Sesame has negotiated a 10 per cent average reduction in professional indemnity ins-urance for its members.The deal has been struck with professional indemnity insurance broker Windsor, which already supplies PI cover to the majority of Sesame members. The agreement comes after a 15 per cent reduction last year. Sesame says it expects further cuts on excess levels and claims the deal offers better terms than are generally available in the market. But rival PI broker PYV says it is confident it can offer improved terms and has sent out a mailshot to Sesame firms asking them to send it Windsor’s proposal forms. Sesame spokesman Jared Aitken says: “We have been able to negotiate a deal which we believe is superior to that which is generally available to the rest of the IFA sector.” But Collegiate spokesman Ron Kennedy says: “Ten per cent is a small reduction compared with the general reductions of between 20 and 25 per cent across the market.”
It is always refreshing to see a fund management company admit there might be better people at managing money than itself. Norwich Union has done precisely that with the launch of its new UK special situations fund. It has outsourced the management of the fund to undoubted experts Richard Buxton and Andy Brough of Schroders. […]
Ingenious Asset Management has recruited Peter Clark, Paul Gibson, Keith Barrett, Gerald Slocock and Victoria Prendergast as investment directors from Singer & Friedlander.All five are senior investment professionals and have an average of over twenty years experience in the industry of building a portfolio management business. Ingenious Asset Management is the asset management business of […]
Aaarrggggh. Yet more technical papers that must be read. I don’t know about you but my pile of reading is nearly reaching the ceiling.
Hats off to Lansons Public Relations executive Jeena Nadarajan when asking a stroppy editor about his dietary requirements on behalf of a client and getting email complaints about wild mushroom in mushroom gratin. She replied: “If I was the cook, you would all get vegetable samosa, fish cutlet and a variety of chutneys, masala dosa […]
Have you considered how you would cope financially if a key employee in your business fell ill or died unexpectedly?
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]