I keep hearing people in the industry saying that “we accept major change has to take place ” Why? I am the first to believe that if we can get to an improvement on current arrangements, then we should do that. But why do we have to have change for its own sake?We currently have a […]
Homeowners Investment Fund Managers is this week launching its equity ISA, allowing investors to save up to £7,000 per year tax-free.The mini ISA allows savings of £30 per month or a lump sum of £500, up to a limit of £3,000 and between £500 and £7,000 per year in the maxi ISA.The ISA invests in […]
The Exchange is offering a comparative quotation service that enables IFAs to compare pension products and providers on retirement benefits, fund values, charges, transfer values and product features.The service gives compliant customer-specific quotes and illustrations for individual pension products and is supported by Clerical Medical, Friends Provident, Norwich Union, Scottish Mutual, Skandia and Standard Life.
“No, it has been around a long time, I have been using Scottish Life for 20 years or more. It would be a shame if it were to disappear and become Royal London.”Rodney Henry Van der Molan,Executive & Employer Benefits Services & Co“Whether they do or not I am not fussed.”Nicholas Feldman,N M Feldman Financial […]
As the title of this paper suggests, credit migration is probably worse than you think, but then not as bad as you fear. So how concerned should investors be about this phenomenon? Where should their focus lie? Natixis’ affiliate, Loomis Sayles & Company’s Director of Credit Research and Credit Strategist, Chris Gootkind, addresses this and […]
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]