West Bromwich Building Society has set up a Shariah-compliant child trust fund. The baby bond will invest in shares on the FTSE Global Islamic index.
Unions representing 1.5 million local council workers are to ballot for strike action over plans to raise their retirement age from 60 to 65. These workers were excluded from DTI Secretary Alan Johnson’s deal with other public sector workers.
Yorkshire Building Society is launching a new 10-year fixed rate mortgage at 4.69 per cent.The deal will be available in branch, online and by telephone from Friday January 27.Interest is charged daily, and loans are available up to 95 per cent LTV. ASU insurance is included free for the first six months.There is a 495 […]
Are endowment-chasing firms operating in the Wild West of financial services? Some of the stories emerging from the the sector would suggest as much.
FundsNetwork has appointed Nic Burton from Scottish Widows as head of insured propositions. At Scottish Widows Burton managed savings and investment products for the UK IFA market, as well as structured and guaranteed products through the bancassurance channel at Lloyds TSB.Burton will have management responsibilty for the platform’s recently launched onshore bond, and planned offshore […]
The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]