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News

Industry

Apprentice star slapped with nine-month suspended sentence

Former The Apprentice contestant and mortgage broker Christopher Farrell today received a nine-month suspended prison sentence for doctoring applications to hit sales targets.

clock 28 January 2011 •

Long Term Care

Only 4% of people have planned LTC funding

Just 4% of the population has made firm plans to fund their future long-term care (LTC) needs while two thirds (63%) have not even considered the matter, according to ABI research.

clock 28 January 2011 • 2 min read

Structured Products

Structured product comparison site launched

Lowes Financial Management has launched a free-to-use consumer-facing website, CompareStructuredProducts.com.

clock 28 January 2011 •

Your profession

Zurich UK to shut five branches axing 120 staff

Zurich UK Life is proposing to close five of its branches, with the loss of 120 staff, as part of a sales resructure provoked by the RDR and advisers' flight to platforms.

clock 28 January 2011 •

Regulation

Video: Nick Bamford on £93m FSCS levy

The FSCS, FOS and the regulatory environment in general are essential, but something is going "badly wrong" with the system, says Informed Choice executive director Nick Bamford.

clock 28 January 2011 •

uncategorised

New income drawdown rates could 'shock' pensioners

HMRC is creating new figures to calculate drawdown limits which could reduce pensioner incomes, experts warn.

clock 28 January 2011 •

uncategorised

Pensions Trust launches auto-enrolment tool

The Pensions Trust (TPT), a multi-employer occupational pension fund for third sector employers, has launched a tool to help organisations phase in auto-enrolment.

clock 28 January 2011 •

Structured Products

Morgan Stanley offers gilt-backed structured product

Morgan Stanley has launched the FTSE Gilt-Backed Growth Plan 7, a collateralised structured product designed to mitigate credit risk and protect capital.

clock 28 January 2011 •

Investment

Brooks Macdonald takes £545k levy hit

Brooks Macdonald must pay over half a million pounds to the FSCS for its share of the cost to the industry of investment failures.

clock 28 January 2011 •

Wrap/platforms

Cofunds raps D2C partner for targeting clients

Cofunds has told a direct to consumer partner service to remove "aggressive" marketing literature which attempted to lure clients away from the platform with the promise of full commission rebates.

clock 28 January 2011 •
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