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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Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
Fund managers like to trade off having a unique style. There thousands of funds out there to choose from – the question I often hear from advisers is: what makes this person different? Sometimes this can be a really tough one to answer. “We invest for the long term” is all fine and good, but […]
With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]