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PIA expels Thorwell (Insurance Consultants)

The PIA is expelling Nuneaton-basedThorwell (Insurance Consultants).

The firm is being expelled on the ground it is no longer fit to conduct investment business as it no longer meets the PIA&#39s financial resources requirement.

Any cases identified by the PIA&#39s pensions unit as having resulted in loss will be passed to the Investors&#39 Compensation Scheme for consideration of redress.

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ScotLife appoints branch manager

Scottish Life is appointing Maurice Nicholson as branch manager of its Newcastle branch. Nicholson will be responsible for developing and managing a team of IFA sales consultants and sales support staff. Nicholson spent nine years at Norwich Union, where he was also a branch manager. ScotLife head of communications Alasdair Buchanan says: “Maurice has tremendous […]

Peter Davies leaves Merrill Lynch UK Dynamic Fund

Peter Davies is resigning as manager of Merrill Lynch UK Dynamic Fund only three months after its high profile launch. Institutional manager Stuart Roden is leaving with Davies, who is believed to be setting up a hedge fund. The resignation comes at a difficult time for Merrill Lynch who have made the UK Dynamic Fund […]

Just 8% of firms know stakeholder start date

Only 8 per cent of UK businesses which are aware of stakeholder pensions know the legislation will be introduced this year, according to research by BACS. The company says among businesses there is a high level of confusion and misinformation surrounding stakeholder, which is launched in April. BACS surveyed 461 businesses across a range of […]

Degrees of separation

IFAs are becoming an endangered species – or at least an increasingly elderly one. IFAs and recruitment agencies agree that finding new IFAs is becoming more and more difficult. But while the industry recognises this shortage, firms are reluctant to recruit graduates. Instead, they are all trawling the same ever decreasing pool of qualified and […]

FAMR – a familiar response

Pension specialist Fiona Tait takes a look at the Financial Advice Market Review and assesses the three areas where it suggests improvements can be made With significant budget changes ruled out (for a while anyway), the pension community briefly turned its attention to the FCA’s final report on its Financial Advice Market Review (FAMR), hoping […]

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