National Savings & Investments, the Government-backed savings and investments provider, has joined the Financial Ombudsman Services voluntary jurisdiction scheme. Complaints will now be handled by the FOS using the same approach as applies under the compulsory scheme.
Two weeks ago, I looked at some of the arguments for and against fund management groups, recognising that the majority of new fund business is being originated via fund supermarkets and achieving economies by dismantling their own distribution operations both for direct business and advisers.
Standard Life is to target IFAs with an online banner campaign encouraging them to use online aggregation services that can collate valuations on clients complete portfolios instantly.
Our panel of industry experts analyse the uses of offshore trusts in depth
Which? is calling on the financial services industry to sign up to a list of new standards which it says will restore confidence and avoid misselling scandals. In a consultation paper, entitled, Time For A Change, Which? has compiled standards it believes firms should abide by, such as a set of customer principles included in […]
Stan Russell, head of pensions business development, examines why advisers should be talking to their clients about DB-to-DC transfers, and the factors that need to be considered. Read more
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]