Mortgage provider Home of Choice is planning on branching out into pensions and investments. It is looking for a partner to introduce business to with a launch planned later this year.
Norwich Union’s individual pension sales fell to 2.5bn last year from 3.1bn in 2004. Equity-release sales fell to 374m from 478m but collective invesetment business rose by 35 per cent to 1,16bn.
I think the normal way to start some letters is: “I read with interest.” Well, in this case, I shall start: I read with astonished incredulity John Ellis’s article in Money Marketing referring to the PFS/CII code of ethics which encompasses such things as integrity, professionalism, competence, skill, care, diligence and objectivity. Were any of […]
The FSA has pledged to con-tinue its move to principle-based regulation and focus on improving staff training. In its business plan for 2006/07, chief executive John Tiner says the FSA recognises that many firms prefer the clarity of a rule-based approach. But he says the regulator will press ahead with plans to reduce prescriptive rules […]
Success breeds contempt while the unprofitable and inefficient wins favour
At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]
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Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]
Building on auto-enrolment’s success and fine tuning the pensions dashboard are high on the list As I write my first Money Marketing column of the year, it has given me an opportunity to look back on what the Government has done to transform pensions and savings for people since 2010. Five years on from the […]