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News

Your profession

CII to launch further pilot on Level 4 alternative assessment

The CII will press ahead with plans to develop alternative assessments for advisers seeking a non-examination route to the RDR's QCF Level 4 qualification minimum.

clock 21 October 2010 •

Economics / Markets

FTSE powers to six-month high

The FTSE leapt to a six-month high on Thursday thanks to bumper corporate results across Europe and the US and a strong showing from miners.

clock 21 October 2010 •

uncategorised

Partnership offloads Annuity Direct

Retirement solutions provider Partnership has sold online advice service Annuity Direct to Retirement Angels for an undisclosed sum.

clock 21 October 2010 •

Individual Protection

Protection academy to launch next year

A national independent protection training academy has been formed by the Protection Review and Personal Finance Society (PFS).

clock 21 October 2010 •

Investment

Pension scheme trustees arrested for fraud

Several people connected with Tudor Capital Management, a pension scheme administration service provider, have been arrested on suspicion of fraud, cheating the public revenue and money laundering.

clock 21 October 2010 •

Investment

CarVal charging 14.5% above LIBOR for Lifemark loan

CarVal, the US hedge fund, will charge cash-starved Keydata-backer Lifemark 14.5% above LIBOR for its ‘rescue' loan.

clock 21 October 2010 •

Your profession

Bank levy will raise £2.5bn a year

A permanent annual levy on bank balance sheets is expected to raise about £2.5bn for the Treasury every year, the government said today.

clock 21 October 2010 •

Your profession

FSSC to become charity and be renamed

The Financial Services Skills Council (FSSC) is set to become a charity and change its name to the Financial Skills Partnership (FSP).

clock 21 October 2010 •

ETFs

Bank sector ETFs see largest net inflows

ETFs tracking banks have seen net inflows of $284.4m year-to-date, marking the Stoxx Europe 600 sector with the highest inflows, according to BlackRock.

clock 21 October 2010 •

Critical Illness

PruProtect adds definitions to CI product

PruProtect is taking another step on the critical illness (CI) conditions war by adding eight new definitions to its product.

clock 21 October 2010 •
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