Nucleus has reported a £2.5m pre-tax profit for 2014, up by 67 per cent from £1.4m the previous year. Assets under administration reached £8bn at the end of last year, an increase of 27 per cent compared to 2013. The platform says this boosted turnover by 26 per cent to £23.6m. Nucleus says it has […]
The proposed £5.6bn mega-merger of Aviva and Friends Life will result in thousands of job losses and rock the foundations of the UK pensions, protection and investment industries, experts are predicting. Last week, the Aviva and Friends Life boards revealed detailed discussions on the biggest pension deal in years. The Friends Life board has indicated […]
The Council of Mortgage Lenders’ gross mortgage lending target looks set to be missed this year as the market becomes more subdued, say industry experts. In December the CML forecast gross lending of £222bn in 2015, up by 8.8 per cent from £204bn last year, and rising to £240bn in 2016. But in a “state […]
Deutsche Bank gave false declarations to the FCA and British Bankers’ Association, took years to produce evidence for the regulator and used a call recording system that was “not fit for purpose”, the FCA has found. Earlier today the bank was fined a record £227m by the FCA for manipulating Libor and Euribor. Combined with […]
Those of you who have read any of the political manifestos over the previous weeks may have noticed one glaring omission from all the publications: the subject of welfare reform and the role that income protection could (and probably should) play in this process.
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