10 October 2007
Legal & General research has revealed 50 per cent of British workers will choose to stay in personal pension accounts when they are introduced in 2012.
Nucleus Financial Group chief executive David Ferguson argues that the life industry is facing a significant threat through a failure to strengthen its proposition. Yet he says insurers' demise could boost good quality IFAs as value drifts through to the advisory sector
Two months on since the credit crunch first hit the UK’s shores and job redundancies in the UK mortgage market are starting to make the headlines.
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Barclays has introduced an income investment paying 8 per cent a year over a five-year period or up to 55 per cent growth. The income investment is ideal for those with equity Isas nearing retirement who do not wish to take much risk.
The Association of Investment Companies has supported increased disclosure by large private companies and says private equity-owned companies should not be singled out.
CBK principal Peter Chadborn on catching the high proportion of unpaid claims
An advisory service to help people buy art as an investment has been launched by Artist Pension Trust, a financial planning programme for artists.
The speculation about the snap election that never was has at least brought to light the policies of the leading parties.
Marketing departments should not be afraid to put across strong messages
With-profits Don't fear warnings over the complexity of reviewing with-profits investments, says Norwest Consultants principal Harry Katz. IFAs will not be hauled off to the Tower in chains if they can show their advice has benefited clients
With the pre-Budget report announcing further steps to tackle climate change it appears that Schroders, F&C and Jupiter have all timed their respective launches almost to perfection.
Chris Salih on how firms have been quick to jump on the climate change bandwagon and introduce funds. Are they a passing phase or will they stand the test of time?
As the days get shorter and the weeks begin to fly by even faster, the pressure on the advice community is beginning to grow as firms prepare their responses to the retail distribution review.
Smith and Williamson will lobby the government for an initial income tax relief increase for EIS funds to offset the loss of capital gains tax taper relief.
It is indicative of our society that people will cash in whenever they can
Credit Suisse has announced the launch of its global HS Market Neutral Index, the latest in the HOLTSelect series.
Chancellor Alistair Darling has faced a torrent of criticism since last Tuesday’s pre-Budget report with warnings his capital gains tax changes will severely damage small business and the life assurance industry.
Tony Bridgland recalls the pre-Thatcher days when lenders didn't lend more than their funds permitted and when only the best-quality business was sought
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Can European markets continue to outperform the US, UK and Japan after four years of strong returns, asks Fidelity.
First-time home buyers are disappearing at an alarming rate, according to the latest edition of moneysupermarket.com's Mortgage Map.
Given my concluding thoughts last week, it was something of a coincidence that I was required to look into the relative performance of smaller companies funds compared with those targeting the market leaders. This is no mean task.
David Turner, a partner with Foot Anstey Solicitors, on whether, in the face of the Northern Rock fiasco, IFAs need to worry about investors making claims over lost funds
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Financial advisers, mortgage intermediaries and general insurance brokers in Newcastle, Sunderland and Durham can participate in free FSA surgeries from October 16 to 18.
Richard Wolf of Rotheville Limited has had his FSA approval withdrawn after he was found to have misled his clients.
History shows that the worst failures have been with bigger firms, says head of the RDR
Ascentric has announced a £75 million increase in funds on its Wrap in under three months. Total funds on the platform, which launched in January this year, now stand at £175m.
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Commodities Will Henley gauges analysts' views on the investment prospects for gold as it reaches a 27-year high
Prospects continue to look encouraging for the commercial property sector
Hargreaves Lansdown has selected the Schroder Japan alpha plus fund to join its Wealth 150 range after the vehicle was re-opened to investors back in July this year.
Hargreaves Lansdown says it is examining all its advised investment bond sales over the past two months to check their suitability in light of the pre-Budget report changes to capital gains tax.
Non-disclosure remains a hot topic in the protection industry, and I suppose it will do until someone stubs it out.
Prudential has relaunched its menu-based protection plan to include the Vitality, a points system which rewards people for being healthy through discounted premiums.
Beware of the pitfalls in HMRC's proposed new reporting levels for chargeable lifetime transfers
The FSA has halved its rulebook on the promotion of investment products in a bid to give firms more flexibility and consumers more tailored information, according to the regulator.
Norwich Union UK income opportunities manager Ian Lancaster has quit the firm to join Bahrain-based group Gulf Finance House Asset Management.
Stock prices climbed higher last week as credit conditions appeared to be in the process of stabilising. The Dow Jones Industrial Average rose 0.5 per cent to end the week at 13,896, the S&P 500 index advanced 0.1per cent to 1,526 and the Nasdaq Composite gained 1.1per cent to 2,702.
October 1 saw enduring powers of attorney replaced with a new scheme
Lazard has designed a global equity income fund that invests mainly in high-yielding stocks that are already held in other Lazard funds for growth.
Prime minister Gordon Brown has ruled out going to the polls this year. However, the election fever that gripped the nation over the past few weeks has revealed the dividing lines between the major parties on financial services issues. We look at how their policies on protection, mortgages, housing, tax and pensions are shaping up
The Personal Finance Society has announced the line-up of speakers who will address its ‘Face the Future, Meet the Challenge’ conference in Birmingham on November 13-14.
