Resolution Asset Management is setting up two funds for its restructured European equities desk. Jon Fearon will manage the international pan-European fund while Ian Ormiston will run European smaller companies.
Skipton Building Society has launched two new capped rate mortgages.The new three and five-year base rate tracker capped mortgages are capped at 6.44 per cent and 6.49 per cent respectively.Head of lending Colin Dale says: “Our two new base rate tracker capped mortgages have two clear benefits – they give borrowers the confidence in knowing […]
FundsNetwork head of sales and marketing Rob Fisher “In principle, FundsNetwork is supportive of what Cofunds is saying. The ability to be able to advise clients to move their assets to where they want to have them is clearly an important thing. We are making progress on these areas. Slowly but surely, I think that […]
It seems that the Financial Ombudsman Service continues to fine advisers for shortfalls that are caused by regulatory-imposed projections, that is, that were imposed on the adviser and the provider by the regulator. The FSA may not now be continuing with this Lautro practice but the FOS still perpetuates this injustice. An example is the […]
Royal Liver’s chief executive likes to hit the heights in the Highlands when he is not busy taking the company back to the high ground of life and pension business with a tough modernisation programme which he believes puts the firm on course for continued success and he explains why the Royal marriage never made it to the altar. Interview by Will Henley
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]