Standard Life walked off with Company of the Year for the second year in a row. Second place again went to Norwich Union while third went to Scottish Provident. Standard Life chief executive (UK operations) Jim Stretton says: "We are delighted to have been named Company of the Year. This is a tribute to our staff who have continued to deliver top levels of customer service. We firmly believe that the single most important factor where we differ from the competition to strive not only to meet expectations but to exceed them." Norwich Union spokeswoman Liz Maw says: "It is still an achievement to be awarded for all we do. We believe we have been recognised for our work with IFAs in terms of marketing support and product development."
Solicitors who give financial advice are worried they will face the burdenof two sets of regulation when the Financial Services and Markets Billtakes effect.They are currently regulated solely by the Law Society but responsibilityfor financial business will pass to the FSA this year.The concerns were voiced at the Solicitors for Independent FinancialAdvice annual conference last […]
I am not much of a football fan but last week definitely looked like agame of two halves. A lacklustre opening for the week turned into quitespring-like behaviour as technology issues shrugged off the gloom that hassurrounded them recently. I admit to becoming a little nervous over theprospects for our own technology conference due in […]
Standard Life is firing the opening salvo in defence of its mutuality thisweek by writing to its 2.3 million members outlining how the mutual hasoutperformed its plc rivals.The mailing will claim the possibility of “one-off windfalls of uncertainvalue in two years do not justify demutualisation.The document will highlight how payouts from Standard's life and pensionpolicies […]
The FSA is to join an Aifa forum on the professional indemnity market in abid to dispel fears of a retrospective review.The forum, which will meet three times a year, is part of a step-by-stepplan that Aifa has drawn up to help restore “order and stability” to the PImarket for IFAs and drive down the […]
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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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]