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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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]