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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The Pensions Ombudsman and The Pensions Regulator have agreed to share information to increase their understanding of issues in the sector. The agreement follows the FCA and TPR announcing in February they will work together on a strategy to tackle risks in the pensions sector over the next five to 10 years. The agreement announced […]
Platform Alliance Trust Savings continues to be affected by staff departures as three senior executives are understood to have left the business. Money Marketing understands commercial director Ed Carey and customer services director Gordon Murray have recently resigned from their posts. According to LinkedIn, Carey joined ATS in 2016 as sales director before taking on the commercial […]