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Towry Law reaches £1m mark

Towry Law Financial Services has passed the £1m mark in the electrical trading of investment bonds since its system went live in March.

Towry Law is trading electronically with Norwich Union, Legal & General, Clerical Medical, Prudential, Axa Sun Life and Scottish Mutual.

Towry Law product services director Charles Levett-Scrivener says: “Hard work from our e-commerce team and our trading partners at MG Admiral and The Exchange FS has allowed Towry Law to maintain its leading position for technology. Towry law is the catalyst for the introduction of e-commerce throughout the IFA sector.”


MPs criticise ABI&#39s role on genetics committee

A prominent Parliamentary committee is calling for a two-year moratorium on genetic tests by insurance companies. The science and technology committee, chaired by Tory MP Dr Michael Clark, issued its much anticipated report this week, saying there are serious concerns about the use of any test by the industry not expressly approved by the Government&#39s […]

Insurance plan will cover RIs

An insurance scheme to help IFAs facing the prospect of challenges from financial regulatory bodies has been launched by Justice in Financial Services. The scheme from JIFS differs from PI insurance and is intended to complement, not replace, PI. Unlike standard PI cover, the scheme provides support to the registered individual. If an RI is […]

Advice quandary as decision on AVCs is delayed

IFAs are slamming the Inland Revenue for stalling a decision over whether to reinstate tax-free cash for AVCs and FSAVCs, leaving them in an advice quandary.IFAs say delaying a decision leaves them unable to give proper advice on whether clients would be better off sticking with AVCs or choosing stakeholder.The Inland Revenue says it is […]

Life of the third party

In the pension market, it has been normal in the past to either carry out administration in house or to use a third-party administrator either on a stand-alone basis or packaged with an investment facility. But the onset of stakeholder has led to a significant change in the market. Stakeholder has meant providers have made […]

Brexit Commentary from Natixis Global Asset Management

By David F Lafferty, CFA, SVP – Chief Market Strategist Thursday’s historic Leave vote in the UK will have both immediate and long-term consequences for the global economy and financial markets. The initial flight-to-quality reaction across asset classes has been exacerbated by the market’s misplaced confidence in a Remain victory leading up to the vote. Stock markets […]


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