Money Marketing
1 April 2010

  • A break with convention

    1 Apr 2010

    Fixed-level annuities may no longer be the best solution for today’s pensioners says MGM’s Aston Goody.

  • A law unto themselves

    1 April 2010

    At risk of being too controversial, do they really want us to be more like lawyers?

  • Adviser Fund Index: Driving forces

    1 April 2010

    This January saw record sales for the month, with £1.8bn of net inflows into retail funds. This was an increase of 55 per cent from January 2009 sales figures and it pushed total funds under management to £470.1bn, 32 per cent higher than at the same time last year.

  • Advisers say FSA needs to probe bank protection sales

    1 April 2010

    Sales standards of pure protection products sold by mortgage intermediaries are being reviewed by the FSA to ensure patterns of commission-driven sales do not arise.

  • Aegon annuity sales head made redundant

    1 Apr 2010

    Aegon head of annuity sales Mark Cardy has been made redundant while annuity development manager Jeremy Haines is looking to be redeployed after his role was also axed.

  • Alternative assessments

    1 Apr 2010

  • Aussie TV discovers ex-Money Portal director Morris living in luxury Sydney home

    1 Apr 2010

    Australian TV network Seven has uncovered former Money Portal director Tony Morris living in one of Australian’s most expensive homes.

  • Balance the borrowing

    1 Apr 2010

    Nic Cicutti says there must be better scope for borrowers to buy a home.

  • Beware the RDR bulls

    1 Apr 2010

    All the retail distribution review bluster detracts from the real issues

  • Big rise in FSA ordering costly compliance checks

    1 Apr 2010

    Aifa sounds the alarm over increase in adviser firms issued with section 166 notices.

  • Bond outlook

    6 Apr 2010

    Fund managers give their views and selections on the prospects in the bond market while, on the page opposite, IFA Brian Dennehy says the sector is still offering advantages over equities

  • Bringing it home

    6 Apr 2010

    Understanding the definition of residency is key to making sense of recent legislation changes in this area

  • BSA confused by FSA risk 'straitjacket'

    1 Apr 2010

    The Building Societies Association has slammed the FSA’s latest guidelines.

  • Buxton's alpha mater

    6 Apr 2010

  • Caught in the middle

    2 Apr 2010

    A new HMRC scheme to tackle mortgage fraud could cause problems for IFAs, reports Paul Thomas

  • Caution needed with Qnups

    1 Apr 2010

    Guernsey Qrops provider Concept Group is urging advisers to approach qualifying non-UK pension schemes with caution until HM Revenue & Customs provides more clarity.

  • Check on the back books

    31 Mar 2010

  • Chelsea FS drops Jupiter income from leaders list

    1 Apr 2010

    Chelsea Financial Services has dropped the £2.8bn Jupiter income fund from its leaders range of funds for the first time.

  • CII draws up its alternative assessment

    31 Mar 2010

    Tests to include case study, role play and technical interview as part of an assessment day.

  • Closing time

    1 Apr 2010

    Premier Asset Management’s David Hambridge the once in a lifetime opportunity for huge corporate bond profits no longer exists.

  • Clouded judgement

    2 Apr 2010

    Tony Bridgland says banning commission for IFAs is the wrong approach when a simple return to tried and tested practices could keep small firms in business and boost savings rates

  • Commission to look at care funding

    1 April 2010

    The Government is to introduce a compulsory levy to fund long-term care needs and has set up a commission to investigate funding.

  • Compliance costs soar

    1 April 2010

    The estimate for compliance cost of the RDR for advisers has skyrocketed, with one-off costs rising from £430m to between £605m and £750m.

  • Credit where it's due

    6 Apr 2010

    James Smith reports that after a stellar 2009, corporate bonds have fallen out of favour with investors but fund managers believe there is still fair value to be found in the credit market

  • Deadline is welcomed for re-reg

    1 April 2010

    Advisers have welcomed the FSA’s aim to force platforms to allow assets to be re-registered off their platform by the time the RDR is implemented.

  • Deliver the future

    6 Apr 2010

    Lifesearch’s Emma Prescott says insurers need to develop their systems with flexibility.

  • Duty bound

    1 Apr 2010

  • Fight goes on as FSCS rejects protests and increases levy

    1 Apr 2010

    Aifa awaits legal opinion while Regulatory Legal looks to launch a Judical Review after FSCS refuses to back down over levy.

  • Fit to be tied

    2 Apr 2010

  • Friends launches corporate investment platform

    31 Mar 2010

    Friends Provident has launched its new corporate investment platform aimed at employee benefit consultants and trustees in the unbundled pensions market.

