumber driving erratically, with his mobile phone number proudly displayed on the van. I rang him from my hands-free phone, commenting that if my driving was as appalling as his I would not want people to have my phone number. I was reminded of this incident when I read Philip Milton's […]
Interview with Simply Class’ first adviser, Elliot Silk.
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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 […]