Standard Life Investments has announced the appointment of Aaron Pong as an Asian investment director. Pong, who will be based in Hong Kong, will be focusing on China. He joins Standard Life from the Royal Bank of Canada Investments Management (Asia) where he was the senior portfolio manager responsible for non-Japan Asia regional portfolios.
Reynolds Porter Chamberlain has warned the FSA could attempt to re-open mortgage endowment misselling claims which are currently time barred on the back of the Treasury Select Committee's report into the matter. The law firm predicts an increase in the volume of misselling claims would be “almost inevitable” as a result.
Star Japan fund manager David Mitchinson is to leave Framlington to join J P Morgan Fleming in a shock departure. Mitchinson, 27, is manager of the highly successful Framlington Japan fund. It has been the number one fund in the Japan sector, with IFAs saying not only has it topped the performance tables, but has […]
Professional indemnity insurers are turning their attention to critical-illness insurance rebroking, telling IFAs they will have to account for any of this business before they see their coverage renewed. Speaking at the Money Marketing Fair Deal for IFAs round table, Direct Life & Pensions sales and marketing director Richard Verdin said his firm was told […]
Keydata is offering a stockmarket accelerator plan that triples any growth in the FTSE 100 index over a six-year period up to a maximum of 60 per cent. Capital invested in the Keydata dynamic growth plan 9 product is guaranteed unless the index falls by more than 40 per cent over the period and fails […]
By Fiona Hanrahan, senior product insight and technical support analyst We’ve received lots of queries on scheme pays and when it can be used. This article explains how it works and the conditions which apply. What is ‘scheme pays’? If an individual exceeds the annual allowance (AA) and an AA tax charge is due, they […]
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A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]
It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]
The FCA has confirmed it will consider if there needs to be better guidance around when it and the Financial Ombudsman Service can share information ahead of the FOS making its final decision. In a Complaints Commissioner final report, published on its website yesterday, commissioner Antony Townsend invited the FCA and FOS to discuss when […]