Embark Group and Mazars have consolidated their employee benefits businesses - to be renamed 'Vested' - while Mazars will acquire financial planning firm RCL Consultancy from Embark.
The newly combined business will be owned 51% by Embark and 49% by Mazars and, as such, will be consolidated into the Embark Group. The joint venture will be directly led by Embark chief executive Phil Smith (pictured) and Mazars partner Lorraine Olley. Vested will offer workplace savings, flexible benefits, financial wellness and employee engagement, with solutions offered digitally where possible. The target market will be small and medium-sized UK corporates, with 100 to 750 employees, which...
The Financial Ombudsman Service (FOS) will maintain its current funding model for the next financial year despite recognising it is unsustainable in its current form.
The FCA has confirmed that, while businesses will have to identify certified staff from day one under the Senior Managers & Certification Regime (SM&CR), they will have a year to complete fitness and propriety assessments.
Scott Cadger runs through the four most common reasons people give for not taking out critical illness cover - and some suggestions on how advisers can offer reassurance on each in conversations with clients
The Financial Ombudsman Service (FOS) has sought to provide clarity regarding any potential confusion over the products advisers should recommend to clients to cover a decreasing loan or mortgage.