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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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]