The PIA has expelled IFA Bowbanks & Field of High Street, Hucknall, Nottingham for failing to be fit and proper to conduct investment business. The move comes after its sole director and regis-tered principal Graham Field pleaded guilty at Nottingham Crown Court to perverting the course of justice and obtaining money by deception. He was sentenced to four months' imprisonment in January.
Exclusive Connections has designed a four-year stepped discounted-rate mortgage for all borrowers, including the self-employed and first-time buyers.The mortgage is available for loans of up to 95 per cent of valuation and there is no arrangement fee. It offers a 2.5 per cent discount in the first year which gives a current payable rate of […]
Aberdeen Murray Johnstone Private Equity has introduced the Aberdeen growth opportunities venture capital trust (VCT).This VCT aims for long-term capital growth by investing mainly in unquoted smaller companies in the UK. It consists of around 30 holdings that cut across a wide range of sectors.When deciding which companies to invest in, the fund manager will […]
Wednesday, 26 September 2001.Type: Oeic.Aim: Growth by investing in UK equities listed in the FSTE all-shareindex.Minimum investment: Lump sum £500, monthly £50.Investment split: 100 per cent UK equities listed in the FTSE all-shareindex.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5 per cent, annual up to 1.9 per cent.Commision: Choice of initial 3 per cent or initial […]
Should recognised professional bodies continue to get trail commission after N2 even though they will no longer be authorised to provide advice? “Yes. When I retire, I will no longer be authorised but I would like to still receive trail commission.” Michael Littlefield, Michael Littlefield & Associates“No. If they are not giving advice, why should […]
Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.
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The incoming chair of the FCA, former lawyer Charles Randell, has revealed to MPs he invested in a film partnership scheme that has been at the centre of a battle with HM Revenue & Customs. The news represents a fresh blow to the regulator, which has been facing questions over its refusal to publish a […]
What increase in standard lifetime allowance means for clients with fixed protection Mindy has had income for the last three tax years of around £38,000 from her tailoring alterations business. She plans to sell the business and take her pension benefits to fund her day-to-day living expenses when she reaches her 60th birthday in August. […]
Lloyds Banking Group will boost its financial planning and retirement open book assets by more than £50bn by 2020 and is targeting more than one million new pension customers. The group, which includes pension provider Scottish Widows, unveiled its new three-year strategy this morning. The strategy talks of “maximising the group’s capabilities” by increasing financial […]