Money Marketing
07 January 2010

  • ABI ends accord over doctors' fees

    8 Jan 2010

    The Association of British Insurers has ended its arrangement with the British Medical Association on agreed fees for doctors’ reports and medical examinations.

  • Adviser Fund Index

    07 January 2010

    Adviser Fund Index panellists have moved away from British equities and towards emerging markets and strategic bond funds in the balanced index.

  • Adviser is jailed in £300k fraud case

    7 Jan 2010

    A financial adviser in Scotland has been jailed for two and a half years after defrauding his clients out of almost £300,000.

  • Advisers pressing PwC for update on Keydata payments

    7 Jan 2010

    Advisers are urging administrator PricewaterhouseCoopers to provide information on delays to income payments due to investors with Keydata plans invested with Lifemark.

  • Amnesty could fail to meet HMRC expectations

    7 Jan 2010

    PricewaterhouseCoopers has warned that HM Revenue & Customs’ latest offshore tax amnesty may yield a modest return due to low take-up.

  • Audrey Ryan

    07 January 2010

    The manager of Aegon’s dark-green ethical equity fund has had a challenging time amid the economic turmoil but has produced impressive long-term performance and she sees great potential for growth, particularly with the changing political climate Interview by James Smith

  • Backing for ABI plan to raise the annuitisation age to 80

    07 January 2010

    The Association of British Insurers’ proposal to increase the age of forced annuitisation to 80 has been warmly received by the industry.

  • Borrowers warned as SVRs increase

    8 Jan 2010

    Brokers are warning borrowers against remaining on their lenders’ standard variable rates in 2010 as banks and building societies’ default rates rise.

  • Commission can stay for protection business

    07 January 2010

    Advisers and insurers are relieved at the FSA’s decision to allow commission to remain for protection products.

  • Control centre for client cash

    6 Jan 2010

    Chris Salih and Hannah Stodell report on plans for a new body to regulate how firms deal with client money

  • Court ruling gives advisers Arch hope

    7 Jan 2010

    A recent county court judgment between John Petrie and Standard Life may offer advisers hope over investments into the Arch cru fund range.

  • Cryptic clues

    07 January 2010

  • Cutting Cru

    07 January 2010

    Some people will remember that we were the subject of extreme acrimony from Jon Maguire because we refused to sell Cru funds.

  • Eagle missed the point on basic pension

    07 January 2010

    It is unfair of the Tories to attack the Government for only applying the 2.5 per cent rise to the basic state pension.

  • Equitable brings back interim bonus

    07 January 2010

    Equitable Life has reintroduced an interim bonus of 3.5 per cent to UK with-profits pension policies. Policy values have also been awarded a one-off rise of 2 per cent, reversing the reductions made in March 2009.

  • Ex-Which? chief takes consumer role at FSA

    07 January 2010

    The FSA has appointed former Which? consumer champion Julian Edwards to the new role of consumer senior adviser.

  • Fast-forward to the future

    8 Jan 2010

    Chris Cummings talks about Aifa’s new FFWD academy for advisers looking forward to change their proposition for the better.

  • FSA accused of land-grab at plan to take standards' role

    07 January 2010

    Law firm Pinsent Masons says the FSA’s proposal to take on governance of professional standards is a “land-grab” attempt to protect its terr- itory ahead of a possible Conservative Government.

  • 'FSA takes huge risk with GPP factoring ban'

    7 Jan 2010

    IFAs and product providers slam the FSA’s decision to extend its proposed ban on commission to group personal pensions.

  • Goldman Sachs looks at offshore move

    07 January 2010

    Goldman Sachs is considering moving its London operations offshore after the Government announced plans for a 50 per cent tax on bonuses above £25,000 and 50 per cent income tax for people earning more than £150,000 from April.

  • Gummer is stepping down as MP to focus on climate change

    07 January 2010

    Association of Independent Financial Advisers chairman John Gummer is expected to step down as Tory MP for Suffolk Coast at the next general election to focus on the campaign against climate change.

  • Iceland president halts £3bn cashback

    07 January 2010

    Icelandic president Olafur Ragnar Grimsson has refused to ratify a bill passed by the country’s parliament to repay over £3bn to the UK and the Netherlands.

  • Iceland’s president defends repayment decision

    7 Jan 2010

    Iceland’s president Olafur Ragnar Grimsson defends move to block repayment deal amid concerns over diplomatic repercussions.

  • IFA view: Fee flaws

    8 Jan 2010

    Thameside director Tom Kean says commission is nothing to be ashamed of.

  • IFAs used as 'pawns' in expat fraud

    07 January 2010

    Five men have been jailed for an investment scam which defrauded 56 British expats of £1.93m. According to the Serious Fraud Office, it used overseas IFAs as “unwitting pawns” in the scheme.

  • Ignoring the obvious

    07 January 2010

    The Charles River report to the Association of British Insurers in 2005 found little criticism of the commission system of remuneration.At about the same time as this report, I wrote to the FSA saying that if comm-ission and its effect were to be displayed on illustrations, why not also show the fee charges as an alternative to commission and its effect on long-term investment? After not getting a reply, I spoke to a senior FSA official who said it was a fair point and would be ...

  • Jail for Ponzi culprit

    07 January 2010

    Steven Dagworthy, 45 from Danbury, has been jailed for six years for defrauding investors out of more than £3m in a Ponzi scheme. He was disqualified from acting as a company director for 15 years.

