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10 September 2008

Money Marketing

  • 1.3 million consumers sold PPI after poor advice, reveals Which?

    11 September 2008

    More than one million consumers have taken out payment protection insurance as a result of misleading advice, reveals Which?.

  • 1st – The Exchange launches traffic-light TCF test

    11 September 2008

    Technology solutions provider 1st – The Exchange has launched a new TCF acid test consultancy service.

  • 22 years for escalating annuity to catch up

    11 September 2008

    As an IFA with a mature client bank, I have found myself involved in annuity enquiries with increasing regularity.

  • 300 Jobs at risk as Pearl merges life operations

    11 September 2008

    Pearl is to merge its two life divisions, Phoenix and Pearl, in a move that could see 300 staff lose their jobs.

  • 5D buys Interbay

    10 September 2008

    InterBay Commercial has revealed that it had been purchased by the 5D Group.

  • A&L EGM approves Santander buyout

    16 September 2008

    Alliance & Leicester shareholders have voted in favour of the proposed buyout by Banco Santander.

  • Adviser Fund Index

    11 September 2008

    The latest quarterly survey from Reita, an organisation promoting real estate investment trusts, makes grim reading for British commercial property investors.

  • Advisers get payment choice on Zurich Sipp

    11 September 2008

    Zurich is adding a choice of remuneration options for advisers on its Sipp.

  • Advisers say AIG crisis casts doubt over insurance sector

    15 September 2008

    American International Group is the latest company to fall prey to the credit crunch as shares nose dive on the back of concerns over a liquidity crisis.

  • Aegon reveals £211m fixed income exposure to Lehman Brothers

    16 September 2008

    Aegon has revealed a £211m exposure to Lehman Brothers after the latter filed a petition for a Chapter 11 bankruptcy.

  • AFB publishes secured loans white paper

    12 September 2008

    The Association of Finance Brokers has published a white paper setting out the different possible regulatory futures of the secured loans industry.

  • AIG Life suspends withdrawals from two funds in its bond

    16 September 2008

    AIG Life UK has suspended withdrawals from its standard fund and the enhanced fund held within the premier access bond and the premier bond.

  • AIG shares plummet 58%

    15 September 2008

    Shares in insurer American International Group have plummeted 58 per cent on the New York Stock Exchange to $5.51.

  • AIG to lend itself $20bn

    16 September 2008

    American International Group will borrow $20bn from its subsidies to bolster its capital, according to US press reports.

  • Asset arithmetic

    11 September 2008

    The merits of investment in bonds v collectives since the changes to the tax regime have been one the most intensely debated issues in our industry over the last year and an increasing number of tools are emerging to help advisers in making such comparisons.

  • Aviva announces £270m Lehman exposure

    16 September 2008

    Insurance group Aviva has revealed it has a total debt exposure of £270million to failing investment bank Lehman Brothers.

  • Axa IM unveils new structure for fixed income division

    10 September 2008

    Axa Investment Management has restructured its fixed income division by after splitting it into two separate teams.

  • Bank falls show tracker dangers

    11 September 2008

    Martin Currie is warning that looking for safety by invest- ing in index tracker funds is "inherently dangerous" in current stockmarket conditions.

  • Bank of America buys Merrill Lynch

    15 September 2008

    Bank of America has bought Merrill Lynch for £27.7bn.

  • Bank of Ireland Offshore launches 3-year growth bond

    12 September 2008

    Bank of Ireland Offshore has launched a three-year growth bond.

  • Barclays admit Lehman asset interest

    16 September 2008

    Barclays has admitted it is already in discussions to buy assets owned by the bankrupt Lehman Brothers.

  • Barings expands into Korean market

    16 September 2008

    Baring Asset Management has opened of a sales office in Seoul.

  • Blackwell joins Xit2

    11 September 2008

    Xit2, has appointed Mark Blackwell as sales director.

  • Blue Sky slams IMA warning on structured products

    12 September 2008

    Blue Sky Asset Management has slammed the Investment Management Association’s recent criticisms of structured products as simplistic and misguided.

  • BNP Paribas Privalto UK launches first product pairing

    12 September 2008

    BNP Paribas has announced the launch of its first two funds under the Privalto UK brand.

  • BNY Mellon & WestLB Mellon merge Iberian asset management

    10 September 2008

  • Bonds are back

    11 September 2008

    I am very bullish on the long-term outlook for government bonds and investment-grade corporate bonds in the UK. Duration risk looks particularly attractive at the moment and credit risk is also becoming more tempting.

