Clerical Medical Internatio-nal has donned its walking shoes in the recent Isle of Man Parish Walk. The event raised money for charities as seasoned walkers and prof-essionals set about the 85-mile route, starting from Douglas, and took in a scenic tour of the sights of 17 par-ishes across the Isle of Man.
The Master of the Rolls and OFT are at loggerheads over referral fees to organisations, including mortgage firms, with the senior judge branding them “a mistake”. Master of the Rolls Lord Phillips of Worth Matravers (above) says referral fees paid by solicitors to IFAs and brokers could poten- tially damage the profession’s independence and integrity. […]
Private investor network Hotbed claims it has achieved returns of 30 and 84 per cent by selling two commercial property investments. Hotbed raised 6.15m for a warehouse in Milton Key- nes that it bought for 4.7m in June 2004 and 4.5m for a shopping centre in West Norfolk after buying it for 2.45m two years […]
Legal & General is introducing a deferred Sipp and doubling commission on regular-premium business as part of a relaunch of its individual pension suite. A single tiered charging and commission structure will be introduced across its range. In a bid to bring in more attractive individual pension business, the minimum regular contributions to get commission […]
Woolwich Plan Managers has established the capital plus plan issue 8 a guaranteed equity bond which offers a minimum return of 22.5 per cent plus the original capital at the end of the term regardless of the performance of the FTSE 100 index.
Fiona Tait takes a closer look at the Department for Work & Pensions’ forthcoming review of automatic enrolment In December, pensions minister Richard Harrington announced the scope of the DWP’s forthcoming review of automatic enrolment (AE). The review will look at AE coverage, as well as the current thresholds and age criteria. In other words: […]
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Alliance Trust Savings’ new boss must “instil common sense” across the business and start to engage with advisers if they are to salvage the platform’s reputation, IFAs have said. Industry insiders have welcomed news of ATS chief executive Peter Mill’s departure, but say the platform needs to move quickly to fix its service issues. Frustrated advisers are […]
The FCA has said that the Financial Ombudsman Service does not need more guidance on how it should match the regulator’s rules with the complaints adjudicator’s judgments. While the FCA regulates firms according to its handbook, FOS decides on complaints based on a ‘fair and reasonable’ test, that is, whether the claim would be successful […]
The curious goings-on in the world of financial services