Third-party pension administrator Personal Pension Management has appointed Kevan Ward as marketing and development director. Ward joins from Barclays and will be responsible for business development.
Framlington is offering what it is calling a “knockout transfer deal” for May, allowing investors to transfer their Peps and Isas into four funds managed by star fund managers Nigel Thomas and George Luckraft for no initial charge. It is offering 1.5 per cent up-front commission to IFAs during May, with 0.5 per cent a […]
What an interesting letters section last week.First, concerning the letter headlined, Call banks to account, I totally agree with Julian Stevens' comments but why stop at banks? Building societies, national and local, are only concerned in “selling” financial products and no regulator, going back to Nasdim (remember?) days has had the balls to address the […]
It doesn't seem that long ago that I was sending a memo to our national salesforce advising that our remaining two participant lenders had withdrawn from the equity-release market. We had been arranging such schemes for clients from the mid to the late 1980s and providing appropriate specialist advice.Many schemes were launched, including the less […]
It is well known that where an individual owns a non-qualifying policy and the insurance company makes a loan to the policyholder or arranges for a loan to be made to the policyholder, that loan would be treated as a deemed part surrender of the policy. However, what was not well known was that this […]
A report from the Centre for the Modern Family out last week presents some interesting — and perhaps rather worrying — findings.
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The Treasury select committee has published an internal memo in which staff at Royal Bank of Scotland were told to let struggling businesses “hang themselves” in the wake of the financial crisis. Staff at the now defunct RBS Global Restructuring Group listed in a document written in 2009 a number of tips to leverage fees […]
Newly-merged adviser trade body Pimfa is calling for the FCA to change how it plans to calculate the Financial Services Compensation Scheme levy, to take discretionary fund managers out of its remit. The FCA’s consultation on FSCS funding reform said all firms falling under its investment provision funding group are classiffied as product providers and […]
Who holds the power when advisers make investment decisions?