Network Personal Touch Financial Services says its turnover rose by 36 per cent to 35m in the first six months, with profits up by 51 per cent to 1.1m.
A court has upheld an endowment complaint against Winterthur Life on the basis that a Colonial Mutual subsidiary it bought in 2000 was not authorised between 1989 and 1998. The judgment at Croydon county court could open the door for claims from thousands of policyholders sold products by Colonial Mutual UK Holdings Group’s 800-strong salesforce. […]
A friend and client of mine has a small Prudential pension policy (fund value 1,800). He has just received documents and papers for the commencement of the annuity and the payment of the lump sum. The number of pages in these documents? There were 79. In the immortal words asked of the great George Best: […]
How disappointing but not surprising to see the Association of British Insurers drop its review on the payment of commission.
The issue is having wider repercussions as the consumer benefit of the document in its current form is now being called into question. Aifa director general Chris Cummings says the OFT’s decision has sent a clear message that the menu has been skewed against advisers since it was set up when depolarisation was introduced last […]
With volatility set to continue, Peter Saacke, manager of the Artemis Global Growth Fund, thinks stock-specific opportunities are on the rise.
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]