United Assurance has appointed Alfonso Pacitti as its supplies and services director.
His responsibilities include all aspects of the group's procurement and outsourcing.
Pacitti joins the life office from IBM UK where duties have included the design and delivery of outsourcing services for IBM's insurance clients in the UK and the Netherlands.
He will report to group insurance director Bill McDonald.
The Personal Investment Authority has fined Sussex IFA Horsham Financial Services £15,000 for compliance failings over its pensions review.The disciplinary action was taken after the firm failed to take reasonable steps to carry out a review of its previous pension transfers and opt-out business and maintain adequate records of its pensions review.
Investec Bank (UK) has launched two cash Isa accounts which pay IFAs 0.5 per cent commission.The Premier Tessa-Isa is available for investors transferring the balances of their matured Tessa's, while the Premier Cash-Isa is for new savers.Both Isas pay a current variable rate of 6 per cent. Interest can be paid either on a monthly […]
Friends Ivory & Sime has launched a socially responsible investment service in response to the Government's ethical pensions regulations.The Responsible Engagement Overlay is designed to fit the new regulations from the Government requiring pensions funds to state to what extent social, ethical and environmental considerations have been taken into account in the investment process.The REO […]
The Personal Investment Authority has terminated the membership of Waverley Unit Trust Management.The termination followed a resolution for the firm based in Mount Street London to be wound up.The firm will no longer be authorised to conduct investment business regulated by the PIA.
By Fiona Tait, pensions specialist The chancellor’s announcement of proposed cuts to the Money Purchase Annual Allowance means it will be more important than ever to be able to tell your PCLS from your UFPLS What was in the statement? Not much. The chancellor spared three sentences to inform us that the Money Purchase Annual Allowance will be reduced […]
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Sign up The Pensions Regulator has agreed to share market intelligence on defined benefit transfers on a regular basis with the FCA and The Pensions Advisory Service so trustees can ensure members fully understand the risks involved. In a new formal agreement, TPR will share its reports on DB market intelligence roughly every two weeks with the […]
Advisers explain how out-of-town offices are preferable to city centres and why the retirement market is key It is easy for outsiders to make assumptions about the North East based on the so-called North/South divide. While acknowledging the real challenges in this part of the UK, local advisers are keen to highlight the positives that […]
Advisers are questioning the value that best-buy fund lists have after Hargreaves Lansdown’s opinion-splitting decision to reform its flagship Wealth 150. According to a recent report from consultancy Platforum, 61 per cent of advisers use the services of fund research agencies, while an increasing number of providers and fund supermarkets are launching lists of the […]