Skandia Investment Management has dropped the Loomis Sayles global opportunistic bond from its global fixed-interest blend fund and switched into the Pimco global bond.
The year in IFAland saw Berkeley Berry Birch and Millfield falling by the wayside.As well as the uncertainty for the firms’ 2,100 advisers, there were also concerns over where liabilities would fall.The answer to that is apparently the Financial Services Compensation Scheme, with over 500 endowment complaints being processed, at the last estimate, at an […]
If people in hospitals washed their hands as often as this Government, there would be no MRSA crisis, I am sure. As we saw in James Salmon’s article last week, the Government is now saying that the 125,000 pensioners who lost their pensions should have taken advice (presumably to transfer out of their doomed scheme). […]
Continental Europe Fund
Here’s a tip – never trust what a life company senior executive tells you.
A recent survey of employers, carried out by Jelf Employee Benefits, suggests that many employers intend to utilise the new Fit for Work service in some form as an absence management tool.
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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 […]