T Bailey fund manager Jason Britton went back to school recently giving pupils lessons on how to look after their money wisely. Britton avoided the temptation to tell the kids to lump into T Bailey funds, avoiding the wrath of the FSA, but he could yet fall foul of the Jamie Oliver Authority after reportedly handing out sweets at the end of the session.
threesixty has produced a new guide to wraps to help IFAs assess which platforms to choose. The guide is broken down into sections dealing with how wraps can benefit intermediarie, how wraps can benefit clients, common pitfalls to avoid when using wraps, how to position wrap with your clients, including questions around independence and the […]
Is the FSA doing enough to clamp down on PPI misselling?Yes 45%No 55%Yes “Hopefully it is but you can never be sure. We tend to sell a lot of protection on most of the mortgages we do.”Glenn Malcolm, IFA Financial Services No “I do a lot of mortgages and I do not have a high […]
Lehman Brothers has appointed former RBS stalwart Louis Kaszczak as its intermediary business development executive. Kaszczak, who quit as head of corporate distribution at RBS Intermediary Partners last October, will work across Lehman’s three mortgage brands London Mortgage Company, South Pacific Mortgage Limited and Preferred. Lehman chief executive Simon Hinshelwood says: “I would like to […]
WH Smith’s plans to close its final-salary pension scheme for future accrual have angered trade unions.Around 1,800 shop and office staff will be transferred into the money-purchase scheme along with 700 distribution workers at Smiths News, formerly part of WH Smith Group.The two firms have written to employees proposing the changes and pledged to honour […]
With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.
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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 […]