The FSA has fined UBS 100,000 for failures in its systems for reporting transactions in financial instruments from May 1999 to October 2005.In July UBS Wealth Management made a suspicious transaction report to the FSA. Following a review of the report by the regulator it was established the transaction had been incorrectly reported as a […]
Commercial pressures and new technology have forced a sea change in the way that advisers are choosing to receive training and development support, according to Sesame head of proposition delivery Andrew Oliver. Analysis by Sesame among advisers has highlighted a shift in preferences for how people receive training and while face- to-face workshops continue to […]
Royal London Private Equity Partners is changing its name to RJD Partners as its four principals buy the firm. The four principals of RJD Partners, chief executive David MacLellan and directors John Dillon, Richard Caston and Duncan Johnson are increasing their shareholdings to 85 per cent with former parent mutual insurer Royal London maintaining a […]
Those of you who have read any of the political manifestos over the previous weeks may have noticed one glaring omission from all the publications: the subject of welfare reform and the role that income protection could (and probably should) play in this process.
Advisers’ professional indemnity policies will no longer exclude Financial Services Compensation Scheme claims, the FCA has confirmed today. Some current PI insurance policies have excluded the FSCS as a claimant, or exclude claims where the firm provider or fund has become insolvent. Following feedback from a July consultation paper however, the regulator confirms changes to its handbook […]
Poor choice of pension products can make older Brits dissatisfied and depressed in retirement, research by Legal & General and Demos found. Analysis of the English Longitudinal Study of Ageing has found evidence of a link between health and well-being and the choices people make about how they use their pension savings. The research found […]
The average UK house price fell by £5,222 or 1.7 per cent in November, according to Rightmove. The property website tracks asking prices of properties coming on to the market and says prices are falling fastest in Britain’s wealthiest towns as Brexit uncertainty grips the property market. Rightmove reports that the biggest falls are in […]