Money Marketing
10 November 2004
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A new model in B&B's bold move
11 Nov 2004
The Bradford & Bingley deal with Legal & General throws an entirely different model into the post-depolarisation mix.
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A new release Of life
11 Nov 2004
Public interest is growing in equity release but advisers need to be very careful to ascertain if a client is suitable for the sector.
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A&L launches new range of mortgages
10 Nov 2004
Alliance & Leicester has launched a new range of mortgages, which is available immediately and includes:
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Abbey stressing wrap importance for fee structure
11 Nov 2004
Abbey for Intermediaries claims that IFAs will not be able to give whole-of-market investment advice with fees without a wrap product.
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Aberdeen takes over Deutsche Latin trust
11 Nov 2004
The Deutsche Latin American companies investment trust is to be taken over by Aberdeen and will switch investment objectives to India.
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AMI in plea for trust from FSA
11 Nov 2004
The Association of Mortgage Intermediaries has called on the FSA to build on the trust of the mortgage industry as it enters its first week of mortgage regulation.
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Apcims chief says clients paying for unnecessary rules
11 Nov 2004
Clients are paying for unnecessary financial rule changes, says Apcims chief executive Angela Knight.
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Axa PPP bids to fill gap between PMI and critical cover
11 Nov 2004
Axa PPP is piloting a medical protection scheme to IFAs which aims to bridge the gap between private medical insurance and critical-illness cover.
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Boulger backs trackers with rates set to ease
11 Nov 2004
The Bank of England base rate has peaked, says Charcol senior technical manager Ray Boulger.
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Brian Tora's Investment view
11 Nov 2004
The case for equity investment is still there, even if it continues to merit a health warning.
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Brokers confused over changes to Credit Act
11 Nov 2004
There is confusion among mortgage intermediaries over revised 2004 Consumer Credit Act, according to the Council of Mortgage Lenders senior policy adviser Kate Davies.
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Brokers say KFI errors are hitting offset sales
11 Nov 2004
Brokers are finding it increasingly difficult to sell offset mortgages and more complicated products because of difficulties with key features illustrations.
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BTL stabilising despite growth rate slowdown
11 Nov 2004
The buy-to-let market is stable despite a small fall in demand, according to Mortgage Express.
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Cater Allen offers introducer fees on term deposit accounts
10 Nov 2004
Private Bank Cater Allen has begun to offer introducer fees to intermediaries on its Term Deposit accounts.
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Charcol claims lenders lack back-up expertise
11 Nov 2004
Charcol says the first week of mortgage regulation has been "very disappointing", especially concerning KFIs from lenders.
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Chesnara outsources life back book
10 Nov 2004
Chesnara has outsourced the management of its back book of life business, including Premium Life policies, to Liberata.
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Clerical picks Insight for move into Fofs
11 Nov 2004
Clerical Medical has moved into the fund of funds' market with an initial suite of seven portfolios available through its life and pension wrappers.
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Close calls for short-term opportunities
12 Nov 2004
Close Property Investment is raising up to 10m for the sixth special opportunities fund, an exempt unit trust providing self-invested personal pension and small self-administered scheme investors with exposure to short-term UK property projects.
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Commission edge: Innes Miller
11 Nov 2004
The IFA market today is still characterised to a large extent by the focus on initial commission. But this is changing.
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Commission Edge: Richard Craven
11 Nov 2004
Recent announcements from product providers, which effectively indicate that initial commissions on low-cost products will be removed, are the start of what will be a dramatic change in remuneration levels.
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'Consistency is needed for key features illustrations'
11 Nov 2004
Key features illustrations need to be more consistent as they vary wildly in length, says Alexander Hall chief operating officer Andy Pratt.
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Coventry Building Society - Flexx Capped Rate Mortgage
12 Nov 2004
Coventry Building SocietyFlexx Capped Rate Mortgage
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Crime watch
11 Nov 2004
Financial services firms need to take an active stance towards combating criminal activity.
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Davis quits Sesame for Zurich Life International
11 Nov 2004
Sesame commercial director Martin Davis is leaving the mega network to head the Zurich International Life business.
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Destini and Thinc merger will create a top five firm
11 Nov 2004
Destini and Thinc are to merge in a deal they say will create a top five national firm.
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Eastern earnings
11 Nov 2004
The East represents the best potential for economic growth, according to Chris Lees Head of the global equity group, Baring Asset Management.
