Bestinvest brokers latest results has revealed a 71 per cent increase in pre-tax profits to over 6m.The statement for the year to May 31 2006 also shows an annual increase in earnings per share to 58 per cent and a turnover increase of 59 per cent.Bestinvest chief executive John Spiers says: “This was the first […]
FSA chairman Callum McCarthy has called for urgent change to financial services distribution models, which he says are failing consumers, advisers and providers. Speaking to savings and pensions industry leaders, McCarthy criticised commission bias and provider incentives, which he claims are causing detriment to consumers. On the issue of churning, he said: “This merry-go-round, as […]
SimplyBiz and Zurich Intermediary Group are co-hosting a webcast by Technical Connections director Tony Wickenden to provide an exclusive presentation on post-Budget IHT planning. Technical Connections experts will also be involved in a live chat, held on the SimplyBiz website allowing member firms to ask questions on the presentation. Wickenden will give insights into IHT […]
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review In February, the House of Commons passed a draft law to trigger article 50 of the Lisbon treaty for the UK to exit the EU. In corporate news, Warren Buffett backed Kraft Heinz in its takeover […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]