Doctors and their practice managers have long been the bane of many administrators' lives within IFAs and life companies. As anyone who has ever chased a medical report will know, the attitude of all but a handful of the medical profession towards our industry is probably best described as contemptuous.
I had the pleasure of meeting pensions minister Mike O’Brien yesterday who seems to have taken on his new brief with a great deal of enthusiasm.
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All members of the Northern Rock board were willing to offer their resignation as early as August 30, it was revealed to the Treasury select committee.
The upcoming consultation paper on offshore funds, announced in the pre-budget report, aims to simplify the tax regime, provide certainty to UK investors and increase anti-avoidance, according to Deloitte.
With the prospect of a possible election looming, all parties have turned their attention to the Government's poor record of pension compensation. Will Henley looks at what this could mean for the Government
Chancellor Darlings move to raise the inheritance tax threshold for couples to 600,000 in his pre-Budget report masks the real circumstances for many people facing IHT, says the Way Group.
The Chancellor Alistair Darling has been warned that changes to taper relief could provoke a buy-to let sell off before April next year and potentially undermine house prices.
New measures in the pre-budget report will end discrimination that has prevented Irish people resident in the UK enjoying the same tax relief as other foreign nationals, says Chiltern.
It probably won't surprise regular readers to discover that I am not a natural friend of the Conservative Party.
Industry feedback to the retail distribution review has been negative, yet one thing that has become abundantly clear to me as I have gone round the country talking to IFAs over recent weeks is that very few seem to have actually read the document.
A look at the opportunities that await those with foresight and planning
Thames River Capital has brought out a multi-manager Oeic range for former Credit Suisse multi-managers Gary Potter and Robert Burdett.
The Chancellor’s pre-Budget changes to capital gains tax will damage the insurance bond market, tax experts warn.
A small employee seeks advice on setting up a company pension scheme
Growing repossession figures may be the first sign of cracks in the wall of buy-to-let lending that has grown up in the last few years and now rising interest rates and falling rental yields look set to further undermine the market's foundations, says Samantha Downes
Consumers, industry bodies, government and other stakeholders will be able to contribute to an independent review to reform the residential property sector.
Resolution has rejected a takeover bit from Pearl of 660p per share suggesting it significantly undervalues the provider and its prospects as part of Friends Financial Group.
There is nothing like the threat of a general election to galvanise the opposition party and the Tory Party conference in Blackpool did not disappoint. Faced with the threat of a sudden November election, the Tories made impressive efforts to finally distance themselves from Labour with some tax breaks aimed at Middle England.
Skandia is launching Skandia Investment Group which it claims will be one of the world's largest multi-manager investment businesses.
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The mortgage industry has welcomed Tory plans for stamp duty to aid FTBs but believes that more sweeping changes are needed
Standard Life has announced that SEI’s range of manager of managers solutions will soon be available through the Standard Life wrap platform.
A bidding war for Resolution is set to take off this week with Standard Life and Swiss Re planning a joint rival bid for the provider.
A potential bidding war for fund management firm Resolution has become all the more likely today after Swiss Re confirmed it is in discussions with Standard Life over acquiring certain closed-books of life business from the firm.
Multi-manager T.Bailey has unveiled its UK best ideas fund of funds, comprising 10 equally weighted UK investment funds.
The Money Marketing Live conference and exhibition at Manchester's G-Mex on October 30 will house a technology arena, giving advisers an insight into the latest developments to meet today's investor demands. You can also win a Mazda MX-5 roadster sponsored by Edeus
Boutique multi-manager Thames River Capital has reopened its £159.4m hedge + fund of hedge funds in response to investor demand that has been fuelled by strong performance.
Andy Curran, director of intermediated distribution at Prudential believes that a move to factorygate pricing can bring a major boost for adviser businesses
Paul Wright, investment management director for Zurich, considers the changing face of inheritance tax and says advisers should view estate planning as one of their priority areas for clients
Although now described as yesterday's mistake, the announcement by Tomorrow that it will not allow a move to self-invested personal pensions could force a renaming in order to reflect its stance on this option, which was used to enable the sale of the original product. So how about Tomorrow Never Comes?
Our panel of experts consider Northern Rock's crisis, a slowdown in UK property markets and gloom in the US
Neal Underwood talks to T Bailey fund manager Jason Britton about his new UK best ideas vehicle and how he chose his underlying funds
Mistakes come in many forms but few come in the form of 20,000 letters to clients and advisers.
Gartmore has announced the appointment of Tony Lanning and Katie Trowsdale to its multi manager team, both to start in early November.
The RDR strives to reach distribution nirvana but gets lost on the way
US earning growth levels will be in the low single digits in the third quarter, according to predictions from BlackRock.
Williams de Broe is making its assetmaster fund of funds range available to the wider IFA market because it has attained a three-year track record.
The board of the Witan investment trust is moving its assets towards a more global view because it thinks the UK market is efficient and wellpriced, with returns easier to find elsewhere.