The PIA has revoked an intervention notice banning a Surrey firm from carrying out investment business after a successful appeal to the Membership and Disciplinary Tribunal. Millers Financial Services of 345 Whitehorse Road, Croydon, Surrey was suspended on February 24 1998 the after the PIA said "it appeared that it had ceased to be fit and proper".
Skipton Guernsey is launching a 2 year growth bond offering up to 18 per cent growth with a return on capital.The fund will be linked to the FTSE 100 Index and will grow 1 per cent for every 1 per cent rise in the Index to a maximum of 18 per cent.The minimum investment is […]
Royal &Sun Alliance is urging IFAs to target corporate clients before a radical shake-up of Employers' National Insurance Contributions in April.The life office says that the new single rate for employees earning over £23,934 will force an increase in the employer's NIC costs.It has compiled a spreadsheet to help IFAs compare the changes as they […]
Royal & SunAlliance is extending its sponsorship of the Royal Yachting Association in a one-year deal worth £25,000.The life office which has been sponsoring the RYA for 18 months is fronting the cash to fund the RYA's National Youth Speed Challenge.Details of the challenge which is also being backed by the United Kingdom Sailing Academy […]
Howard Flight MP has slammed Government plans for the Lifelong Individual Savings Account despite his avowed support for similar US 401k pension plans.Flight, the joint chairman of Investec Guinness Flight, used last week's Welfare Reform and Pensions bill debate to hit out at the missed opportunity for a "rationalisation and reform of pensions".A key concern […]
New research has proven the positive impact that protection, health and wellbeing (PH&W) benefits have upon a business.
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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 […]