With-profits shareholders could see an increase in values of up to 3 per cent under amendments to the policyholder/shareholder split of assets announced by the FSA.
International stock markets have shrugged off news of North Korea’s successful nuclear test despite local markets falling on hearing the news.All Asian markets fell with the exception of Japan and Taiwan which were closed for public holidays, with the Korean market suffering the biggest falls.It fell by 2.4 per cent having been down 3.6 per […]
Socially responsible investments represent a compelling opportunity and a major growth area, say advisers. At the Money Marketing round table, Worldwide Financial Planning IFA Nick McBreen predicted there will be a surge in demand for green investments from the educated, wealth generators of the future. He said: “Green investments are the perfect vehicle for people […]
Norwich Union is the latest fund manager to move into the European commercial prop-erty fund sector. The Luxemburg-domic- iled fund is expected to be launched this quarter, subject to regulatory approval. Although a lead manager for the fund has not yet been named, it is understood that the portfolio will be run along similar lines […]
The Association of Member-Directed Pension Schemes has apologised to the FSA for attacking its “new requirement” for IFAs to carry out research into a client’s religious background when advising on alternatively secured pensions. In a speech last week, Amps chairman John Bradley said he feared it was a back-door attempt by Government to enforce a […]
Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]