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EIS offers special brew
15 Nov 2004
Brewin Dolphin Securities is sponsoring the Thistle pub company, an enterprise investment scheme aiming for capital growth through the acquisition and management of freehold pubs in Scotland.
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Encore announces link with Webline
15 Nov 2004
Mortgage 2000 announces a partnership between its mortgage sourcing system Encore and Webline.
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Equity income is Hambro's first Oeic
10 Nov 2004
J O Hambro Capital Management is launching its first UK-domiciled, open-ended investment company, the JOHCM UK Equity Income Fund.
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F&C urges investors to look at split caps
11 Nov 2004
F&C Asset Management is encouraging investors to look at split-capital investment trusts.
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Farrow's view
11 Nov 2004
IFAs have a huge appetite for multi-manager funds and who can blame them but there are now dozens to choose from.
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Final 1.5m from life offices for IFA compensation levy
11 Nov 2004
Product providers have agreed to make a final £1.5m payment to the subsidy of IFAs' payment of the Financial Services Compensation Scheme.
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Framlington raising fund charges to 5.25%
11 Nov 2004
Framlington is raising initial charges on 18 of its 24 unit trusts but leading investment advisers believe the hike will not affect IFA discounts.
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FSA is attacked for allowing interim trading
11 Nov 2004
Which? is lobbying the Treasury to get rid of the interim period for mortgage firms that have failed to gain authorisation.
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FSA provisionally authorises Aon, Marsh and Willis
12 Nov 2004
The FSA has issued minded to authorise letters to Aon, Marsh and Willis, the three largest insurance brokers in the UK, in anticipation of the introduction of general insurance regulation in January 2005.The FSA says it issuing this statement in the light of market and media interest, at a time when many commercial organisations are considering renewing policies.
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FSA will add to suite if launch is successful
11 Nov 2004
The FSA will consider extending the basic advice regime to all products if it is successful for the Sandler suite.
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FSCS sets out four danger areas for mortgage advice
11 Nov 2004
The Financial Services Compensation Scheme has highlighted four key areas of mortgage advice it anticipates will give rise to complaints from consumers in the future.
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Gartmore deal with Britannic Pacific growth
11 Nov 2004
Gartmore head of multi-manager Bambos Hambi has awarded a multi-million-pound mandate to the Britannic Pacific growth fund.
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GE Life extends annuity guarantee period amid rate fears
11 Nov 2004
GE Life is extending its annuity quotation guarantee period from 14 days to 30 days amid concerns that the distance marketing directive could hit annuitants' rates.
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Government is hitting confidence
11 Nov 2004
Open letter on Treasury select committee report into endowment policies, Eric Forth, MP
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Graduate FTBs call for lenders to be more flexible
11 Nov 2004
Research from Scottish Widows Bank says the inflexibility of lenders is stifling the graduate first-time buyer market.The report shows that three of the top five factors that would help graduates get on to the property ladder are related to lending criteria.
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Guarantees may run out
11 Nov 2004
Guaranteed rates are making a comeback in the critical-illness cover sector but it could be only a short-term opportunity.
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Home in on Europe
11 Nov 2004
Europe has been castigated unfairly as the indicators are very positive, says Matthew Leeman Co-manager,SG Europe fund.
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Home Reversions will not be subject to POAT confirms Inland Revenue
12 Nov 2004
The Inland Revenue has confirmed via Parliament that home reversions will not be subject to pre-owned asset tax when introduced in April 2005.
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House prices down 1.1% in October, says Halifax
11 Nov 2004
The housing market is softening, with a drop in house prices of 1.1 per cent in October, according to Halifax's monthly house price index.
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How the mortgage map is being redrawn
11 Nov 2004
Regulation has finally arrived for the mortgage industry but we will have to wait to find out how much the distribution landscape has changed.
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'Hybrid schemes boost take-up'
11 Nov 2004
Hybrid pension schemes are the key to providing better occupational pensions that encourage employees to sign up, according to the CBI.
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'IFAs to shun basic regime'
11 Nov 2004
Aifa has criticised the FSA's basic advice regime, saying that it is extremely unlikely that any IFAs will offer the service.
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IFAs warned on perils of joining a network
11 Nov 2004
IFAs are being warned by LIA head of public affairs John Ellis to think very carefully before getting involved with a network.
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IMA wants industry to adopt TERs
11 Nov 2004
The IMA has called on fund managers, regulators and intermediaries to look at the total costs of a fund rather than the annual management charge.
