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Standard Health buys First Assist

Standard Life Healthcare has bought the private medical insurance business of First Assist Insurance Services.

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Ailo chief executive Fairclough resigns

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 links bond to FundsNetwork

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.

IFA fined 25k for system failures

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 […]

Equitable battle could see a deal

There was speculation this week that the legal battle between Equitable Life and its former directors and auditors Ernst & Young could reach a settlement.

The FCA’s five fixes for retirement information

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 […]

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