  • Borrowers fear rejection and stay with lender

    11 September 2008

    Over a third of borrowers believe they have no option but to stick with their current lender, according to research by Cheltenham & Gloucester.

  • Brain leads the way for Trigold

    11 September 2008

    The long-running saga over the ownership of Trigold could be set to end with Mortgage Brain now favourite to buy the sourcing system, Money Marketing understands.

  • Broker Talkback

    11 September 2008

    Should Alistair Darling be replaced as Chancellor of the Exchequer?

  • Brown looks on bright side for the economy

    11 September 2008

    Prime Minister Gordon Brown has tried to restore confidence in the UK economy by claiming there are grounds to be "cautiously optimistic".

  • Capitalism facing acid test, says Henderson

    15 September 2008

    Fund management firm Henderson offers three perspectives on the current market.

  • Captain crunch

    11 September 2008

    The IMA surveyed almost 3,500 investors in May to find out what they thought about market conditions and how, if at all, they had been affected. We surveyed a range of investors from those who consider themselves to be sophisticated to those who have limited financial knowledge. The results make for interesting reading.

  • 'Card PPI is new snake oil'

    11 September 2008

    Consumers are being misled into taking out "useless, expensive and poorly designed" payment protection insurance on their credit cards, according to Which? research.

  • Catalyst for recovery

    11 September 2008

    What are we to make of the mortgage market at the moment? The Chancellor's decision to increase the stamp duty threshold to £175,000 for a year is a step in the right direction but it is unlikely to have a significant impact in isolation.

  • Cazenove goes aggressive in new version of diversity

    11 September 2008

    Cazenove is looking to build on the success of its multi-manager diversity fund with two more launches, Money Marketing understands.

  • Close Bros reshuffle sees Kitson leave

    11 September 2008

    Close Brothers has made management changes in its marketing and distribution divisions.

  • Concern over quality of Qrops' advice

    11 September 2008

    I cannot agree more with Sam Instone's comments in the August 28 article headed, HMRC urged to restrict Qrops advice. We deal primarily with clients who are migrating to Australia or New Zealand and have regularly expressed our concern over the quality of advice being given by some overseas advisers.

  • Conference call could turn on liquidity

    11 September 2008

    The Government's £1bn housing rescue package has met with disappointment in the mortgage industry.

  • Cru plans UK's biggest Islamic operation

    11 September 2008

    Cru Investments chairman Jon Maguire has revealed plans to develop what he claims will be the biggest Islamic finance division in the UK.

  • Crunch pumps up pressure on 29 million

    11 September 2008

    The credit crunch has made almost 29 million people more stressed, less fit and healthy and more prone to illness than three years ago, according to a Friends Provident survey.

  • Crunch pumps up pressure on 29 million

    11 September 2008

    The credit crunch has made almost 29 million people more stressed, less fit and healthy and more prone to illness than three years ago, according to a Friends Provident survey.

  • Data laws hinder fight against mortgage fraudsters

    11 September 2008

    Brokers say data protection laws are preventing lenders from passing on information that could help detect fraud.

  • Davy wants supervisory compromise for advisers

    11 September 2008

    Simply Biz chairman Ken Davy is calling for the retail distribution review to allow advisers to have the choice of gaining a diploma or equivalent qualification within six years or working under the supervision of a qualified adviser.

  • Day of condor fund as Tiner leads £5bn Resolution swoop

    11 September 2008

    Resolution has unveiled details of its planned consolidation drive under a new quoted company headed by former FSA chief executive John Tiner.

  • Down and out

    15 September 2008

    They say that bad things happen in threes and if that’s the case then we’ve just seen the mother of all hat-tricks occur in the US.

  • Downing launches free investment seminars for IFAs

    12 September 2008

    Downing Corporate Finance is hosting a series of free tax efficient investment seminars for intermediaries.

  • Drowning by numbers

    11 September 2008

    We have all got an idea of the relative value of money at the level it affects us but the bigger numbers get, the harder it is to get our heads round them.

  • Energy prices will offset crashes

    16 September 2008

    Lower energy prices will offset any repercussions of the Lehman Brothers crash, says New Star’s Simon Ward.

  • ETF education for growing market

    11 September 2008

    Exchange traded fund provider iShares is running an education campaign for investors to cater for what it says is a rapidly developing ETF marketplace.

  • Ethical investors “hardest hit” by market volatility

    11 September 2008

    Ethical investors have been the hardest hit by the market volatility of the past 12 months, according to Moneyfacts.

  • Euro vision

    11 September 2008

    The idea of investing in Europe has often been difficult to sell to clients despite the fact that until the last year it has been an excellent source of returns.

