Scottish Life has appointed Ruaridh Budge as deputy chief executive from January 1. He has been with the company for 28 years and is currently acting as chief executive until Brian Duffin takes over the role at the start of next year.
IFA Hogg Robinson has announced a restructuring of its financial services arm into three new businesses.Advizas with deal with IFAs, Paymaster will deal with outsourced payments and processing and Entegria with benefits consulting.Chief executive David Radcliffe says: "Companies are seeking to reduce costs and maximise efficiency. The new structure will enable the individually branded businesses […]
Hiscox Investment Management is launching the first investment fund to focus on the international insurance sector.The Hiscox Insurance Portfolio has already raised over £5m from an initial offer to existing clients at LLoyd's.Between 60 per cent and 70 per cent of the fund is expected to be invested in international insurance businesses listed on major […]
The Household Mortgage Corporation is lowering the interest rate on its standard and self-certified fixed-rate mortgage schemes for a limited period.The standard scheme with loans up to 95 per cent of the purchase price will be 6.75 per cent and the new rate for the self-certified scheme will be 7.25 per cent.Both rates will be […]
CGU Life plans to project an illuminated 20-foot Energy Efficiency logo on to its head office building to demonstrate its commitment to environmental issues.The stunt is part of a national campaign being run by the Energy Efficiency Advice Centre to promote the reduction of wasteful energy usage.CGU Life head of facilities Rob Brown says: "We […]
Graeme Robb, technical manager, explores how changes in legislation are impacting trustees who aren’t entitled to the dividend nil-rate band. Read more
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]