The Special Risks Bureau is launching an IFA online service with Webline. The service will allow Webline's 9000 advisers to transact impaired lives business online.
Standard Life has avoided a dispute with a former salesman after he withdrew allegations against the company days before an employment tribunal hearing was set to take place. Last week, reports surfaced that Alan Bate, who was a financial adviser until March this year, was taking Standard Life to an employment tribunal in a constructive […]
The Mortgage Code Compliance Board is to look closely at sales of self-certification mortgages to salaried employees. The FSA has relaxed its rules on self-cert, allowing loan to be taken out by employed people. But MCCB chief executive Luke March says future compliance monitoring will look into how sales of self-cert products are being justified […]
IFA consolidator Destini has made two more purchases buying former Sesame IFA Applewood Associates and Bervale Mead. The IFAs have six RI s between them and a combined turnover of £1.9m. Both acquisitions were made through a combination of cash and shares. Destini chairman and chief executive Barry Parsons says the 11 acquisitions made in […]
It is time for advisers to urge corporate clients to face the facts. An uneconomic defined-benefit scheme can deplete a company's profits, decimate its share price and damage its competitive position. It may even threaten the company's viability. With the DB liability now based on the full buyout cost of immediate and deferred annuities, most […]
With volatility set to continue, Peter Saacke, manager of the Artemis Global Growth Fund, thinks stock-specific opportunities are on the rise.
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Fighting over those in financial services, rather than garnering interest from outside it, is asking for trouble When you ask the owner of an advice firm what concerns them most, they respond with one of two answers: regulatory change and recruitment. For once, I am going to talk about the latter. Here are the main problems as […]
Columbia Threadneedle is urging Unilever to engage with investors after its decision to establish its main headquarters in Rotterdam. Columbia, one of Unilever’s biggest shareholders, said it was disappointed with Unilever over concerns the move could be damaging for British shareholders. Head of responsible Investment at Columbia Threadneedle Investments Iain Richards said in a statement: […]
Aviva has u-turned on plans to scrap preference shares to investors. In a statement this morning, the insurance giant said that since it mooted the plans in its annual results earlier this month, it had discussed the issue with investors who had provided “strong feedback and criticism.” Based on the responses, Aviva says it has […]