  • Japan could be a surprise success

    8 Jan 2010

    Skerritt Consultants head of investments Andy Merricks believes that Japan could be one of the surprise investment successes of 2010.

  • JOHIM makes first foray into fixed income

    11 Jan 2010

    JO Hambro Investment Management has launched its first two bond funds.

  • Know your onions

    11 Jan 2010

    Julie Lord

  • LibDems say Tory tax plans would cost £7bn

    7 Jan 2010

    The Liberal Democrats have hit out at Tory proposals to cut inheritance tax and stamp duty, saying it will result in a £7bn shortfall.

  • Lobbying MPs is an exercise in futility

    7 Jan 2010

    If you go to your MP and tell them that the QCF level four qualifications you are required to obtain by 2012 are too onerous, do not expect too much sympathy.

  • Maguire resigns as Africa Invest chief exec

    7 Jan 2010

    Jon Maguire has resigned as chief exec of Africa Invest.

  • Meteor is confident on NDFA and DRL asset deals

    7 Jan 2010

    Structured product provider and administrator Meteor Asset Management says ongoing complaints against the company relating to Lehman-backed plans will not affect its deal to acquire assets from NDFA and DRL.

  • Minghella awarded an OBE

    07 January 2010

    Outgoing chief executive of the Financial Services Compensation Scheme Loretta Minghella has been awarded an OBE for services to the financial services industry in the Queen’s New Year’s honours list.

  • MM Leader: Don't damage pension market

    7 Jan 2010

    The FSA’s latest RDR consultation paper contained welcome new thinking, although some concerns persist.

  • More flexibility on alternative assessments

    07 January 2010

    Aifa welcomes the FSA’s more flexible approach to alternative assessments for QCF level four and its plans to extend their availability beyond 2012.

  • Mortgage Times reps left in limbo

    7 Jan 2010

    Appointed representatives of Mortgage Times Group have been left facing an uncertain future after the network ceased trading days before Christmas.

  • New advisers won't have to meet 2012 exam deadline

    07 January 2010

    The FSA says new advisers joining the industry will not be expected to meet the 2012 QCF level four deadline.

  • No guarantee on FSSC licence decision

    6 Jan 2010

    Decision over Skills Council’s future is not guaranteed by January meeting.

  • Police probe pension case

    07 January 2010

    Police have launched a fraud investigation concerning for- mer Rowanmoor Pensions joint managing director David Seaton who died last year.

  • Potter says funds turned into closet trackers to boost returns

    8 Jan 2010

    Thames River co-head of multimanager Gary Potter says a number of funds became closet index trackers last year to produce strong returns.

  • Property tops fund sales league again

    07 January 2010

    Property was the most popular retail sector for investors for the second consecutive month in November.

  • PwC uses debt collectors to chase BIA cash

    7 Jan 2010

    PricewaterhouseCoopers is using a debt collection company to chase former members of collapsed network Berkeley Independent Advisers for misselling liabilities.

  • Rathbones appoints Mike Webb as chief exec of unit trust business

    7 Jan 2010

    Rathbones appoints Mike Webb as chief executive of its unit trust business, replacing the retiring Peter Pearson Lund.

  • Second-rate policy

    7 Jan 2010

    The FSA is failing pension savers with its GPP proposals

  • Sector detector

    8 Jan 2010

    A year ago, few were predicting a strong market recovery, with the general view being that recession and high levels of Government debt would prove difficult for UK investors. Corporate bonds and large-cap UK equities were the safe-haven choices. In the end, 2009 produced positive returns for almost all sectors. What will be the best-performing sectors in 2010?

  • Skandia UK COO and finance director made redundant

    07 January 2010

    Skandia UK’s chief operating officer John Tomlins, finance director Simon Lloyd and platforms delivery director Tim Mann are all being made redundant. At Skandia Investment Group, Steve Kowal and head of investment research Tom Berger are also leaving.

  • Swip launches multi optimal fund

    07 January 2010

    Scottish Widows Investment Partnership has launched its multi-manager optimal multi-asset fund in the UK retail market to be run by Mark Harries and Simon Wood.

  • Tenets for 2010

    8 Jan 2010

    Four IFAs give their verdicts on the outlook for the year ahead

  • The bright side

    11 Jan 2010

    Phil Jeynes says there were some good points to last year

  • The X factor

    7 Jan 2010

    Aegon head of business regulation Steven Cameron says the FSA should allow factoring for the GPP sector.

  • Threadneedle promotes Leigh Harrison and appoints trio of fund managers

    7 Jan 2010

    Leigh Harrison to become head of equities as Threadneedle boosts UK desk with the appoointment of Simon Brazier, Richard Colwell and James Thorne.

  • Towergate buys KB Rollitt

    7 Jan 2010

    Towergate Financial has acquired Newark-based wealth management and financial planning firm KB Rollitt & Company Limited.

  • Transact cuts charges ahead of float

    7 Jan 2010

    Transact is cutting its platform charges ahead of plans to float the business.

  • Warren system to check mortgage advice historically

    6 Jan 2010

    Bill Warren Compliance is offering a retrospective mortgage sourcing system that allows firms to check that the most appropriate product and lender were recommended on past mortgage business.

  • What do the public want from RDR?

    12 Jan 2010

    “There is one fundamental question which seems to have escaped the entire RDR process and that is - what do consumers actually want?”

  • Wilson steps down as chairman of Personal Touch

    07 January 2010

    Personal Touch Financial Services chairman Martin Wilson has stepped down from the network.

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