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 […]
Modern life is complex. One tricky area that touches almost everyone in this country is the tax regime. If you are not subject to that, you are most likely involved in the just-as-difficult and fragmented world of benefits, social care and healthcare. Increasingly, however, many people are having to navigate all these areas at once, […]
Schroders has hired former Tilney chief executive Peter Hall as global head of wealth management, subject to regulatory approval. Hall will replace Andrew Ross who is stepping down to move to take on the role of Schroders wealth management vice chairman. Hall’s position will be effective from 2 January 2019 and he reports to group […]
Standard Life Aberdeen shareholders have approved the sale of the company’s UK and European insurance arm to Phoenix at it general meeting today. Shareholders also approved a plan to return £1bn to shareholders through a “B share scheme” and £750m through a share buyback programme. Standard Life announced in February it was selling its insurance arm […]