Association of Intertnational Life Offices chief executive Stuart Fairclough has resigned with immediate effect. Fairclough was appointed to the role two years ago to raise the profile of Ailo, increase its membership base and improve the benefits provided to members and is now leaving to pursue other interests.Ailo says all these objectives have been met […]
Friends Provident is to offer access to Fidelity FundsNetwork within its offshore bond. Friends says clients will now have access to FundsNetwork’s 900 funds from 54 providers to allow for easier switching between funds as their investment needs change.
The FSA has fined IFA CFS Independent 25,000 for serious systems and controls, risk management and compliance failures. The regulator concluded CFS had a poor risk management strategy, relied heavily on third parties to comply with regulatory requirements, and was not aware of key obligations when a firm is entrusted with client money and client […]
The Financial Conduct Authority (FCA) has started to change the way that people will be told about their pension options. In a recent market study paper, they lay out their final proposals on the information that should be delivered to people approaching retirement and how it should look and feel. During 2015, there will be […]
Two professional bodies have joined forces to co-brand and promote an Islamic finance qualification. The Chartered Institute for Securities & Investment’s Islamic Finance Qualification was launched in 2007 and has now got backing from the Association of Chartered Certified Accountants. CISI and ACCA signed a memorandum of agreement regarding their collaboration on the Level 3 […]
Directors at national advice firm LEBC have seen their pay packets rise by 10 per cent this year on the back of increased profits at the firm. The highest paid director at the IFA saw their remuneration rise by just over £25,000 in 2018, jumping from £394,000 to £420,000, accounts published today show. Combined, the […]
Auto-enrolment is a much-celebrated success, with around 10 million workers now belonging to pension schemes chosen by their employers. Unfortunately, however, the complexities of pension administration have created a major problem that has the potential to undermine confidence in it. The last thing we need is another pensions scandal splashed across the front pages. Pension […]