Aviva policyholder advocate Clare Spottiswoode has warned Norwich Union with-profits policyholders that the huge amount of work involved in the potential reattribution of Aviva’s inherited estate on its with-profits funds means any payouts will be delayed until summer 2008.
Northern Rock sales director Mark Robson claims the company has received “overwhelmingly positive” feedback from its key intermediary contacts following assurances that the company remains fully operational.
Fidelity FundsNetwork has announced the addition of an Excluded Property Trust to its range of Multi-Asset Trusts, which allows anyone who is not UK domiciled to put non-UK assets into trust and avoid inheritance tax on these assets.
The proposals outlined in the retail distribution review suggest a radical change in the way that UK financial advice and remuneration might be structured. While the RDR proposals seek to clarify regulatory requirements and encourage advisers to move towards principle-based regulation, the final outcome depends upon a consultation process which is not yet complete.The effects […]
Positive Solutions has pledged to raise £100,000 for charity through charitable trust the Harrison Foundation.Outgoing PosSol executive chairman David Harrison asked 1,000 advisers at the firm’s annual partner forum in Birmingham last week to dip into their pockets for charity, promising to match their donations through PosSol and Aegon.He said: “Today, why don’t we give […]
Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]