Sesame has blamed claims management companies (CMCs) for a near-100% rise in the number of complaints against it being referred to the Financial Ombudsman Service (FOS).
Legal & General's with-profits fund returned 1.7% in 2011 in a year which saw total bonuses of £459m added to with-profits policies.
Advisers explain why a suite of Treasury-approved simple products could still be helpful to the advice industry, despite widespread opposition and past failures.
Aviva has reduced bonus rates on some of its with-profits funds, citing adverse economic conditions.
The Financial Ombudsman Service (FOS) is in the process of deciding how it will go about publishing its decisions, and one of the main points of contention has been whether or not it should name the firms involved.
Rahul Odedra meets five young gun advisers already making a name for themselves in financial services…
Lawyers hired by the FSCS to pursue claims against IFAs who recommended Keydata have sent out letters with the name and addresses of every firm it is chasing, including details of principals of appointed representative firms.
Aegon-owned advisory business Origen has appointed Mike Kirsch as interim managing director.
AWD Chase de Vere has defended its recommendations as "sound" after it became the latest IFA accused of giving negligent advice on Keydata products by lawyers acting for the Financial Services Compensation Scheme.