The sad and sorry tale of Equitable Life looks to have reached its final chapter.
Equitable Life policyholders are to get a £1.8bn ‘windfall’ as part of the sale to Reliance Life. Would policyholders call it a windfall rather than long overdue restitution?
The Pensions Management Institute’s Chris Curry warns that state pension knowledge is too low for informed decisions from the public.
The new ban on cold calling will not cover introducers. Many advisers will be far from pleased. In fact this appears to be a pretty abject failure to adapt the law to the real world given what happened with British Steel.
No rewards for failure? Capita is handed a contract to help deal with FSCS complaints. Citywire attacks the decision in light of the firm’s failure over Arch Cru. This is surely highly questionable.
Former Conservative cabinet minister Nicky Morgan gives advisers advice on gender diversity saying: “‘It’s very easy to recruit in our own image. Those in senior roles need to give more permission and power to those in charge of recruiting to actually recruit someone who looks different.”
The former CEO of Vitality Sammy Rubin is setting up a lifestyle B2B insurance business Yulife. Given Guardian's launch, you wait 15 years for one new protection insurance business and then two come along at once.
Which? Mortgage brokerage is accused of taking a cheap shot in its advertising. The campaign says ‘Get the mortgage that’s best for your pocket, not the broker’s’ adding that its brokers don’t receive commission.
Mortgage brokers are up in arms and put Which?’s own model under scrutiny. It receives payments from lenders though admittedly at firm level not at the level of the broker. I think they have been trying to run with the hare and the hounds.