Scottish Widows Bank head of product development Murdo McHardy left the company last week to take over as head of mortgages at Intelligent Finance. He starts his new role on October 30.
Norwich Union paid out over 80m for claims on critical-illness policies last year, representing an increase of 23 per cent on claims paid in 2004. The declinature rate was 23 per cent, with 12 per cent of claims turned down due to non-disclosure and 11 per cent due to policy conditions not being met. The […]
What are the tax implications when beneficiaries agree to pay premiums under a trust held for their benefit?
Lloyds TSB has rebuffed a joint approach from Axa and Swiss Re for its subsidiary Scottish Widows. It is understood that the two European insurance giants’ £8bn break-up proposals, which would have seen Axa take over the bulk of Scottish Widows, incl-uding Swip, and Swiss Re buying its closed life book, were rejected at an […]
Lighthouse Group has joined the Financial Services Skills Council. The FSSC will work in partnership with the group to provide training, education and skills development for its advisers.
By Kacper Brzezniak Every year, starting around November, investment banks (and fund managers) begin to drip out their outlooks for currencies, rates, economies, you name it, for the following year. The consensus has been largely wrong for the past four or five years; those multiple rate hikes never came, the bond market is still alive […]
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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 […]