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Platform axes fifth of staff

Platform is to cut 65 of its 305-strong workforce in a restructure. A new proposition department will see the merging of its marketing, product development and e-commerce services.

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Ex-Skandia director joins Sarasin

Sarasin & Partners has appointed former Skandia group investment director Jim Roberts as non-executive director. Roberts, who was also chairman of Skandia Investment Management, will look to build on Sarasin’s drive into the mainstream UK wholesale market.

Woolwich demands moreproof for fast-track business

Woolwich is tightening up its fast-track mortgage process after brokers voiced concerns that it could be abused by unscrupulous brokers.In an email to brokers, Woolwich says: “Being a responsible lender and treating customers fairly are key to our business.”It says applications on its MAX platform could result in requests to supply appropriate documents to verify […]

FSA replaces menu and IDD

The FSA is to introduce a single simplified disclosure document to replace the payment menu and initial disclosure document.It says this simplifies investment disclosure and gives flexibility to explain charging structures in more detail. The two- page document will be guidance rather than mandatory.The document will be introduced in August and the menu and IDD […]

Skandia launches web tool to unlock unused Isas

Skandia has launched a new Isa website and tool which it says will help advisers to unlock an estimated £2bn of unused Skandia Isa allowances. The service is offered free to the 10,000 advisers registered on the Skandia Wrap. Skandia says it will help advisers to identify clients with unused allowances and allow advisers to […]

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