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Correspondent's Week
“Ethiopia. I'm going to Ethiopia. Why?” This was my initial reaction when I was pre sented with a trip to this African paradise. But what could this former war-torn, famine-plagued corner of East Africa have to do with the financial services industry in the UK? Let's get this straight from the start. Ethiopia has nothing […]
Executive stress
I am a 60-year-old director of a company. My executive pension plan has just matured. I noticed a performance comparison in the financial press where my insurance company shows what returns it would have given on a policy similar to mine. The returns it quotes are much more than I got. In fact, I paid […]
Yorkshire taking the 'moral high ground' to gain edge on rivals
Yorkshire Building Society's customer promise to its one million members marks an escalation in the competition between lenders. Last week's move raises the stakes from a war on price to one covering principles and service. Communications manager David Holmes says: “This is the next stage of proving what a mutual can do. “For the last […]
Berry Birch profits slump as Moores Marr takeover fails
A failed attempt to buy rival IFA firm Moores Marr Bradley contributed to sharply reduced six-month profits at Berry Birch & Noble. Profits plunged to £177,000 for the half-year to July 31 compared with £355,000 for the same period last year, a drop of more than 50 per cent. Berry Birch & Noble paid £141,000 […]
Bonds in 2017: Stick or twist?
Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]
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FSCS to pay back 2,700 clients of collapsed DFM Beaufort
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 […]
Profile: Fiducia on really knowing your clients
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 […]
FCA warns over advisers giving ‘inadequate information’ to DB transfer specialists
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 […]
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