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Independent view
11 Nov 2004
I cannot deny it, I am a worried man. I hear from numerous quarters that the precipice bond misselling scandal (if indeed they were missold) will be bigger than anything we have seen before.
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Individual approach needed to boost PMI
11 Nov 2004
Private medical insurance will only survive on an individual basis if IFAs and product providers make changes to their approach to the PMI market, according to a panel of experts.
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Investec preserves its energy
16 Nov 2004
Investec Asset Management has created an onshore version of its offshore global energy fund in response to IFA demand for a Ucits-qualifying fund in this sector.
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Jelf in 150,000 deal to buy Managed Healthcare
11 Nov 2004
Healthcare and employee benefits group Jelf has exchanged contracts to buy Somerset intermediary Managed Healthcare for around 150,000.
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JO Hambro makes Oeic debut onshore
11 Nov 2004
JO Hambro Capital Management has introduced the JOHCM UK equity income fund, its first onshore Oeic.
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L&G says tiered charges would boost Comps
11 Nov 2004
IFAs should consider moving clients' contracted-out pension pots to firms with a tiered charge, says Legal & General.
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Letwin is right to question flawed logic of the FSA
11 Nov 2004
Although I do not support his party, I think Oliver Letwin was right to question the role of the FSA.
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LIA's Ellis to head CII public affairs
11 Nov 2004
LIA public affairs director John Ellis is to become the first public affairs director for the Chartered Insurance Institute in the new year as well as filling that role for the Personal Finance Society.
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Liontrust management make a tentative offer for company
11 Nov 2004
Staff at investment boutique Liontrust are waiting to find out the basis of a tentative management-led bid for the company.
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Lords vote for pension protection fund to check risk
11 Nov 2004
The House of Lords has voted for a crucial amendment to the Pensions Bill that would see the Pension Protection Fund take on a de facto regulatory role.
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Matrix rides Aim with Unicorn
16 Nov 2004
Matrix Money ManagementUnicorn Aim VCT II
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MFS is set for fresh push on UK market
11 Nov 2004
US fund management firm MFS is preparing a fresh assault on the retail UK market.
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Millfield picks Beeston to replace Carby
11 Nov 2004
Millfield has appointed Bryan Beeston as group sales director following last week's shock resignation by Keith Carby.
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Minister hits out at Lords' bid to change home sellers' packs
11 Nov 2004
A House of Lords' vote to make home information packs voluntary rather than mandatory is unlikely to have much effect, says Housing Minister Keith Hill.
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Miton broadens special sits
11 Nov 2004
MITON INVESTMENTSCF Miton Special Situations Fund
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MLIM says EU expansion is bringing corporate boost in France and Germany
11 Nov 2004
Merrill Lynch Investment Managers says EU expansion is having a positive impact on corporate restructuring in France and Germany.
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Mortgage networks to consolidate
11 Nov 2004
The multitude of small mortgage networks that have sprung up will be forced to consolidate, according to a leading mortgage expert.
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Mortgages plc appoints group risk director
10 Nov 2004
Mortgages plc, the specialist lender, has announced the appointment of Bill Purves to the new position of Group Risk Director.
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Move to start up Dublin operation
11 Nov 2004
Standard Life is set to bec-ome the latest life insurer to establish an offshore company with the launch of a Dublin operation.
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Multi-manager view
11 Nov 2004
By Darius McDermott, managing director of Chelsea Financial Services
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NAEA report backs BoE 'modest adjustment'
12 Nov 2004
House prices in the UK fell by 1.56 per cent over the last month and rose by 6.05 per cent annually, according to figures released today by the National Association of Estate Agents. The NAEA report backs up the Bank of Englands projections for a modest adjustment in house prices.
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National body is needed to boost reluctant savers
11 Nov 2004
A single national body is needed to promote savings in the UK as more and more Britons are reluctant to save, says Birmingham & Midshires head of savings and investment marketing Tim Hague.
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Nelson quits Money Portal
11 Nov 2004
The Money Portal has lost its third high-profile person in a week after head of communications Kerry Nelson resigned.
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Network 300 firms consider legal move
11 Nov 2004
Thirty former members of Network 300 are considering taking legal action over commission which they believe they have lost since the network collapsed.
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New fixed rates from BM Solutions
16 Nov 2004
BM Solutions has enhanced its self-cert range with two and five year fixed rates.
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NU changes commission rates for lifetime mortgage business
16 Nov 2004
Norwich Union is changing its commission rates for IFAs who write lifetime mortgage business.
