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Prudential chooses Focus Solutions for adviser website

Prudential has chosen technology provider Focus Solutions to provide e-commerce solutions for its UK intermediary website.

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Whole-of-life shock for watchdog

The Financial Ombudsman has seen a sudden rise in complaints where whole-of-life insurance products were sold without clients being told that policies would be reviewed. The ombudsman claims that trends of complaints by consumers about whole of life policies have changed. The FOS was previously getting complaints about policies that were sold without regard for […]

Tep sales up 50% at AAP

Sales at traded endowment policy market-maker Absolute Assigned Policies have increased by 50 per cent in the last 12 months. Tep providers Policy Portfolio and Beale Dobie recently stopped buying endowments after reviewing the potential of the Tep market. But AAP says it expects to trade more than £150m of Teps from now up to […]

BBN one of 16 firms declared in default

Berry Birch & Noble Financial Services which is in liquidation is one of 16 firms the Financial Services Compensation Scheme has declared in default.

Destini off to an early start with property Sipp

Destini Financial Services is introducing a scheme offering investors the opportunity to hold residential property in a Sipp almost two years ahead of theTreasury&#39s schedule. Trading New Homes, which trades in off-plan and new-build residential property in the UK, will provide investors with an Aim-quoted trading vehicle. The scheme offers the same tax incentives as […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]

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