The long awaited Penrose report into what went wrong at troubled insurer Equitable Life looks likely to be published the week of February 23. The 800-plus page report was expected to be made public earlier this month, but speculation over the weekend suggests it will be later due to the “legal complexities” of going through the document and preparing the Government response.
I was interested to read that two loss-making firms, Inter-Alliance and BBB, propose to merge (Money Marketing, January 22). However, each company has demonstrated that big is not necessarily beautiful. My practice is a firm believer in providing clients with the opportunity to obtain independent financial advice from both local and national firms but I […]
The ABI is claiming that confidence in saving is creeping up following the release of the latest results of its pensions and savings index. The survey of 2,479 people in January shows a “small but significant” change in attitudes and confidence levels, with trust in the Government's pension policies rising slightly to 17 per cent […]
The FSA has freed mortgage lenders from the blame cast by TV and national press by releasing a review into self-certification mortgage application fraud which says lenders have adequate controls for dealing with application fraud. The research came off the back of the October 2003 screening of the BBC's Money Program, in which it was […]
Friendly society Liverpool Victoria has joined the procession of insurers aligning themselves with major retail outlets, with a deal to sell life insurance through Boots. In contrast to other insurers, it will offer a free advice line for customers to seek guidance on their insurance needs from a specialised adviser. A typical policy will see […]
The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology