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 […]
Former Tilney executive Nick Reeves will join Deutsche Bank as the head of UK financial planning from January. The Frankfurt-headquartered bank says the appointment continues a build out of its markets since UK chief executive Michael Morley was appointed in July 2017. Morley says: “We are committed to building a model advice-led wealth management business […]
The money of thousands of investors from troubled Sipp provider and discretionary fund manager Greyfriars Asset Management have been secured through an acquisition. Sipp administrator Gaudi has successfully transferred 4,000 Sipp and Isa accounts from Greyfriars onto its books. The acquisition agreement was signed on 21 September and has now been completed. Gaudi managing director […]
One in four advisers are working upwards of 50 hours a week and cite complex regulatory and compliance requirements as the catalyst, Prudential research shows. The 2018 Adviser Barometer surveyed 200 financial advisers across the UK and shows just 14 per cent worked more than 50 hours a week last year. Thirty-two per cent of respondents […]