View from the top: M&G’s Alex Matcham on people power
Alex Matcham, head of UK wholesale distribution at M&G Investments, discusses what makes a good salesperson and the rise of ‘mega wealth firms’
Sipp
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Vanguard Sipp launch throws down gauntlet to Hargreaves Lansdown
Account fees will be 0.15% capped at £375 annually
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Stricken Sipp provider rescued by pension firm
All staff will be protected as they move to acquiring company
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UK Sipp market to grow by £1.9bn a year
The UK self-invested personal pension (Sipp) market is expected to grow by £1.9bn a year to 2020 despite rising customer complaints, according to the latest research by GlobalData.
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IFA and Sipp providers targeted in £7.3m lawsuit
A UK law firm is representing more than 100 clients in a multi-million-pound lawsuit against an introducer, a financial adviser and two Sipp providers over the miss-selling of a pension investment scheme.
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Major lawsuit taken against Liberty Sipp
A law firm has issued more than 30 cases against self-invested personal pension provider Liberty Sipp, claiming it is the biggest lawsuit ever taken against the provider.
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Serial complainer loses AJ Bell ombudsman case
The Pensions Ombudsman has not upheld a complaint from a client and ex financial adviser accusing AJ Bell of poor service, negligence, maladministration and misconduct, which saw the investment firm take the “unprecedented decision” to end its relationship with him.
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AJ Bell grows revenues amid record new client sign-ups
Online savings firm AJ Bell has reported rapid growth in its revenues after it added almost 12,000 customers in the space of six months.
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Alliance trust buys brewin dolphin execution only business for £14m
Alliance Trust has bought Brewin Dolphin’s execution-only Stocktrade business for £14m pounds in a bid to further strengthen its position as a platform provider.
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Saunderson house unveils discretionary service
Saunderson House is to roll out a discretionary management service by the end of 2015, the firm announced in its interim management statement.
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Rlam reports net inflows of £111m
Royal London Asset Management has reported net new business inflows of £111m, down significantly from £902m reported at the same time last year.
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FCA bans two former TMI directors
Two former directors of failed financial advisory firm TailorMade Independent (TMI), which advised clients on self-invested personal pension (SIPP) transfers into troubled overseas property company Harlequin, have been banned by the Financial Conduct Authority (FCA).