New insolvency rules came into effect this week which make it easier for companies to go into insolvency. The Enterprise Act's insolvency section now lets company directors put their firms into administration without entering the court system. It also sets more rigid limitations on how much time companies are able to spend in administration. Additionally, the UK tax authority will have to step in line with other creditors as it is no longer automatically first in line for repayment.
Former Future Mortgages communications manager Richard Hurst is setting up on his own to offer PR and communications support.He is aiming his services at the newer or medium-sized players in the mortgage market. He intends to work on a contract basis and promises to raise his clients' profile significantly.Hurst will advise on all aspects of […]
The FSA is running a series of roadshows for general insurance and mortgage intermediaries. The FSA intends the series of half-day regional seminars to explain prudential requirements for the new regulatory framework, how the appointed representatives regime will be extended, and its consultation on the future reporting requirements. The roadshows take place on 1st October […]
I can't help despairing over product providers, networks, and some IFAs as to whether they will ever learn the most important lesson of running a business – look after your clients and they will look after you.IFAs are continually criticised for poor advice but I suspect that this normally only tends to happen when the […]
Regulation is the most urgent issue facing the UK insurance industry as a whole according to an online poll carried out at the Chartered Insurance Institute conference currently being held in London. The poll of its members showed regulation was of most concern at 23 per cent, followed by the compensation culture at 12.3 per […]
Flexible benefits platforms are becoming increasingly popular, with 80% of employers with more than 100 employees offering some form of flexible benefits scheme, compared with just 11% a decade ago. However, global mobility of employees is on the rise, with nearly 57 million expats predicted by 2017, which can add further complexity to your picture.
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A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]
Studies have found funds can be too big or too small to outperform, suggesting size does matter The assessment of whether to invest in a certain fund is a tricky business. Bearing in mind roughly 90 per cent of active funds do not beat their benchmarks over periods longer than 10 years, the odds are […]
The following sorry verse embodies procrastination on a whole new level: “Hello there, my name’s Phil; I rap like a small bear writing a will [diligently]; Estate-planning, ninja-whooping IHT; Shame I’m not as bizzie [urban affectation] with the RLP.” These words were penned in response to my father’s short verse sent to me, after the […]