Michael Bolton’s new lender Edeus has sparked a war of words among the classicists in the mortgage market.Money Marketing was inundated with emails after being told by one classicist that Edeus means “from God”. Other Latin “experts” insist it means “away from God”, with one wondering whether that means Bolton’s mortgages are from the devil. What is not in doubt is that Bolton has hailed himself as the self-proclaimed god of the mortgage market, but as one influential industry figure put it: “I thought Ray Boulger was the god of the mortgage market.”
Aegon UK chief executive Otto Thoresen is warning product providers are in danger of cannibalising each other’s businesses and says they need to move away from indemnity commission. He says Aegon will continue paying indemnity to support advisers, particularly at a time when there is short-term need, but even advisers who rely on the cash […]
The CII has proposed a new approach to its corporate governance to reflect best practice in the 21st Century, strengthen accountability and increase membership engagement.
Skipton Building Society
Flexible Base Rate Tracker Capped Rate
Merrill Lynch Investment Management has obtained distributor status for its offshore MLIIM India fund, making it available to UK investors.
Did you know that 60 per cent of business owners said they had no protection in place to cover the cost of buying shares should a business owner die?*
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]