Royal London is bringing in carpetbagger prevention measures to stop new policyholders claiming windfalls if it demutualises. From July 1, when Scottish Life's business will transfer to Royal London, new policy-holders will not be entitled to compensation for loss of membership rights after demutualisation.
New Star Asset Management has introduced the European growth fund, an open-ended investment company that aims for capital growth by investing in Europe excluding the UK.The fund is managed by Richard Pease, who managed Jupiter Asset Management's European fund between January 1990 and December 2000.As New Star's recently appointed head of European equity management, he […]
I have a wealthy friend who has set up a trust for his children. I have been considering establishing a trust for some time now but I am unsure of the main benefits in doing so. Could you please advise me of the background to trusts, the various types of trust and whether any of […]
Leeds & Holbeck Building Society has unveiled a cash individualsavings account (Isa) for investors who have maturing tax exemptspecial savings accounts (Tessas.) The 2-year Tessa Isa is suitable for investors who are looking forsomewhere to put their Tessa cash but do not want to tie it upover the long-term. As a cash Isa, it could […]
If you are in the middle of taking the Advanced Financial Planning Certificate, then your first concern will be how to pass. The leap from FPC to AFPC is a daunting one and although you are doing the courses so you can advise your clients more effectively, getting through the exams can be made a […]
This month will see the release of a TV advertising campaign to raise awareness of auto-enrolment among small and micro employers. It arrives before an unprecedented number of businesses approach their staging date.
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The New Model Business Academy received just over half the Government funding for its apprenticeship programme it was hoping for, which has led to paraplanner and administrator apprenticeships being shelved. NMBA, which is part of the SimplyBiz Group, announced earlier today it is opening applications for its apprenticeship programme this week. In December, it received […]
Platform Alliance Trust Savings must compensate a client after he was unable to make several investments because the online service was down. The client, Mr W, had around £2m in his Sipp fund with ATS. In late June 2016, his advisers tried to make a number of investments into specific funds, however, these did not […]
Last year, Money Marketing took a deep dive into how advisers are remunerated with an extensive reader survey. This year, we’re going even bigger and better, teaming up with recruitment consultancy BWD to bring you the definitive picture on pay. With your help, we hope to decode how qualifications, employment status, geography, gender, job title and other […]