  • FSA stands by forecast of higher costs for fee-based firms

    1 April 2010

    The regulator has stood by its prediction that fee-based firms will be hit by higher RDR compliance costs, as they typically pay higher salaries, making additional man-hours more valuable.

  • FSCS adds structured bill to levy on advisers

    1 Apr 2010

    ’Why should retailer have to stump up for manufacturing fault?’

  • Gartmore confirms Rambourg may have violated trading rules

    31 Mar 2010

    Gartmore chief executive officer Jeffrey Meyerhas confirmed reports that Guillaume Rambourg was suspended as he may have directedorders to buy and sell shares to favoured brokers, violating internal rules.

  • Gartmore suspends Rambourg in trading probe

    1 April 2010

    Gartmore has suspended fund manager Guillaume Rambourg pending the outcome of an internal probe regarding possible breaches in directing trades.

  • Hargreaves Lansdown suspends Rambourg fund from Wealth 150

    1 Apr 2010

    Hargreaves Lansdown has withdrawn the Gartmore European absolute return fund from its wealth 150 following the suspension of fund manager Guillaume Rambourg.

  • Hidden treasures

    2 Apr 2010

    Jupiter growth and income is an example of an auspicious fund overlooked simply because it does not reflect its sector

  • IFAs face crackdown on platform choice

    1 April 2010

    Tough action will be taken against advisers who fail to assess the suitability of platforms for their clients after an FSA review uncovered poor practice.

  • IFAs on the hustings

    6 Apr 2010

    With the general election expected to be called today, we take a look at the IFAs and other financial services names looking to win Parliamentary seats.

  • Ignis set to offer absolute fund

    2 Apr 2010

    Ignis Asset Management is looking at launching an absolute return fund as part of a widening of its fixed-income range, Money Marketing understands.

  • IMA urged to add sectors after bringing in offshore funds

    1 Apr 2010

    Fund managers and advisers have called for the Investment Management Association to set up more sectors after announcing that offshore funds will start to be added to the existing sectors this month.

  • In good company

    1 Apr 2010

    Economic news has been mixed this year but for the European corporate sector, the figures are telling a happier story

  • James Hay staff fear axe in IFG business review

    1 Apr 2010

    The entire James Hay workforce is facing the risk of redundancy following its £38.9m acquisition by IFG last month.

  • Japan changes the record

    2 Apr 2010

  • Job cuts looming at HML

    1 April 2010

    Third-party mortgage servicer HML has told staff it could cut over 100 jobs across the 2,000-strong workforce.

  • Manchester BS profits plunge

    1 April 2010

    Manchester Building Society’s profits fell by 71 per cent in 2009 to £700,000 from £2.4m in 2008 after it wrote off a £2.5m shareholding in disbanded network Network Data.

  • MM Leader: FSA finally comes up with a deadline for re-registration

    1 Apr 2010

    Not before time, the FSA has decided to get tough with platform operators over the re-registration of assets on to other platforms.

  • Myners' strike

    2 Apr 2010

    “For the last six months I have been involved in a dreary correspondence with Lord Myners regarding the removal of the 15-year long-stop defence.”

  • NAPF in plea for £8k state pension

    1 April 2010

    The National Association of Pension Funds has called on the Government to create a simple state pension that pays £8,000 a year.

  • New shores

    2 Apr 2010

    Chris Salih on the IMA’s move to add offshore funds

  • Nothing ventured

    4 Apr 2010

    The second of two articles on VCTs focuses on the tax treatment of the investor

  • Origen blends annuity with asset-backed plans

    1 Apr 2010

    Origen is working on a retirement income proposition that combines a conventional or enhanced annuity with more flexible asset-backed products.

  • Out of Context

    1 Apr 2010

  • Parish Walk 2010 Charity Challenge

    1 April 2010

  • Payment ban splits firms

    1 Apr 2010

    The FSA plan for banning any payments between providers and platforms, including all rebates, has split the platform industry.

  • PICA urges politicians to reform open market option

    1 Apr 2010

    The Pensions Income Choice Association is urging all political parties to include open market option reform in their election manifestos.

  • Pressing charges

    1 Apr 2010

    John Greenwood argues in defence of Nest’s recently announced charging structure.

  • Product lottery

    2 Apr 2010

    How would the FSA’s early intervention approach work?

  • Quinn PI still valid

    1 April 2010

    The FSA says PI cover arranged through the UK arm of Irish insurer Quinn Insurance, which went into administration this week, will remain valid.

