Net retail sales of ethical funds have grown sixfold in the past 12 months, says the Investment Management Association. Ethical inflows reached £135.5m in the third quarter this year compared with £23.1m at the same point in 2006. Fund of fund sales took a downturn, totalling £803.4m in Q3 compared with £1bn in Q2 and £894.6m in Q3 2006.
Webline is providing intermediaries with access to special risk service The Insurance Helpline in conjunction with Totally Insured Group.The deal enables brokers to refer potentially complex high-risk cases to TIG, which will find the best product for the client.Webline client services and operations director Matt Humphrey says Association of British Insurers’ statistics show that over […]
Leadbay has appointed Grant Stevens as its new managing director from December 1.Stevens replaces Leadbay founder Maarten Westerduin who will now become chairman of the company.Stevens’ role will be to look at the strategic direction of Leadbay, building on its phenomenal growth of the past three years to ensure that it continues to be one […]
Tom Baigrie, Lifesearch managing director takes a wide-ranging look at the controversial retail ditribution review and says the FS must focus on the value of advise
Hargreaves Lansdown has revealed a £400m increase in assets under administration after publishing its first quarter statistics for the 2008 financial year.
By Jamie Clark, Business Development Manager, Royal London Hot on the heels of consultations on tax relief and pension transfers and early-exit charges comes a new investigation into the advice gap, and how this can be bridged. Ever since the new pensions freedoms were introduced, concerns have been raised about how people can get access […]
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The FCA cancelled the authorisations of more than 200 firms last year for failing to meet “basic regulatory requirements” like paying their fees or filling out regulatory returns. The regulator revealed the figure in an update today, that its Threshold Conditions Team took enforcement action against at least 207 firms for failing such compliance failings […]
Royal London chief executive Phil Loney has said that mandatory advice on drawdown could be a “potential solution” to problems in the market as he hits out at how providers treat non-advised clients. Speaking with Money Marketing, Loney said that the company was worried about how customers in the back books of long-established pension companies […]
Pimco has warned the FCA a review of the scope of products and investors affected by Libor is needed as the regulator calls for the end of the benchmark. In July, FCA chief executive Andrew Bailey said Libor could be phased out by the end of 2021 and that authorities were working on several alternatives to […]