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Widows cuts jobs in customer services

Scottish Widows is to axe 200 jobs after a review of its customer services division. All customer services will operate from Edinburgh.

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Liongate warns on strategy

Fund of hedge fund managers could be overstating the value of accessing underlying managers that are closed to new business, says multi-strategy manager Liongate Capital. It says many funds pitch themselves as adding value through due diligence and providing access to funds that would otherwise be unavailable to the average investor. Partner Jeff Holland says: […]

Cummings warns on policing problems

Aifa director general Chris Cummings says providers checking the quality of advice could lead to confusion over responsibility for misselling.He says it would also result in providers’ second-guessing IFA decisions and lead to problems with the Data Protection Act if providers want evidence to back advisers’ decisions.Cummings says providers take greater responsibility for quality of […]

Swiss Re to axe 2,000 jobs

Swiss Re is to cut 2,000 jobs by the end of 2007 as part of its continuing integration of GE Insurance Solutions to the business.The reinsurer announced the staffing reductions today and said a large number of losses would be through “natural attrition”.Swiss Re completed the acquisition of General Electric’s insurance arm for £3.5bn in […]

Skandia rewrites annuity letters

Aifa director general Chris Cummings says providers checking the quality of advice could lead to confusion over responsibility for missellingHe says it would also result in providers’ second-guessing IFA decisions and lead to problems with the Data Protection Act if providers want evidence to back advisers’ decisions. Cummings says providers take greater responsibility for quality […]

2016 Global Survey of Individual Investors: How is investor behaviour rewriting the job description for financial professionals?

Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]

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