Former Standard Life Savings chief executive Geoff Towers is leaving the group at the end of March. Towers moved into the role of category director, established affluent in January.
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Axa terminates MPPI contract with Berkeley Alexander
Axa has terminated its contract with Berkeley Alexander to underwrite two of its mortgage payment protection insurance products.
Living wills to be the gauge for risk
Legal Matters
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Tories would introduce unilateral bank levy
David Cameron says the Tories will introduce a tax on banks if the Conservatives win the election, even if other countries do not follow suit.
RDR: Adviser fund charges must be in line with competing products
Advisers who recommend distributor influenced funds will not be able to adopt higher charges than those for recommending other competing products, according to the FSA.
Creating opportunity out of change
By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]
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FOS appoints former Which? boss to lead review into complaints failures
The Financial Ombudsman Service has appointed Money and Mental Health Policy Institute vice chair Richard Lloyd to lead an independent review into its complaints handling process. The former Which? executive director has been charged with producing a report into FOS’ practices after a Channel 4 documentary earlier this year suggested a number of failures at […]
Aberdeen Standard votes against ‘excessive’ pay at Persimmon
Aberdeen Standard Investments has voted against multi-million pound payouts for senior executives at housebuilder Persimmon. Persimmon held its annual general meeting today. There was a huge outcry at the end last year when it emerged the chief executive, chief financial officer and managing director of Persimmon were in line for huge pay packets as a […]
Tony Wickenden: Using VCTs and EISs in retirement planning
Consideration of non-pensions related tax-advantaged investment is becoming more necessary This week I want to take a look at where things stand in relation to pensions and planning using tax-advantaged investments following the Spring Statement. With the increasing impact of the lifetime and annual allowances, consideration of non-pensions-related tax-advantaged investments is becoming ever more necessary […]