The Thoresen review is to pilot generic financial advice in the North-west, London, Staffordshire and South Yorkshire from September 17. It will aim to provide non-regulated advice or guidance on tax and benefits, saving and retire-ment planning to 5,000 consumers on the phone, internet and face to face.
Investec Bank Switzerland has announced the appointment of Oliver Betz as the bank’s new general manager.
New rules are being proposed to deal with the issue of insurance contracts and disclosure
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 […]
Northern Rock has issued a stock exchange announcement following the news that it has asked the Bank of England to provide it with emergency funding.Shares in the lender have plummeted by 24 per cent after the decision was confirmed last night.In the announcement, Northern Rock says that if the current market conditions remain until the […]
According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20 per cent of total wages, the statutory minimum for a […]
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Things are moving fast over at the newly merged Standard Life Aberdeen. The very first results for the combined company hit the wires this morning and, finally, a clear strategic direction is emerging. Overall, there were net outflows. Not a great start, particularly given Scottish Widows’ parent Lloyds’ decision to pull its £109bn mandate earlier […]
Providers looking to re-brand must carefully consider those buying the products and the advisers who have to explain them I started my working life at Hill Samuel Life Assurance Ltd. As company names go, it was not the most exciting and we were occasionally confused with H Samuel the jeweller, but at least it said […]
Standard Life Aberdeen has reported outflows of £31bn in its full year results, six months after the mega merger at the Scottish fund houses completed. In August 2017, Standard Life and Aberdeen Asset Management joined forces to become Standard Life Aberdeen, a giant global asset management powerhouse running £655bn assets. In its full year results, […]