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Pada outlines charging options

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.

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Shake-up aiming to bolster brand distinctions at Axa and Winterthur

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 posts 18 per cent loss in individual pension sales

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 […]

Seminars show the fair way for with-profits

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 […]

Let the Bank take the lead

The MPs of the Treasury select committee suggest the Bank of England should take responsibility for financial stability of banks from the FSA.

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