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Only 43 per cent aware of pension age change
10 Nov 2004
Less than half of women due to be affected by forthcoming increase in womens state pension age are aware of the change according to research published by the Department for Work and Pensions.
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Out of context
11 Nov 2004
"I was really bored so I went and had a look round Bangor Cathedral." - Quill PR Hugo Mortimer-Harvey on how he likes to spend his spare time.
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Platform adds BTL and self-cert loans
10 Nov 2004
Platform, the intermediary lender of Britannia Building Society, is expanding its buy to let and self-certification range.
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Platinum Capital Management - Platinum Portfolio
16 Nov 2004
Platinum Capital Management Platinum Portfolio
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Poll Position
11 Nov 2004
The closeness of the US presidential election race ensured there was little short-term impact on equity markets.
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Premier Asset Management - Premier Growth Plan Limited Editions 23
16 Nov 2004
Premier Asset Management Premier Growth Plan Limited Editions 23
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Premier fund aims to find undervalued European stocks
11 Nov 2004
Niche investment group Premier Asset Management is targeting IFAs with a new fund which offers exposure to undervalued high-performing stocks in Europe.
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Private access
11 Nov 2004
Our panel (Adam Carruthers, Investment manager, Origen; Peter Chadborn, principal, Chadborn Baker; Kearle Justin Modray, head of marketing, Bestinvest) consider the availability of private equity investment, disclosure of fund TERs and the relevance of the FTSE100.
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Pru offers risk options on UK equity trackers
11 Nov 2004
Prudential has set up two UK equity trackers offering diff-ering levels of capital protection into its flexible investment plan.
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Reid all about it
11 Nov 2004
Seeing another footballer banned for taking drugs reminds me of the number of sports stars and celebrities to whom going into rehab is simply a rung in their quest for enduring fame.
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Re-launch of Skipton's three-year capped rate mortgage
15 Nov 2004
Skipton Building Society is relaunching its three-year capped rate mortgage by reducing the cap and the initial rate.
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Richard Verdin on protection
11 Nov 2004
Have you recently thought about the type of professional you really want to be?
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Saints and sinners since Mortgage Day
11 Nov 2004
Mortgage Intelligence has hit out at lenders for failed systems in the first days of regulation and has compiled a list of offenders.
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Sally Laker
11 Nov 2004
The managing director of Mortgage Intelligence trained to teach ballet but she leapt into the homeloan business and is aiming to lead the M-Day dance.
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Savings at stake
11 Nov 2004
Has the Government learned from the stakeholder pension debacle or is it repeating its mistakes?
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ScotEq reviews individual stakeholder commission
11 Nov 2004
Scottish Equitable is reviewing its commission arrangements on individual stakeholder business in light of Norwich Union's decision to slash IFA remuneration by two-thirds.
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Scottish Widows - Multi Manager International Equity Fund
11 Nov 2004
Scottish WidowsMulti Manager International Equity Fund
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Scottish Widows - Multi Manager UK Equity Focus Fund
10 Nov 2004
Scottish WidowsMulti Manager UK Equity Focus Fund
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Scottish Widows - Multi Manager UK Equity Growth Fund
10 Nov 2004
Scottish WidowsMulti Manager UK Equity Growth Fund
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Scottish Widows - Multi Manager UK Equity Income Fund
11 Nov 2004
Scottish WidowsMulti Manager UK Equity Income Fund
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Scottish Widows multi-manages inbvestment solution
15 Nov 2004
Scottish WidowsMulti Manager UK Equity Focus Fund
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Securities Institute changes name to reflect its growth
11 Nov 2004
The Securities Institute has changed its name to the Securities & Investment Institute.
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Setting sale
11 Nov 2004
James Brown has run his limited company for five years and now wants to sell it and enjoy retirement.
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Single minded
11 Nov 2004
Depolarisation has been a long time coming. Almost since the Financial Services Act depolarised financial advisers into the independent and tied camps, calls were made for a more flexible reg-ime. But it was not until the Office of Fair Trading published its paper in August 1999 that depolarisation gained a head of steam.
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Skandia in deal on fund ratings
10 Nov 2004
Multimanager Skandia Investment Management has signed a deal to use Citywire fund manager ratings on its fund platform.
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Skipton reduces rates on fixed rate mortgages
10 Nov 2004
Skipton Building Society has re-launched its fixed rate mortgage range and reduced the rates on each product.
