Citigroup has appointed former US Treasury secretary Robert Rubin as chairman and former Schroders chief Sir Win Bischoff as temporary chief executive following the resignation of Charles Prince III. Citigroup says it must write down an extra $8bn-$11bn in leveraged and sub-prime loans.
The Competition Commission has published a consultation document inviting feedback on its views of competition in the payment protection insurance industry in the UK.
Adviser firms must up their pace of progress in embedding Treating Customers Fairly if they are to meet next year’s deadlines, warns the FSA.
Pensions minister Mike O’Brien says legislation will be drawn up to allow Pension Protection Fund compensation to be shared in divorce settlements.
Almost a quarter of landlords plan to expand their property portfolios over the next five years, says the National Landlords Association. Research by the NLA says 23.4 per cent of landlords plan to grow their holdings, while nearly 60 per cent say theirs will remain unchanged during that same period. Fewer than 18 per cent […]
For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]