  • Reading matter

    1 Apr 2010

    Ian McKenna says the regulator must turn up the heat on platforms.

  • Regulator probing volume override deal

    1 April 2010

    The FSA says it is looking into a potential breach of its incentives rules by a firm.

  • Regulator warns against using a single platform

    1 April 2010

    The regulator has signalled that it is unlikely to be content with advisers using just one platform.

  • Robert sinclair

    2 Apr 2010

    The Association of Mortgage Intermediaries and Aifa would have been regarded as very different types of trade body in the past but now the AMI’s director feels that giving advice is a common thread and he aims to help to fill a key role in bridging the gap between provider and adviser Interview by Lee Jones

  • Schroders considers clean fee share class

    2 Apr 2010

    Schroders is looking at introducing a clean fee share class for its funds on platforms.

  • Schroders joins Japan backers

    1 April 2010

    Schroders has joined the growing number of multi-managers who have a positive view of Japan, but it is hedging its Japanese exposure back into sterling to reduce currency risk.

  • Scrapped script angers advisers

    1 Apr 2010

    The FSA has been criticised for watering down its requirements for the disclosure of restricted advice, with advisers saying it will play into the hands of the banks and confuse customers.

  • Sign up for our RDR roadshows

    1 April 2010

    Money Marketing is hosting a series of roadshows across the country to help advisers get to grips with the retail distribution review. The Invitationals bring together leading industry experts, advisers and providers. Dates for the events are as follows:

  • Simplification fears lead to talks on streamlining

    1 April 2010

    The FSA is concerned about allowing lower qualification standards for simplified advice but is working with the industry to explore a streamlined qualification.

  • Single product will fail test

    1 April 2010

    Offering a product investing in a range of underlying investments will not meet the new definition of independence and firms offering their own funds must offer market-competitive charges.

  • Skills council gets licence back and calls for IFAs to get involved

    1 April 2010

    The Financial Services Skills Council is calling on advisers to engage with the newly licensed body and offer views on how it can help IFAs.

  • Take your partners

    6 Apr 2010

    Lee Jones assesses a new report which calls for radical action and backs a partnership plan to turn round the deteriorating situation for long-term care

  • The golden ratio

    1 Apr 2010

    As rising share prices defy a bleak forecast, experts try to solve the puzzle

  • The human cost of long wait for Park Row consultants

    1 April 2010

    My husband is one of the many Park Row consultants still awaiting authorisation from the FSA.

  • The importance of advice

    1 Apr 2010

    In the run-up to the general election, Money Marketing will hear from a number of politicians trying to convince you their policies are the best for the economy and your clients. First up, Lib Dem Shadow work and pensions secretary Steve Webb.

  • The right combination

    1 Apr 2010

    Aegon head of business regulation Steven Cameron says criticism of the proposed charging structure for Nest is missing the point.

  • There's still value to be found at time of transition

    6 Apr 2010

  • Towry Law confident of meeting independence rule

    1 April 2010

    Towry Law is confident it will meet the FSA’s criteria for independence, insisting it has the most comprehensive whole of market offering in the sector.

  • TPR budget rises

    1 April 2010

    The Pensions Regulator has boosted its core budget for 2010-11 to £29.5m, up by £1.3m from 2009-10. The Employer Compliance Regime, which is to police the Pensions Act 2008 reforms, is expected to cost a further £10.4m.

  • Trail cash could go to client if they switch adviser

    1 April 2010

    Clients moving to a new adviser may be entitled to receive the trail commission previously paid to the old adviser.

  • Training firm for lifestyle planners

    1 April 2010

    Former Prestwood head of marketing Paul Armson has set up his own IFA training and marketing company, Alternative, for lifestyle financial planners.

  • Trinity says Ucits III hedge move could see lower returns

    1 April 2010

    Trinity Fund Administration expects the number of Ucits III hedge funds and funds of hedge funds to grow but is concerned that investors could pay the price in terms of lower returns.

  • When does an adviser become a manufacturer?

    1 April 2010

    The coverage of the Keydata affair in Money Marketing brings to the forefront an issue that no one seems to be dealing with properly, including the regulator. This is the question of how far vertical integration of the advice process can go before the person delivering the advice ceases to be an adviser and becomes a salesperson for the firm’s own product and the firm is recognised as a product manufacturer?

  • Will FSA staff be moved from London?

    1 April 2010

    Labour plans to reduce the cost of having thousands of public sector workers located in London, saving tens of millions of pounds.

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