Zifa announces it has doubled its mortgage introduction business this year to £600m from £300m in 1999. The latest CML figures indicate there has been a decline in mortgage business over the last quarter but this doesn't seem to have affected Zifa. This is the second year, Zifa has been active in the mortgage introduction […]
Former Morgan Grenfell fund manager Peter Young, accu sed of committing a £220m fraud in 1996, was found unfit to stand trial at a Southwark Crown Court hearing last week. The two-week hearing heard that Young, who now dresses as a woman and prefers to be called Beth, has attempted to castrate himself several times […]
The Catholic Building Society has introduced a specific account for children. The children's account has a minimum balance of £5 and an interest rate of 5.5 per cent is paid annually. Incentives are offered to encourage savings. Once a balance of £500 is reached on an account a £5 Virgin Megastore voucher is offered and […]
Clerical Medical has unveiled a standard 1 per cent annual management charge across its new Futureproof range of individual pension plans. From the new year, the range will offer a 1 per cent charge on pre-stakeholderstyle personal pensions, free-standing additional voluntary contributions and executive pension plans. The move responds to market forces bringing all pre-retirement […]
With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.
Just Group has acquired a 75 per cent stake in Corinthian Pension Consulting to bolster advisory services it provides to defined benefit schemes. The deal sees it take a majority stake in the holding company of Corinthian with the remaining 25 per cent retained by the existing shareholders. Corinthian provides professional advisory services to DB […]
Nearly half of parents that fall within the “bank of mum and dad” want better online guidance when it comes to their finances, fresh research shows. The housing industry estimates that more than one quarter of housing transactions are now financed by parents, making the bank of mum and dad one of the nation’s biggest […]
I am often asked what the difference is between financial planning and lifestyle financial planning. It is a question I love to answer by relating a true story. Imagine the scene: two advisers, both seeing the same married couple as potential clients. Adviser A is a highly qualified (chartered and certified) financial planner. Adviser B […]