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 […]
Actuarial and pension specialists Wolanski & Co and CheckleyFisher have merged to create Wolanski CheckleyFisher. Both firms specialise in corporate pensions and the combined firm will create a new player in the actuarial market, made up of seven fully-qualified owner-manager actuaries.
The Council of Mortgage Lenders has revealed a drop in remortgages. Data for March shows that remortgaging accounted for 36 per cent or 10.3bn of lending which is 5 per cent less than in February and 10 per cent lower than March 2005. Despite the fluctuations, the CML says remortgaging remains a significant part of […]
West Bromwich Building Society is setting up a separate intermediary arm as it looks to boost business from brokers. West Brom For Intermediaries will be unveiled next week and follows the trend set by Britannia, Portman, Yorkshire and Derbyshire building societies which have all created separate brands for intermediary business. The lender wrote 968m of […]
By Kim Jarvis, Canada Life In this article we look at which forms personal representatives (PRs) need to complete and who actually pays inheritance tax (IHT). To recap, under current rules, any part of the estate that falls within the available nil-rate band (NRB), currently £325,000, is taxed at zero. Anything in excess of the NRB […]
Advice giant St James’s Place will block access to its investment platform for 10 days while it migrates services to a new provider. SJP tells Money Marketing that the work will affect online service ability for clients between 19 October and 29 October. A spokesman says: “SJP will carry out essential maintenance to our systems as part […]
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]