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Mainly mortgage news…

Mainly IFA news…

'Black box thinking' would solve DB problems - Pensions Institute

Today

The aviation sector's constant evaluation of errors in order to improve safety should be applied to defined benefit (DB) schemes, as too many are repeating the same mistakes again and again…

Andrew Morris: How can you usefully compare multi-asset funds?

Today

Multi-asset funds cannot be compared on simple performance and risk metrics alone, argues Andrew Morris, with much greater due diligence required on the part of advisers to ensure they are …

Scottish Widows fails to update pension statements for married gay client

Today

Scottish Widows failed to recognise same-sex marriages in letters to customers, telling one client it was unable to fix correspondence despite multiple complaints, according to a report. …

Gars to 1825: 8 hot topics in Standard Life Aberdeen's results

Today

Ahead of the combined group’s results tomorrow we take a look at what could be some of the highlights.

FCA's latest annuity rules 'fundamentally' flawed

Today

New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to …

AJ Bell eyes float plans

Today

Platform and Sipp provider AJ Bell is making preparations to float on the London Stock Exchange, according to a Sky News report.

FTSE falls as Fed reignites fears over rate hikes

Today

FTSE 100 follows US markets into the red as minutes from US Federal Reserve meeting spark another bond market sell-off.

NextGen's Carolan appointed Xentum managing director

Today

NextGen Planners co-founder Adam Carolan has been appointed managing director of Cheshire-based Xentum.

Angry clients ask FOS to 'shut down' Intrinsic after £3 fee error

Today

Intrinsic Financial Planning has been ordered to pay compensation to two customers after it took a total of £3.05 in fees from their pensions without their permission. The Fin…

Fidelity reverses decision to bill clients for research

Today

Wealth managers welcomed the move as Fidelity said it will absorb research costs after 'extensive' client discussions.

AJ Bell plans stockmarket float - reports

Today

Adviser and D2C platform AJ Bell is building plans to go public, following rival Transact, according to reports. The platform, which made a £21.7m pre-tax profit in its last f…

Sipp firm Carey Pensions faces legal claim over unregulated introducers

Today

The Financial Conduct Authority (FCA) is set to attend a High Court hearing being brought against troubled Sipp provider Carey Pensions next month, New Model Adviser® has learned.

SimplyBiz once again eyes IPO with £150m plan

Today

Support services provider SimplyBiz is once again considering an initial public offering (IPO), according to a Reuters report, three years after it dropped plans in favour of remaining independent with other forms of finance.

Rathbones to expand financial planning presence

Today

Rathbone Brothers will expand its financial planning team across a wider range of regions as it looks to pass £40 billion in assets over 2018.

Overnight Markets: US stocks decline after Fed minutes

Today

All three benchmarks gave up early gains in a steep reversal in the afternoon, an hour after the FOMC minutes were released.

Gender pay gap at Tenet revealed

Yesterday

Advice firm Tenet Group was among financial services businesses to have published gender pay gap figures, revealing fewer women in senior positions and as a result, average lower hourly pay…

Aegon pulls out of guaranteed drawdown market

Yesterday

Aegon is set to close its guaranteed drawdown business due to "insufficient demand" despite opportunities presented by pension freedom. The pension provider's guaranteed drawd…

SimplyBiz looking to float - reports

Yesterday

SimplyBiz Group is considering floating on the London Stock Exchange, according to reports. The group is targeting an initial public offering of around £140m and £155m that wo…

Scottish Widows reveals adviser platform plan

Yesterday

Scottish Widows is developing an investment platform for IFAs New Model Adviser® can reveal.

In advice we trust: 14 stats on public's pension awareness

Yesterday

More than a quarter of those who should know better, the over 55s, do not know how their pension works.

Mainly insurance news…

Swinton puts 268 people at risk of redundancy

Today

Broker to close 40 of its branches in latest restructure.

Amanda Blanc “exceptionally pleased” with UK & Ireland performance

Today

The CEO praised the impact of the business' commercial lines division and insisted the "excellent" results had no bearing on McCafferty’s exit.

Steve Lewis confident RSA UK will “bounce back” in 2018

Today

Provider "not concerned" following £116m underwriting loss in 2017.

Moneysupermarket posts 12% insurance revenue rise for 2017

Today

Group revenue, profit and average number of monthly visitors all increase.

Axa UK & Ireland COR improves to 96.3% for 2017

Today

Revenues also went up but underlying earnings fell.

RSA UK reports falling profits in 2017

Today

Provider posts underwriting loss of £116m as COR deteriorates to 104.3% due to catastrophe losses.

CEO Watson "encouraged" by Ageas UK 2017 results

Yesterday

Insurer urges government not to delay new Ogden legislation as it moves back into profit.

Biba, ABI and Lloyd’s join InsurTech Board

Yesterday

New group, part of the Fintech Delivery Panel, will focus on needs of InsurTech startups.

#insagepeople 19 - 25 February 2018

Yesterday

Keep up to date with all the latest people moves.

Cyber hacks reported to FCA by financial firms hit 69 in 2017

Yesterday

FCA figures show that cyber incidents reported by general insurance firms went up from 1 to 11 in just 12 months.

Ageas UK moves back into profit in 2017

Yesterday

COR improves to 103.2% while GWP falls slightly to £1.36bn.

AA targeting over two million motor and home policies in five year growth plan

Yesterday

Company predicts drop in Ebitda for 2019 as it commits to £45m investment plan.

Jon Dye brands 2017 as “landmark” year for Allianz in UK

Tuesday

Ogden change cost reaches £80m at the insurer.

Allianz UK posts improved 2017 operating profit and COR

Tuesday

Revenues at the insurer tick up by 2%.

Seventeen Group buys Rupert Burgoyne

Tuesday

Broker to keep staff and premises as it rebrands as Hallam Burgoyne.

FCA calls for views on how technology can simplify regulation

Tuesday

Watchdog believes accuracy of data submissions could be improved and costs reduced.

Biba reveals extra IPT spending

Tuesday

Trade body confirms extra £700m raised from 2016 IPT rise has boosted flood defences in Calder Valley, Leeds, York and Cumbria.

CBL Insurance Europe ordered to stop writing new business immediately

Tuesday

Brokers and partners told to inform policyholders.

InsurTech Futures: Zurich unveils InsurTech and innovation brand

Tuesday

The Innovation Foundry to focus on partnerships with InsurTech firms and assessing new ideas faster.

Clear buys Robert Alexander

Tuesday

Broker’s premium grows to over £100m.

Mainly international news…