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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Invesco seals merger with OppenheimerFunds to break $1trn mark
Invesco has sealed a deal to acquire OppenheimerFunds as the firrm looks to break into the top 10 global investment managers. The deal will see OppenheimerFunds parent Massachusetts Mutual Life Insurance Company sell the asset manager to Invesco, with MassMutual taking a 15.5 per cent stake in Invesco in return. Invesco will manage $1.2trn (£920bn) […]
Consolidator makes 51st buy with latest IFA acquisition
Advice firm consolidator Newell Palmer has acquired midlands IFA Sense Wealth Management in a deal adding another £35m to its funds under management. The purchase is the 51st acquisition made by Newell Palmer since it began trading in 1993. The £35m is split between around 100 active clients from Sense, who will all transfer over […]
RBS and Nest executives appointed to government guidance body board
Three directors have been named to the board of the newly-launched Single Financial Guidance Body. The Department for Work and Pensions has appointed former National Employment Savings Trust chief executive Tim Jones and Royal Bank of Scotland director for products Moray McDonald as non-executive directors. University of Bristol emeritus professor Elaine Kempson will also join the board. […]