Lighthouse is setting up an online platform, Lighthouse Xpress, developed over the last year with Quay Software. Lighthouse says it will enable advisers to communicate electronically with providers and will allow it to check compliance.
Standard Life has slashed its individual stakeholder commission, introducing minimum qualifying premiums and terms and scrapping intermediary single-premium and transfer remuneration.
Alliance & Leicester head of intermediary sales Mehrdad Yousefi is adamant the company has made the right decision in restricting the number of principals it would deal with up to and beyond M-Day. “Lenders have to be very vigilant about the marketplace and it will not be until the end of January at the earliest […]
Investors have told the AITC that they want to see more managers rewarded for good performance.
Mortgage distribution group First Mortgage Options says it has been inundated by demand for Cemap training courses since M-Day.
Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]