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.
Not being up to date with the rules could leave you vulnerable to accusations of poor advice from the clients you should value most General investment account funds usually require tax planning each year. The most valuable clients tend to have them, yet many advisers have not kept up to date with the main tax […]
MPs from across the political spectrum have backed a call for the chief executive of the FCA, Andrew Bailey, to step down following the collapse of mini-bond firm London Capital & Finance. The incident saw over 11,000 bondholders lose more that £230m. An early day motion put forward on 1 April states: “This House… believes […]
Trade unions have called on some of Amazon’s leading shareholders to use their influence to fight for better working conditions. Legal & General, Baillie Gifford and Aberdeen Standard were among City heavyweights to hear presentations this month at the TUC’s head office from unions like the GMB, the Guardian reports. A dozen leading fund managers […]