Standard Life Healthcare has announced the purchase of the private medical insurance business of First Assist Insurance Services for an undisclosed sum. It is expected for the transfer of business to be completed by 2006. The deal includes the transfer of all people involved in the running of this business along with all current contracts.
Brokers say its four main lending brands – RBS, First Act- ive, One Account and NatWest – need better definition to compete in the intermediary market. Group earnings were 6.9bn for the year to December 2004 and RBS Group vowed to challenge industry giants such as HBOS for market share. But brokers say it has […]
The LibDems have intensified their attack on the A-Day changes allowing residential property in a Sipp, with Sha- dow Chancellor Vince Cable branding the plan “wicked”. Speaking at a fringe conference event in Blackpool org- anised by the IMA, Cable said the move will encourage more people to invest in property at a time when […]
Mortgage Trust Mass Market Buy-To-Let 1 Year Fixed Rate Mortgage
The resource-driven markets posed a major dilemma for UK equity income fund managers in the first seven months of this year , says Standard & Poor’s latest update on the sector. S&P fund analyst Michael Hockings says some managers were reluctant to invest in sectors where profits are dependent on commodity prices and trends are […]
Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]