While Independent Financial Advisers have seen a rise in corporate clients taking out business protection, 46% of all advisers have not yet taken out cover for their own business. This figure climbs to 59% when considering IFAs who are sole traders. These statistics have arisen from the findings of recent research conducted by VitalityLife. VitalityLife […]
12 Dec, 2019
Richard Rowney is due to depart LV= after 13 years with the business. He will step down from his role as chief executive and board member at the firm at the end of this month. Formerly Liverpool Victoria, LV= is amongst the UK’s largest insurance providers, with a reported customer base of around 5 million. […]
The Financial Conduct Authority (FCA) has announced that any marketing of so-called ‘mini-bonds’ will be banned. ‘Mini-bonds’ act as IOUs from companies to investors and are in place for a set period of time, throughout which the investor receives interest at a fixed rate. Investors’ money should then be repaid once this period of time […]
20 Nov, 2019
There has been an increase in the number of first-time buyers entering the housing market, according to new data from UK Finance. The figures, released this week, show that there were more first-time buyers taking their first steps onto the property ladder in September, compared to the same time last year. 29,100 mortgages were completed […]
13 Nov, 2019
New Openwork research shows that over a third of advisers feel there is an urgent need for their companies to recruit more women, into both junior and senior roles. Pollright carried out the research on behalf of Openwork, surveying a group of 100 IFAs. 34% of the respondents called for “immediate action” regarding the recruitment […]
11 Nov, 2019
British Steel is expected to announce a £70m buyout by Chinese industrial firm Jingye, in a rescue deal that could save up to 4,000 UK jobs. The stricken steel manufacturer, which has sites in Scunthorpe and Teesside, went into liquidation in May and has since been kept afloat by the government via the Official Receiver. […]
Thousands of HSBC and Santander customers are expected to receive refunds, due to communication failures by the banks. Under rules set out by the Competition and Markets Authority (CMA), banks must contact their current account customers when they go into an unarranged overdraft, in order to allow them enough time to avoid any associated fines. […]
Uber has been dealt a huge blow by Transport for London (TfL), who confirmed that the taxi hailing app’s licence to operate in London will not be renewed. The decision was made as a result of concerns over the safety of Uber users. According to London Mayor Sadiq Khan: “14,000 Uber journeys have involved fraudulent […]
Google is planning to join other big-name tech brands in the financial services arena, by launching “smart checking” current accounts to its customers. The tech giant is in talks with US banks and credit unions, ahead of the planned launch of the new service through the existing Google Pay platform. In an email statement, a […]
An additional 15 minutes of walking every day could have a significant impact on the global economy, according to new research. Increased physical activity could lead to lower mortality rates, reduced sick leave and increased workplace productivity, with workers gaining up to five additional days of productivity each year. It is thought that the result […]