Prudential has chosen technology provider Focus Solutions to provide e-commerce solutions for its UK intermediary website.
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 […]
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 […]
Berry Birch & Noble Financial Services which is in liquidation is one of 16 firms the Financial Services Compensation Scheme has declared in default.
Destini Financial Services is introducing a scheme offering investors the opportunity to hold residential property in a Sipp almost two years ahead of theTreasury's 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 […]
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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The Financial Ombudsman Service will be reviewed by an independent person following claims of poor staff training and alleged biases in its decisions that were exposed in a recent Channel 4 investigation. Treasury Committee chair Nicky Morgan wrote to FOS chief executive Caroline Wayman on 13 March asking for more information about the findings of […]
There are numerous trip hazards with carry forward but more clients will want to be looking at it Many believe the annual allowance will be fair game for the chancellor soon, as one of the least painful and least complex reductions in cost to the Treasury. As such, the need to contribute while clients can and […]
The world is a challenging place for a traditional one-man (or -woman) band Increased regulation and rising costs are leading to a growing number of mid-sized adviser firms. Sole trader and two-handed businesses are becoming rarer as changing rules and client demands present a greater challenge for smaller firms. Between compliance, technology and the implementation […]