Alliance & Leicester has announced that its intermediary head of sales Mark Blackwell has been made redundant from the lender after just four months in the role.It says this was announced internally to staff this afternoon, with Blackwell set to leave in April.A spokeswoman for A&L says that Blackwell’s job loss was due to its […]
Scottish Life International has designed a new type of trust which it says helps get round the inheritance tax crackdown introduced in the 2006 Budget.The trust allows the settlor to make a potentially-exempt transfer and establish a flexible trust without incurring an immediate IHT charge.Under the 2006 reforms, transfers to trusts become immediately chargeable where […]
If there was ever a doubt New Star founder John Duffield would do anything and everything to turn the fortunes of his business around, this week’s tie-up with Tata Asset Management has answered all the critics.
Over half of financial advisers are confident that this year will turn out to be good for business despite the market volatility.Teamspirit’s Hopes and Fears Influence research shows that 58 per cent of advisers have an optimistic outlook.Sixty-three per cent say that the health of the UK economy is their biggest concern, with regulation and […]
Platforms should brace themselves for a difficult second half of the year as sluggish Isa sales led to a soft second quarter, consultancy Fundscape says. Fundscape’s latest platform market figures show total platform assets – including the advised and direct-to-consumer sectors – grew by £32bn to £604bn in the second quarter of the year. However, […]
Advisers giving defined benefit pension transfer advice can expect to pay nearly double for their professional indemnity insurance premiums at the next renewal than those who do not advise in that area. QPI, which is part of insurance broker PIB Group, says advisers with DB exposure can expect to pay between 2 per cent and 3 […]
Back in April, I wrote a piece explaining why investors shouldn’t give up on bonds just yet. Given the heightened volatility in equity markets this year, I thought it might be a good idea to take a closer look at this asset class, too. The VIX index, which predicts market volatility and is known as […]