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 […]
Rogue advisers have caused savers to lose hundreds of thousands of pounds after being abandoned to a “Wild West” of pension rules, according to a Sunday Times report. Its report shows how some advisers have exploited the outdated laws and loopholes to lure unassuming investors into high-risk products, leaving them unprotected when dodgy bets have gone […]
Fund manager Miton has surpassed £4.5bn in assets under management as it records profit and revenue growth for the first six months of the year. In the same period the previous year, Miton reported £3.3bn AUM. At the end of August, AUM had risen to £4.8bn. Miton reported profit before tax for the six months […]
IFA consolidator AFH has bought the client bank of Salisbury-based firm Emery Little for a maximum price of £1.6m After the deal, Derek Gibbons will join AFH as an adviser while Brian Little will retire with his clients moving to AFH. AFH will initially pay £870,000 with the remaining sum paid over 26 months, subject […]