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Pension reforms "significantly increase" need for advice

Pension reforms "significantly increase" need for advice

Independent financial advisers unanimously agree that the government's recent pension reforms coupled with the rise in life expectancy have significantly increased the requirement for ongoing financial advice to clients during retirement, according to a new study by Investec Wealth & Investment.

02 Oct 2015

Equiniti announces £390m LSE float

Equiniti announces £390m LSE float

Equiniti Group has announced its plans to float on the London Stock Exchange this month.

02 Oct 2015

Six months to the MCD: a new era of compliance - but is the industry ready?

Six months to the MCD: a new era of compliance - but is the industry ready?

[Bradley Moore, director of second charge loans at Brightstar, talks about the impact of the MCD's looming deadline and explains why brokers should prepare for change.]

02 Oct 2015

FCA plans 2018 deadline for PPI claims

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FCA plans 2018 deadline for PPI claims

The FCA is consulting on the introduction of a deadline by which consumers would need to make their PPI complaints or else lose their right to have them assessed by firms or by the Financial Ombudsman Service.

02 Oct 2015

Shawbrook appoints new CEO

Shawbrook appoints new CEO

Shawbrook Group has announced that Steve Pateman will join the Group as its new Chief Executive Officer.

02 Oct 2015

Old Mutual Wealth and Intrinsic launch national advice business

Old Mutual Wealth and Intrinsic launch national advice business

Old Mutual Wealth and Intrinsic are launching a national advice business, Old Mutual Wealth Private Client Advisers.

02 Oct 2015

Exeter Family Friendly undergoes rebrand

Exeter Family Friendly undergoes rebrand

Protection and healthcare insurer, Exeter Family Friendly, will re-brand as The Exeter from Monday 5th October.

01 Oct 2015

A prominent intermediary market

A prominent intermediary market

As we wait with baited breath for the rumours of an impending Indian summer to come to fruition, a more reliable place to look for some real heat is within the UK mortgage market.

01 Oct 2015

Hargreaves Lansdown restricts advisory service

Hargreaves Lansdown restricts advisory service

Hargreaves Lansdown is restricting the advisory service it offers in a bid to improve the advisory services it offers, simplify its fee tariff and remove the minimum portfolio size for advice.

01 Oct 2015

Old Mutual Wealth trials online advice service

Old Mutual Wealth trials online advice service

Old Mutual Wealth is currently piloting an online simplified advice service developed in conjunction with advisers.

01 Oct 2015

 

Aegon launches new fund for digital pension customers

Aegon launches new fund for digital pension customers

Aegon UK has launched Retiready Stability, a new fund for pension customers on its popular Retiready digital service, bolstering the range of investments available to the platform's 75,000 digital pensions customers.

01 Oct 2015

FCA considers ban on non-advised annuity commission

FCA considers ban on non-advised annuity commission

In a consultation paper published today, the FCA discussed whether commission should be capped or banned on non-advised sales of annuities, which the regulator said would immediately address concerns that customers may pay more for non-advised than advised sales.

01 Oct 2015

Freedom Finance reports record intermediary growth

Freedom Finance reports record intermediary growth

Freedom Finance's intermediary department has more than doubled its staff numbers after hiring new recruits for broker support, underwriting, packaging and sales support.

01 Oct 2015

FCA: risk warnings not required for pension pots under £10k

FCA: risk warnings not required for pension pots under £10k

The FCA have removed the requirement for a firm to go through the question and answer process of the rules when a consumer has a pension pot of £10,000 or less and where there are no safeguarded benefits.

01 Oct 2015

Scottish Widows Chief Executive steps down

Scottish Widows Chief Executive steps down

Lloyds Banking Group has appointed Antonio Lorenzo as interim Group Director of its Insurance division and Chief Executive of Scottish Widows following Toby Strauss's decision to leave the Group after four years.

01 Oct 2015

TBMC's Andy Young to retire

TBMC's Andy Young to retire

Andy Young, CEO of buy to let mortgage specialist TBMC, has today announced he is to retire at the end of November.

01 Oct 2015

IRESS: MMR boosts intermediary market share

IRESS: MMR boosts intermediary market share

The intermediary mortgage market is seeing a resurgence following the introduction of MMR 18 months ago, according to research by IRESS.

01 Oct 2015

Annuity sales to people in ill-health plummet by 60%

Annuity sales to people in ill-health plummet by 60%

Sales of enhanced annuities to people with a reduced life expectancy continued their downward spiral in the first six months of 2015, according to research by Towers Watson.

01 Oct 2015

L&G's Early Warning System reinstates policies worth £125m

L&G's Early Warning System reinstates policies worth £125m

Legal & General affiliate IFAs and tied advisers helped their clients claim £23.4 million so far this year, thanks to the firm's Early Warning System technology.

30 Sep 2015

MiFID II: The sequel - Just when you thought it was safe to go back into European regulation

MiFID II: The sequel - Just when you thought it was safe to go back into European regulation

Introduced in 2007, the Markets in Financial Instruments Directive is referred to by the FCA as "the cornerstone of the European Union's regulation of financial markets"and provides UK firms with a 'passport' to trade across Europe.

30 Sep 2015

Mortgage Brain launches ConveyancingBrain

Mortgage Brain launches ConveyancingBrain

Mortgage Brain has announced the launch of ConveyancingBrain - a new conveyancing service dedicated solely for mortgage brokers.

30 Sep 2015

The offer of a lifetime?

The offer of a lifetime?

We're all susceptible to getting drawn in by special offers. How many of us have bought something we don't necessarily need from the supermarket simply because it was on special offer?

30 Sep 2015

Prudential enters non-advised drawdown market

Prudential enters non-advised drawdown market

Prudential has launched the Pension Choices Plan, a new non-advised personal pension and drawdown product which will give savers access to the full range of pension freedom options.

30 Sep 2015

HSBC cuts rates by up to 0.61%

HSBC cuts rates by up to 0.61%

HSBC has reduced the interest rates on the majority of its standard range fixed rate products.

30 Sep 2015

House price gap at record high as London growth hits double figures

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House price gap at record high as London growth hits double figures

In cash terms, the gap in average prices between the South and the North of England is at a record high, exceeding £150,000 for the first time, according to Nationwide.

30 Sep 2015

FCA: financial services complaints up 11.6%

FCA: financial services complaints up 11.6%

The latest complaints data published by the FCA shows financial services firms received 2,138,209 new complaints between January and June 2015.

30 Sep 2015

TISA calls for clarity over key themes in MiFID II

TISA calls for clarity over key themes in MiFID II

TISA has called for greater clarity and understanding around the issues of appropriateness and product governance in MiFID II, ahead of the FCA Consultation Paper in December.

30 Sep 2015

Retirement Advantage expands equity release range

Retirement Advantage expands equity release range

Retirement Advantage have announced the expansion of their current product range, to reintroduce Lump Sum Gold, Voluntary Select Gold and Interest Select Platinum equity release products alongside their Interest Select Gold product.

30 Sep 2015

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