The PIA has fined IFA EIC Investment Services, of Marchmont House, 83-85 Marlowes, Hemel Hempstead, Hertfordshire, £10,000 for pension review failings. The firm has also been ordered to pay costs of £2,126. A PIA visit in May 1999 identified a series of regulatory failings.
Norwich Union would be IFAs' number one choice as a partner among the third of IFAs who would consider multi-tying if polarisation is scrapped, according to research by Sway. The research, exclusive to Money Marketing, reveals that 93 per cent of IFAs considering multi-ties would choose NU first. Standard Life is second with 77 per […]
Isis, the new subsidiary from Friends Ivory & Sime, is focussing on the smaller end of the UK market with its new fund.The UK smaller markets fund is an open-ended investment company aimed at the more sophisticated and experienced investor seeking growth. Nicholas Malins-Smith will manage the product in London.The majority of the stocks the […]
Financial services recruitment consultant 20-20 Search and Selection is opening a new office near Norwich. Nigel Borrett, formerly of Seekers Recruitment, will head up the office.Borrett says: “We are capitalising on the buoyancy and changes in the market. It is imperative for both clients and candidates for a national operation to have representation in East […]
Scottish Widows Bank has reduced the interest rate on its home equity loan to 7.75 per cent from 8.19 per cent.It says it has made this cut by employing market-leading treasury techniques which allow home owners over 60 to release capital tied up in their home.The interest rate is fixed for the full period of […]
By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]
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Justin Modray says the RDR will make little difference in the way most advisers are paid.
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]