St James’s Place chief executive Mark Lund has quit in what SJP calls a joint agreement. He joined SJP three years ago and became chief executive in September 2004. He is leaving with an estimated 4m payoff.
A former DBS member is taking Sesame to court over an indemnity clause in his contract.Richard Stock is suing Sesame for debiting 1,600 from his account to compensate for an alleged endowment missale.Sesame is defending its stance and citing clause 9.1 in its contract which says “in the event that [DBS] suffers or pays any […]
Trigold has signed Scarborough as the 23rd lender to support its enhanced non-conforming sourcing module.Scarborough Specialist Mortgages offers a service to the non-conforming lending arena providing a product range including prime to heavy adverse, including specialist buy-to-let and adverse buy-to-let. ENC ensures that lenders’ individual underwriting criteria are included in the system and products are […]
The independent Complaints Commissioner is investigating the FSA’s handling of a complaint against a Colonial Mutual subsidiary that was not authorised for nine years.Last August, Money Marketing revealed that a county court had upheld a complaint over an endowment policy sold by Colonial Mutual UK Holdings Group on the basis that the firm was not […]
Aifa warns insurance brokers that no change on watchdog funding could rebound on them.
Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.
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There are numerous trip hazards with carry forward but more clients will want to be looking at it Many believe the annual allowance will be fair game for the chancellor soon, as one of the least painful and least complex reductions in cost to the Treasury. As such, the need to contribute while clients can and […]
The world is a challenging place for a traditional one-man (or -woman) band Increased regulation and rising costs are leading to a growing number of mid-sized adviser firms. Sole trader and two-handed businesses are becoming rarer as changing rules and client demands present a greater challenge for smaller firms. Between compliance, technology and the implementation […]
Thirty-six months is a short time in pensions. Before April 2015, few could have predicted that compulsory annuitisation would come to an end and the door to full withdrawals would be swung open. As the pension freedoms reach their third birthday, it is worth weighing up the evidence to date. Let’s start with the good […]