Consumer Intelligence has investigated life insurance prices from advised and non-advised sales. Direct Life, Life Policies Direct, Lifesearch, Sainsbury’s, Standard Life and Tesco Personal Finance have been mystery-shopped.
Skandia Investment Management has established a multi-manager ethical fund that combines manager of managers with funds of funds approaches.
The Tenet Group launched a new IFA this week called Foster Denovo and headed by exec- utive chairman Keith Carby. Foster Denovo – foster mea-ning to nurture and de novo meaning new and better – will transfer Capital Planning adv-isers producing more than 100,000 a year. The firm intends to grow organically and says it […]
Close Brothers Investment
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David Blunkett has resigned as Work and Pensions Secretary after breaking the ministerial code of conduct by taking a directorship of DNA Bioscience before May’s election, without consulting an independent body which advises on these matters.Blunkett was due to address the Work and Pensions select committee today but this meeting has been cancelled. There is […]
Last week was Adult Learner’s Week, a celebration of lifelong learning and continued education. But why should education stop after school?
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The Government should make it easier for advisers to sell products that blend income drawdown with insurance to meet future care costs, according to former pensions minister Steve Webb. A paper published today by Royal London calls on the Government to introduce policy changes which allow new products to be created that pay for long-term […]
Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]