Winterthur life is setting up an online valuation fund-switching and admin service for advisers.Advisers can now get up- to- the-minute policy and portfolio information for clients with Winterthur personal pension, Sipp trustee investment plan, SEction 32 and EPP contracts. The site offers online fund switching and premium redirection, client summary reports downloadable as PDFs and bulk data downloads to help IFAs produce their own management information reports using spreadsheet software. The policy services facility follows the recent introduction of other online services, including a flexible Sipp product which offers advisers access to the Cofunds supermarket and an equity trading platform through SquareGain. Winterthur new products manager Andy Shepherd says: “This new facility shows our commitment to the adviser community, to help improve back-office efficiencies at adv-iser firms and at Winterthur and to help advisers provide even greater professional support to their clients.”
Which? says that the recent PPI investigation carried out by the FSA is shocking but unsurprising.
Commenting on the update on PPI principal researcher Mike Naylor says: Which?, says: “The results of the FSA investigation are confirm that many financial companies aren’t complying with the new regulations that have been in effect since January this year.
“There’s a real danger that many people have been sold unsuitable policies, are paying more than they thought or don’t realise they won’t get a lot of their money back if they cancel the policy.”
A wave of M&A activity brought the market back from the dead on October 31, says Matt Davis
Income drawdown has been a disaster for over 100,000 pensioners who will be significantly worse off than those who chose to buy annuities in 1995, says a report by Annuity Direct.
Two of the industry’s highest profile advisers who backed New Star Asset Management from launch are playing down their holdings as it floats on the Aim this week. Hargreaves Lansdown director Peter Hargreaves has seen his 50,000 investment more than double to 120,000 in five years while Chelsea Financial Services managing director Darius McDermott has […]
The strong dollar is hurting exporters, but the domestic economy is growing, the banks are strong and consumers are paying off their debts, says Cormac Weldon, head of Artemis’ US team.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]