Sun Life of Canada has appointed Tony Watts as new head of audit at its British headquarters in Basingstoke. A Price Waterhouse chartered accountant, he has completed stints with Morgan Grenfell as a chief internal auditor and at Deutsche Bank in London where he performed the same role. He succeeds John Webb who is working on other projects in-company.
Virgin Direct have called on the Government to introduce a catmarked personal pension based on the catmarked Isa.The bank is calling on the Government to introduce what it says are strict standards for personal pensions immediately.Virgin Direct chief executive Rowan Gormley says: “The industry howled when Cat standards were first mooted for Isas, but now […]
The Corporation of Insurance & Financial Advisors has changed its name to the Corporation of Insurance, Financial & Mortgage Advisors. The trade association was initially formed in 1968 as the Corporation of Mortgage Brokers. The change was announced at its annual lunch last week.
PPP Healthcare has launched a health plans which it says will compensate for gaps in NHS provision.It says the new plan, called Perfect Sense, will dovetail with NHS services by providing immediate access to specialist consultants, plus private surgical treatment when NHS waiting lists are over 12 weeks long.Cover for a family of four, with […]
Morgan Grenfell's Managed Portfolio Fund has been awarded a frAAA rating by Standard & Poor's. The Managed Portfolio Fund has £108m under management and has produced an annualised return of 12.1 per cent over the past five years. It invests in a range of Morgan Grenfell unit trusts in line with the house view on […]
The Pensions and Benefits UK Conference takes place this week, where Jelf will have a stand.
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The rise in IHT takings has prompted complaints around the new residence nil rate band’s impact
The Association of Investment Companies will not be hosting the new key information documents on its website saying to do so would be irresponsible. Since 1 January, Priips legislation has meant advisers have to publish a stand-alone, standardised KID to their client including performance scenarios, risks, and the total cost of products. However, trade bodies […]
The Financial Services Compensation Scheme has paid out £5.7m so far to nearly 800 customers of collapsed discretionary fund manager Strand Capital. The payments were made to 796 investors over the past two weeks. The payments related to client cash only. The compensation was paid directly into customers’ self-invested personal pensions. An administrator’s report published in […]