Tilney Investment Management has bought Clydesdale Bank’s discretionary investment management business.
Pru has slashed the interest rate on its flexible lifetime mortgage product offered through intermediaries It comes down from 6.45 per cent to 6.02 per cent. Pru has also declared that advisors will be paid an additional 450 on top of their commission, even if the customer only draws down the minimum amount.Pru claims that […]
The Law Commission is calling for a review of insurance contract law, specifically on life insurance issues around non-disclosure and civil partnership laws.
Alliance Trust Savings has appointed Ian Dawson as head of business development to promote its full range of pensions andinvestment plans to professional advisers.Ian will lead a team of consultants based in Dundee and London who willadvise IFAs, solicitors, accountants, fund managers and other professionals about ATS services, including its full and self-select SIPPs, SSASs, […]
BM Solutions wants the mortgage market to follow Asda’s example of paying for rejected applicants to check their credit history. The HBOS-owned lender claims the move could help generate customer loyalty and help the fight against identity theft and fraud, as customers can view all mortgage, loan and credit card applications made in their name. […]
By Lorna Blyth, Investment Marketing Manager Delivering a decent drawdown review process takes time and resources. This article looks at how you can manage drawdown clients in a more cost-effective way. Most advisers are seeing an increase in drawdown clients following pension freedoms. Often these are clients with lower fund sizes, which means advisers are […]
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]