The FSA says the majority of responses to the Financial Ombudsman Service funding review favoured options E to H, where advisers get between five and 10 free cases with an increasing flat fee.
Bright Grey product marketing manager Alison Flintham is leaving the firm in January to play for the Scottish team in the touch-rugby World Cup.
Norwich Union has signed a deal with Openwork that will see the network refer equity release business to the insurer.The announcement follows the FSA’s call for intermediaries to either improve the level of equity release business they write or refer leads to specialist providers. NU director of business development Philip Willcock says: “We are delighted […]
Zurich has launched a new guaranteed whole-of-life plan, to be marketed as an alternative estate planning tool. The firm says although clients will pay a higher pre-mium for the guaranteed rate than a reviewable rate, it off-ers the peace of mind that many will people need when carrying out their estate planning. The Zurich adaptable […]
Layton Blackham Financial Services has set up its wealth management platform after white-labelling Standard Life’s wrap. The firm is launching with 750 core funds but clients can access funds off the platform for an additional fee. Layton says it will aggregate the annual management charges across the tax wrappers on its platform, with legacy products […]
Did you know that 60 per cent of business owners said they had no protection in place to cover the cost of buying shares should a business owner die?*
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The Financial Ombudsman Service has told Kingswood Financial Advisors to compensate a client over a Sipp investment in an unregulated Harlequin property fund. The case concerns Mr B’s complaints about the advice he received regarding two unregulated investments: one into a Harlequin property fund and the other into Green Oil. The ombudsman’s ruling relates to […]
Phoenix Group, Alliance Trust Savings, Zurich, and Old Mutual Wealth are amongst the most complained providers in the latest FCA complaints data. A total of 3.76m complaints were received by the FCA during the second half of 2017, up 13 per cent on the first half of the year. Alliance Trust Savings is the most […]
The FCA is reviewing the market for preference shares following the furore over Aviva’s recent decision to cancel its high-yielding preference shares at par value. FCA chief executive Andrew Bailey says in a Dear CEO letter that the regulator is reviewing the prevailing market for certain fixed income shares, particularly those classed as perpetual, irredeemable […]