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Novia poaches head of operations from Skandia International

Novia has appointed Sally Stephens as head of operations.

Stephens joins the wrap from Skandia International where she was head of operational strategy. Prior to this role she was head of life and pensions at Vertex.

She will report to chief operating officer Paul Parry.



Lack of clarity remains over trail commission

We seem to have been talking about the RDR and trail commission for an awfully long time. You would have thought, with the publication of the final rules last month, that all the “i”s had been dotted and all the “t”s had been crossed. But, alas, it would appear not. There is one particular aspect […]

Werth to step down at Ageas

Ageas Protect managing director Martin Werth is stepping down from the role at the end of the year. Operations director Darren Spriggs will become acting managing director from January 1. Ageas Protect has started looking for a permanent replacement. Werth, who is leaving the insurer after five years to pursue fresh challenges, oversaw the launch […]


Wider FSA platform probe revealed Transact failings

The FSA identified regulatory failings at Transact during a wider investigation into how the platform industry protects client money. It fined Transact’s holding company, Integrated Financial Arrangements, £3.5m for failings in protection of client funds following an FSA visit in May 2010. Money Marketing understands the regulator has also visited other platforms to inspect how […]

Tax year-end planning for annual allowance

Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]


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