Sun Life of Canada has appointed former Allied Dunbar area sales director Phil Lockyer as vice president and sales director. Lockyer will be responsible for sales and sales management of all insurance business. He will manage all distribution channels including its new IFA division. Lockyer will be replaced at Allied Dunbar by Dunbar's current regional sales management director Richard Freeman.
Invesco is launching both mini and maxi ISAs in April that will include cash and stocks and shares components.The GT Money Fund which has a cash component will not be Cat-marked and has a maximum investment of £3,000.It has an initial charge of 5.25 per cent. IFA commission is 3 per cent and renewal commission […]
Future Mortgages managing director Tim Keast has quit his job to develop a financial services business nearer his home in Somerset. Keast has been managing director of the sub-prime lender since its formation in October 1996 has sited the 200 miles he commutes to work every day as a factor behind his resignation.Chairman Mike Cullhane […]
Edinburgh Fund Managers has announced further ties with Clerical Medical International and Albany International.This is the latest in a series of tie ups, giving the manager access to the IFA market.CMI will offer the Edinburgh 'Safety First' protected fund.Albany has added the Albany International Managed Growth Portfolio, managed by Edinburgh, to its range. The fund […]
Unit trust investors increasingly come from all income groups with rising numbers of women investing, according to research by the Association of Unit Trusts and Investment Funds.The research also shows an increase in retention rates to an average 8.1 years with four out of ten investors looking to invest for more than ten years.The percentage […]
Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]