The Personal Accounts Delivery Authority launched its consultation paper on the scheme’s charging structure this week. Chief executive Tim Jones outlines options including an annual charge, contribution charge, joining charge or combination of these.
Axa Wealth Management and Winterthur have undergone a management restructure with the creation of three new roles.The changes aim to reinforce the distinction between the two brands, with Axa Wealth Management aimed at the mass affluent and Winterthur aimed at high-net-worth people.Winterthur former managing director David Thompson has been appointed managing director of sales and […]
Standard Life’s UK life and pension sales increased by 15 per cent to £13,174m in 2007 but individual pension sales fell by 18 per cent to £782m compared with 2006.Standard Life released its new business results today and simultaneously announced the news that its UK financial services chief executive Trevor Matthews was leaving to take […]
Aegon and O&M Systems are running a series of free roadshows for advisers on treating with-profits customers fairly.Following an investigation into with-profits, the FSA released a briefing in May 2007 which identified key questions for advisers and said that firms not offering reviews of with-profits policies may not be treating their customers fairly.Speakers from O&M […]
The MPs of the Treasury select committee suggest the Bank of England should take responsibility for financial stability of banks from the FSA.
It was great to see our industry picking up on the themes of product relevance in 2016 and making it easier to access protection cover. But the biggest change I saw in 2016 was a shift to talking more about the end customer and building the right propositions for them. Following the events of last […]
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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 […]