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Special sits star to run new smaller firms VCT
11 Nov 2004
Marlborough special situations fund manager Giles Hargreave is set to put his smaller companies expertise into a new venture capital trust.
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Spinning around in 2005
11 Nov 2004
Roger Lawrence of ML Consulting takes a look just slightly into the financial future.
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Stake market is still stuck on suitability
11 Nov 2004
A new charge cap and new lighter-touch sales regime but will stakeholder remain the same old damp squib?
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Stakeholder still irrelevant without changes, says Bee
11 Nov 2004
Stakeholder pensions will remain irrelevant unless the Government drops means' testing and ensures they are suitable for all consumers, says Scottish Life head of pension strategy Steve Bee.
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Standard arguments
11 Nov 2004
Just when it looked like changes in ownership at the Abbey had provided an opportunity for common sense to prevail in the electronic submission of mortgage applications, an alternative has appeared with the potential to complicate things further.
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Standard slams 'double taxation' on lifetime limit
11 Nov 2004
The lifetime limit test on individual pension funds will effectively be applied twice to retirees to ensure that investors cannot vest early and grow their funds tax-free in drawdown.
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Steelworkers' go-ahead to sue Govt over pensions
11 Nov 2004
Steelworkers who lost their pensions when their company went bust have been given the go-ahead to sue the Government in the European Court of Justice Community - formerly union ISTC - which represents the 1,000 former Allied Steel and Wire workers, says the Govern-ment did not adequately implement the European insolvency directive, which would have protected members' pensions.
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Super models
11 Nov 2004
Last week, I considered the fast approaching onset of depolarisation and the opportunity that this gives for advisers to reconsider the business model they operate - advice-based or transaction-based.
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System will cover Asu
11 Nov 2004
D&D Homecare, a provider of general insurance products to the mortgage market, is offering a new accident, sickness and unemployment quoting and application system.
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Technical Connection in bid to cut IFAs' PI costs
11 Nov 2004
Technical Connection and Collegiate are working with professional indemnity insurers in a move aimed at reducing PI costs for IFAs.
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The day that changed the mortgage business
11 Nov 2004
Leading mortgage brokers tell Helen Monks of their first-hand experiences of the big switch to regulation.
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The Mortgage Operation - Kensington Mortgages Light Adverse Self Cert
15 Nov 2004
The Mortgage OperationKensington Mortgages Light Adverse Self Cert
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The Mortgage Works - Self Certification 5 Year Fixed
12 Nov 2004
THE MORTGAGE WORKSSelf Certification 5 Year Fixed
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Tidal wave is swamping us
11 Nov 2004
What has happened to an industry that makes a massive contribution to the UK economy?
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Trade unions clash with CBI over companies' compulsion
11 Nov 2004
The TUC and CBI have clashed over pension compulsion, with unions demanding greater and mandatory employer contributions to stave off a pension crisis at the ABI Saver Summit.
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TUC lobby on public sector pensions
15 Nov 2004
Hundreds of public sector workers from across the UK will descend upon Parliament tomorrow to lobby their local MPs on changes that the Government is proposing to make to their pension schemes.
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Viatical vision
11 Nov 2004
Traded life policies are an established market in the US and are gaining popularity in the UK.
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Watchdog U-turn clears IFA over bond misselling
11 Nov 2004
A Scottish IFA which shut down after losing a precipice bond misselling claim could get just 900 compensation after the Financial Ombudsman Service reversed its original decision.
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Well done MCCB for improving our standing
11 Nov 2004
With the arrival of Mortgage Day, I would like to congratulate the Mortgage Code Compliance Board on the achievements it has made. In particular on producing an exam system which has had the desirable effect of excluding a substantial number of advisers from the industry - that is those who should not have been there - and introducing a proper regime and structure into the market.
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Why some lenders are off the Christmas list
11 Nov 2004
Sally Laker, managing director,Mortgage Intelligence:
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Widows sets up four Moms for IFAs to build portfolios
11 Nov 2004
Scottish Widows has established four new equity-based manager of manager funds for IFAs who want to make their own asset-allocation decisions but there are no immediate plans to offer a multi-manager bond fund.
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Winterthur launches Morrison online
12 Nov 2004
Winterthur Life is expanding its website with the launch of 'Morrison on-line', a viewpoint page written by its pensions strategy manager, Mike Morrison.
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Zurich Assurance - Guaranteed Capital Account 2
15 Nov 2004
Zurich AssuranceGuaranteed Capital Account 2
