Your IndustryJun 23 2016

The Week in News

Search sponsored by

Prime Minister David Cameron warned the triple lock guarantee on the state pension would have to be abolished if Britain were to leave the EU.

Santander launching private banking arm

Santander UK is set to launch into private banking, providing bespoke solutions for clients with £500,000 of savings or investments and/or an annual income of £250,000.

Institute warns about Lisas

The Pensions Policy Institute raised concerns about the fact that the Lifetime Isa is not going to be part of the private pension market.

See page 5 for more details.

Virgin Money promotes brokers

Virgin Money has launched a national advertising campaign promoting the benefits of brokers plus a broker directory.

See page 5 for more details.

Zurich keeps up with rivals

Zurich has updated its critical illness plan, adding three 100 per cent conditions and 20 additional payment conditions.

Review on page 5.

Former Schroders equities trader sentenced

Damian Clarke, a former equities trader at Schroders Investment Management, was sentenced to two years’ imprisonment having pleaded guilty to nine counts of insider dealing.

Tuesday 14 June

Oxley quits Old Mutual

Russ Oxley announced he was leaving Old Mutual Global Investors following a “difference of opinion regarding future strategic direction” after only a year at the firm.

Fos reports a surge in Isa complaints

Complaints to the Financial Ombudsman Service about investment Isas shot up by 44 per cent in the space of a year, a Freedom of Information request revealed.