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Resolution buybacks

Resolution will return £500m of excess cash to shareholders to focus exclusively on its UK life project.

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18

Stewart Ford slams FSA for sending Keydata report to wrong address

Keydata founder Stewart Ford has lodged a complaint with the FSA alleging that the regulator delivered his confidential copy of the Keydata preliminary investigation report to his ex-wife. The complaint, seen by Money Marketing, claims that in August the FSA delivered a 5,000-page package of sensitive documents, held on unencrypted discs, to Ford’s ex-wife in […]

6

Making Omo the default could get pensions back on track

Aviva’s Rethinking Retirement report contains a decent set of proposals that offer many positive steps towards creating a properly functioning at-retirement market. But by stopping short of making the open market option the default position, it misses a key component in the creation of a system necessary to properly service our changing pensions sector. Defined […]

Virgin set to challenge banking big guns

Virgin Money is likely to pose a serious challenge to the UK’s biggest lenders if it takes over Northern Rock and the 600 Lloyds Banking Group branches up for sale. The European Union told Lloyds it had to sell at least 600 of its branches, accounting for 19 per cent of its total mortgage book […]

Platform policy delay as FSA rethinks rebate ban

Platform providers and IFAs have welcomed the FSA’s decision to delay its platform policy statement and are urging the regulator to spend time reconsidering its proposed ban on cash rebates. Last week, the regulator announced it expects to publish the policy statement in the third quarter rather than the second quarter this year. In November, […]

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