Norwich Union says it will be forced to raise household insurance premiums to offset the cost of flood claims. The average flood claim is £20,000 to £30,000.
Pioneer Friendly Society is removing the final two exclusions, war and HIV, from its Pure Protection contract.
Standard Life Bank has become the latest lender to confirm it will be axing its exit fees from July 31.A spokeswoman says: “Standard Life Bank can confirm that as from 31 July new mortgage customers will not be charged a Mortgage Exit Administration Fee when they redeem.”Standard Life Bank previously charged £230.This follows Cheltenham and […]
Enterprise Partners has added Db Mortgages to its lender panel. Along with a number of other lenders, db will be added to Enterprise’s core panel for the launch of version 2 of their EDGE system in August. Director Terry Young says: “We have ambitious plans for growing our Partner proposition, and listening to the needs […]
Almost 90 per cent of distributors in Europe have clients invested in multi-manager products at an average of 32 per cent of their client base, according to Fidelity International.The inaugural Fidelity European Multi-Manager Report shows 100 per cent of distributors in Austria report having clients invested in multi-manager funds, followed by France at 95 per […]
Ryan Medlock, Investment Proposition Manager, Royal London Royal London Asset Management’s (RLAM) new head of multi-asset is officially up and running. I want to look at what expertise Trevor brings to the table and how this affects the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs). Trevor Greetham joined RLAM in April 2015 from […]
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
Ahead of speaking at Money Marketing Interactive in May, founder and director of The Yardstick Agency Phil Bray gives tips on how advisers can improve their public image and why the FCA should rethink their plans for the register On a scale of 1 to 10, how optimistic are you about the advice market for […]