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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James Hay is reviewing its older products, following its well-publicised issues with the Elysian Fuels biofuel investment scheme. James Hay revealed last May it is involved in a legal dispute with HM Revenue & Customs around unpaid tax on biofuel scheme investments. Speaking to Money Marketing, James Hay chief executive Alastair Conway says it is investigating […]
I sat open-mouthed in the House of Commons four years ago as George Osborne announced the end of a national retirement system based on annuities. Three years on from the law change, several trends are clear. First, overall we remain in what I call ‘Income Drawdown’s Phoney War’: as long as the vast majority of retirees […]
While not easy, it is possible to take profits through the hard border that surrounds a company without paying excessive tax There is a hard border around company assets. If you want to move cash out, you mostly have to pay some tax. And now, one avenue – dividends – is about to get more […]