GMAC-RFC new chief executive officer Simon Knight has marked the start of his tenure with the launch of a mainsteam two year fixed product at 5.25 per cent.Knight says: “We have made this dramatic move for three key reasons. First, to offer consumers fixed rate protection in a rising rate market at rates significantly cheaper […]
Housing economist John Wriglesworth has warned that brokers could face future misselling claims if they advise clients to take out two-year fixed-rate products in the current market climate.Speaking at the Mortgage Business Expo 2007 in Manchester last week, the Wriglesworth Consultancy managing director said he believes there is a significant risk that interest rates could […]
Chris Hopkinson has joined LV= as head of national accounts for its intermediary division.He will be responsible for communicating life and protection to key advice firms.Hopkinson has held senior positions with Legal & General and MetLife and will be responsible for 20 major accounts.Director intermediary business Stuart Tragheim says: “We are confident that Chris will […]
The Norwich Union-owned platform has also increased the minimum single contributions to its Sipp from £100,000 to £250,000 to deter inflows from current adviser users and enable it to work through an existing backlog.
The Upper Tribunal has found that Andrew Tinney, the former chief operating officer of Barclays Wealth, breached his obligation as an approved person to act with integrity. The update published on the FCA’s website today explains the reasons for the publication of the ruling. In March 2012, Tinney received a document which contained critical findings […]
‘Scheme pays’ can take the sting out of annual allowance tax charges, but scheme members must move quickly to take advantage With more than five months to go, the self-assessment deadline feels like a lifetime away. But for clients facing an annual allowance tax charge for the 2018/19 tax year on their pension savings, the […]
The Financial Conduct Authority has announced six Q&A roundtable sessions to be hosted across the UK. The regulatory body will be going to Glasgow, Newcastle, Birmingham, London, Manchester and Newport. Each event, titled “ask the regulator”, will be 90 minutes long and will feature FCA and industry representatives. According to the FCA, the sessions are […]