Standard Life’s wrap launch could be delayed until next year.Marketing director John Taylor says he hopes the project will be launched by December but at the latest ahead of Standard’s demutualisation, which could be next summer. The wrap project was init- ially expected to launch in the second or third quarter of this year. Taylor says Standard wants to avoid rival wraps’ strategy of phased entry into the market, which he says IFAs have not liked. He claims that Standard Life will launch a full and comprehensive offering from day one. The company is in talks with wrap providers around the world, including the US, Australia and New Zealand, although Taylor stresses it will not be a case of exporting a particular model in full. Taylor says: “We still hope to launch by the end of the year and will be very disappointed if it is not launched by the time of demutualisation but we have learnt from rivals that a phased entry into the market does not work.”
The Women’s IFA Group is opening its membership to all types of adviser following depolarisation and changing its name to the women’s financial adviser group. Wig has around 1,000 members but founder Fiona Price believes numbers could triple in five years as it brings whole of market, multi-tied, tied and mortgage advisers into the fold. […]
The court will take into account all the assets of a married couple when deal- ing with their divorce. We can consider each of them in turn and then return to them collectively.
Leeds & Holbeck
Five Year Fixed Rate
Two weeks ago, I was talking to the head of commercial development at a major IFA firm about the ways in which the market has changed in the last few years.
By Jamie Clark, Business Development Manager, Royal London Hot on the heels of consultations on tax relief and pension transfers and early-exit charges comes a new investigation into the advice gap, and how this can be bridged. Ever since the new pensions freedoms were introduced, concerns have been raised about how people can get access […]
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Aberdeen Standard Investments has agreed a joint venture with Virgin Money to provide asset management services to its customers. Under the terms of the deal, Aberdeen Standard will acquire 50 per cent of Virgin Unit Trust Managers for an upfront cash payment of £40m. The transaction is expected to be completed by the end of […]
Fewer savers are turning to an adviser before fully cashing out their pension, latest FCA figures show. Between April and September 2017, just 32 per cent of full withdrawals were advised, down from 44 per cent the previous year. 95 per cent of the decline in advice was attributed to cash outs for pots under […]
Hargreaves Lansdown will be able to return “loyalty bonuses” to investors tax-free after winning a legal battle with HM Revenue and Customs. The fund shop says at least £15m will collectively be returned to around 150,000 investors. HMRC has 56 days to appeal the decision of the Upper Tax Tribunal that loyalty bonuses are not […]