“I’ve never wielded an axe in my life.”Bankhall chief executive officer Peter Mann to colleague Richard Howells”It’s like people’s sexuality. There is no black or white, just many shades of grey.” FP Advance’s Brett Davidson on the fees versus commission debate”It always makes me laugh when the waiter comes and asks what you would like to drink. I always say: Lots.” Critical-illness insurance pioneer Dr Marius Barnard”He tends to get even more lively as the night goes on. Annoyingly so, sometimes, like at 3am when you want to go to bed.” Bankhall’s Richard Howells on colleague Tony Murrell’s approach to a night out”You look far too happy.” Burns-Anderson chief executive officer Mike Hughes to MM hackReturning to our much-loved occasional series of lookalikes, we have photographic evidence of Standard Life mutual funds sales director Phil Barker bumping into his doppelganger Mick McCarthy on a recent holiday in Portugal. Barker told the Irish football legend that people say they look alike, leading to a reply of: “Well, we’ve both got grey hair and a broken nose” from McCarthy.
I am involved in dealing with a client who has two individual pension arrangements, one with Legal & General and one with Friends Provident, in respect of the same employment. One fund value is about 240,000 and the other is 150,000. The bigger fund value has the benefit of very attractive guaranteed annuity rates. If […]
A friend and client of mine has a small Prudential pension policy (fund value 1,800). He has just received documents and papers for the commencement of the annuity and the payment of the lump sum. The number of pages in these documents? There were 79. In the immortal words asked of the great George Best: […]
The issue is having wider repercussions as the consumer benefit of the document in its current form is now being called into question. Aifa director general Chris Cummings says the OFT’s decision has sent a clear message that the menu has been skewed against advisers since it was set up when depolarisation was introduced last […]
The Adviser Fund Index panellists would have fared better investing their equity exposure in British shares over the past six months rather than spreading allocation overseas. Just one-third of the 108 Aggressive AFI constituents have posted positive returns in the six-month period to August 9, according to Financial Express. The majority of equity funds in […]
The strong dollar is hurting exporters, but the domestic economy is growing, the banks are strong and consumers are paying off their debts, says Cormac Weldon, head of Artemis’ US team.
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]