  • Ex BoE governor Eddie George says UK financial system is sound

    10 September 2008

    Former Bank of England governor Edward George says the response to the Northern Rock crisis was well judged but further regulation risks strangling the financial system.

  • Ex-Openwork broker angry at attempt to entice clients

    11 September 2008

    A former Openwork broker is furious after its clients were told that the firm had ceased trading.

  • F&C’s Niven warns of further equity writedowns in Lehman's wake

    16 September 2008

    F&C head of asset allocation Paul Niven warns that the collapse of investment bank Lehman Brothers could lead to further writedowns in the equity and credit sector.

  • Face up to the future

    11 September 2008

    What steps should I follow to create a plan for the delivery of my long-term financial security? What factors do I need to take into account to assess my needs properly?

  • Family in Isa deal with PO

    11 September 2008

    Family Investments has formed a partnership with Post Office Financial Services to provide cash and equity Isas.

  • Family in Isa deal with PO

    11 September 2008

    Family Investments has formed a partnership with Post Office Financial Services to provide cash and equity Isas.

  • Fed intervention could save 147 US housing associations

    16 September 2008

    US Government intervention may have saved 147 US housing finance agencies exposed to AIG.

  • Fight the fakers

    11 September 2008

    The FSA has called on mortgage brokers to become detectives to spot fraud.

  • Flight of the condor

    11 September 2008

    Clive Cowdery set out his ambitious Resolution to reshape the financial services sector this week with plans to launch a listed company headed up by ex-FSA chief executive John Tiner.

  • Fortis reveals Lehman Bros exposure

    16 September 2008

    As the breakdown of Lehman Brothers unfolds Belgium bank Fortis has estimated its exposure to the investment bank is £109m in bonds, including £4m in secured bonds.

  • Free wealth checks at Vision Network roadshows

    11 September 2008

    Vision Network is offering free wealth checks for IFAs and brokers aimed at improving business levels.

  • Friends' bid not ruled out

    11 September 2008

    Clive Cowdery's investment vehicle Resolution has refused to rule out a bid for Friends Provident.

  • FSA guides aren't so simple or jargon-free

    11 September 2008

    I was impressed by Julian Stevens' letter in the Money Marketing issue of August 21 in which he calls the FSA to task over their failure to regulate financial services properly particularly Northern Rock - and agree that those responsible for the failings should be held personally liable.

  • FSA seeks to minimise disruption of Lehman collapse

    15 September 2008

    The FSA is working with market practitioners to minimise market disruption after US investment bank Lehman Brothers announced it is filing for bankruptcy.

  • FTSE 100 falls through 5,000 floor

    16 September 2008

    The FTSE 100 has gone below the 5000 mark for the first time since June 2005 as the Lehman-led financial crisis continues to hit markets.

  • Fun with Freddie & Fannie

    12 September 2008

    Once upon a time there were two little children called Freddie and Fannie.

  • Get personal on pensions

    11 September 2008

    Personal accounts get closer and closer. The closer they get, the more difficult it may be to change direction and we believe mistakes are being made.

  • GHC white-label deal with Allchurch Bailey

    11 September 2008

  • Great expectations

    11 September 2008

    About a year ago, I wrote about investing in life settlements through the EEA life settlements fund. Now, through the Meteor senior life settlements sterling fund, clients can invest from £7,200 upwards via Isas, pension funds or as a direct investment.

  • Half of mortgage networks will fail, says Sesame

    11 September 2008

    Half of all mortgage networks will not be trading in 12 months’ time and those relying heavily on packagers will be the first to go, according to a warning from Sesame.

  • Home truths

    11 September 2008

    Ever since reading Alistair Darling's interview in The Guardian in which he was highly pessimistic about the state of the UK economy I have tried to work out exactly what he meant by his comments.

  • HSBC Global Asset Management announces MENA launch

    11 September 2008

    HSBC Global Asset Management is to launch a Middle East and North Africa fund in October, under the management of Andrea Nannini.

  • IFA attacks Abbey Life after client is auto-vested twice

    11 September 2008

    Abbey Life has twice reversed its controversial policy of auto-vesting pension funds into its own annuity after an adviser's client failed to receive a maturity pack on two occasions.

  • IFAs fear losses on Lehman Bros structured products

    15 September 2008

  • IFAs in switch to cash and bonds

    11 September 2008

    Cash and bonds are the top sectors for IFAs advising clients to invest over the next three months, according to Virgin Money's investor intentions index.

