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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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]