Montpelier has increased its shareholding in Millfield from 10 per cent to 14.76 per cent, making it the second-biggest shareholder behind Amvescap with 21.5 per cent.
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De-linked MPPI product launched by Charcol
A de-linked mortgage payment protection insurance product has been launched by MPPI specialist Genworth Financial and broker John Charcol.The pair claim the product is 37 per cent cheaper than the market average, while pay-outs are also backdated to the first day of the claim following a waiting period of 30 days unlike the majority of […]
Principle approach will fail in retail sector, says Sergeant
The FSA’s principle-based regulation regime is unlikely to work in retail financial services, says former FSA managing director Carol Sergeant. Sergeant, who was John Tiner’s main rival for the job of FSA chief executive and is now Lloyds TSB chief risk director, told the Building Societies’ Association conference in Manchester last week that a prin-ciple-based […]
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Intelligent thinking
In the past 18 months, Intelliflo has become one of the fastest-growing client management software providers in the adviser market.
Rights and wrongs
Measures designed to prevent the abuse of personal information are not working
Pension freedoms: stop the scams
At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.
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SJP plans 10-day blackout for replatforming
Advice giant St James’s Place will block access to its investment platform for 10 days while it migrates services to a new provider. SJP tells Money Marketing that the work will affect online service ability for clients between 19 October and 29 October. A spokesman says: “SJP will carry out essential maintenance to our systems as part […]
Can advisers really beat the market downturn?
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
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Tom Hegarty: Should paraplanners be Level 4 qualified?
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]