Investors who bought into traded life settlement policies through Managing Partners Limited face a stark choice between staying in the gated Traded Policies fund or moving to an alternative fund that they have to stay invested in for at least five years. MPL has launched a new fund for investors after the firm placed a […]
The pension annuities revolution has come as a surprise to most advisers and the need to think through the implications for both clients and firms is pretty urgent. Of course, there is a whole year until the full impact of the changes hits in April 2015 but clients need guidance in the meantime. What is more, the interim […]
Cofunds has posted a pre-tax profit of £4.2m for 2013, a drop of 16 per cent from the £5m pre-tax profit posted in 2012. The platform was acquired by Legal & General in May. It says as part of the acquisition it is targeting annual savings of £11m by 2015. Turnover increased by 7 per […]
Protection advisers are struggling to arrange life cover for borrowers who have bought through Help to Buy 1. Under the first phase of Help to Buy, which launched in April 2013, borrowers with a 5 per cent deposit hoping to buy a new-build property can secure a Government loan worth up to 20 per cent […]
Graeme Robb, Technical Manager at Prudential looks at the key duties and responsibilities of a trustee. This article will consider the following: Duties to be performed on appointment Investment duties Protecting the interests of beneficiaries Keeping accounts and records Distributing property to beneficiaries Duties to be performed on appointment Obtain a copy of the trust […]
Welcome to the fourth instalment of our good life gurus series. We talk to IFA’s Kathryn and Alan Knowles to find out how they got started with an exercise regime and how a healthy lifestyle helps them with work-life balance.
The FCA has announced a project to better understand how its rules affect smaller firms, including financial advisers. The regulator published a note today informing firms that it would soon conduct a survey to specifically identify how FCA rules impact them, to “help ensure FCA cost benefit analyses and judgements of proportionality take account of […]