  • Ignis branding lights up Resolution and Axial deal

    11 September 2008

    The combined £75bn business of Resolution Asset Management and Axial Investment Management is to be rebranded Ignis Asset Management from November.

  • IMA warns of risks over transparency

    11 September 2008

    The FSA risks "publishing for publishing's sake" by increasing transparency and publishing firm-specific information rather than achieving real value for consumers, says the Investment Management Association.

  • IMA warns on structured returns

    11 September 2008

    The Investment Management Association has issued a warning over the transparency of structured products, saying that claims about returns made in some marketing literature "should not be taken at face value".

  • Information versus education

    10 September 2008

    Structured products were put under the spotlight this week after the Investment Management Association issued a warning about their transparency.

  • Invesco Perpetual says financial turmoil will hit two types of investors

    16 September 2008

    Invesco Perpetual says two types of investors will be hit hardest by the collapse of Lehman Brothers and the subsequent turmoil in the financial markets.

  • Invesco's Woodford replaces Fidelity on Edinburgh Investment Trust

    15 September 2008

    The board of the Edinburgh Investment Trust has announced the appointment of Invesco Perpetual income guru Neil Woodford as its new lead manager.

  • Jupiter sets up Sicav featuring Merlin trio of funds

    11 September 2008

    Jupiter has set up a Luxemburg Sicav offering access to its trio of Merlin funds.

  • Just Retirement sales up, profits stable

    10 September 2008

    Just Retirement’s EEV operating profit before tax reached £66.4m in the year to June 30, up 1.2 per cent from £65.6m in 2007.

  • King says inflation will hit 5%

    16 September 2008

    The Governor of the Bank of England has said he expects inflation to hit 5 per cent by the end of the year and he says it could remain above target until 2010.

  • King to extend SLS

    11 September 2008

    The Bank of England will reveal proposals for a long-term Special Liquidity Scheme extension next week.

  • Lehman task larger than unwinding Enron, says UK administrator PWC

    15 September 2008

    PricewaterhouseCoopers, the administrators for Lehman Brothers in the UK, say the task of unwinding the bank is larger than Enron.

  • Lehmans pension scheme has “significant deficits”

    15 September 2008

    Lehman Brothers administrators have admitted that the defined benefit scheme for its staff could be in jeopardy.

  • Lib Dems attack banks’ greed

    15 September 2008

    Liberal Democrat leader Nick Clegg has attacked the immorality of banks who lent money “hand over fist” to vulnerable consumers in the run up to the credit crunch.

  • Lib Dems call for public sector wage cuts

    15 September 2008

    Every non-front line public sector employee on £100,000 or more should be forced to reapply for their jobs with greatly reduced wages and benefits packages, according to the Liberal Democrats.

  • Lib Dems call for tax-breaks for leading a healthy lifestyle

    16 September 2008

    The Liberal Democrats have called for tax breaks for people who live a healthy lifestyle.

  • Lib Dems to outline anti-tax avoidance measures

    15 September 2008

    The Liberal Democrats will today unveil proposals to raise £5bn to fund tax cuts for low income earners by closing tax loopholes used by the wealthy.

  • Lincoln offers IHT solution with new discounted gift bond

    11 September 2008

    Lincoln Financial Group has launched a new discounted gift bond.

  • Majedie's Clarke to head Witan

    11 September 2008

    Majedie director and chief executive Robert Clarke is to replace Jim Horsburgh as chief executive at Witan.

  • Making absolutely sure

    11 September 2008

    It would appear that the FSA is being a tad more proactive than it has been in the past.

  • Massive bailout could be turning point for crunch

    11 September 2008

  • Mercater adds news, views and client features to site

    11 September 2008

    Mercater Capital Management has revamped its website at www.mercater.com to make it easier for IFAs and their clients to access their portfolios.

  • Network comparison site launched

    10 September 2008

    A new website to help mortgage brokers choose a new network has been launched.

  • Nick Cann

    11 September 2008

    Nick Cann, chief executive of the Institute of Financial Planning, has spent years on helping to build up professionalism in financial advice and this week marks the start of really aiming to open up public awareness with the inaugural Financial Planning Week.

  • NU cuts payouts after investment returns plunge

    11 September 2008

    Norwich Union has cut final bonus rates on its with-profits policies by up to 10 per cent after poor investment returns.

  • NU ditches wrap brands

    11 September 2008

    Norwich Union is to scrap its Lifetime and The Bigger Picture wrap brands as part of the move to outsource its platform to Scottish Friendly.

  • Nucleus powers our pack

    11 September 2008

    We started using platforms in 2001. We were convinced when we saw the convenience for our clients and the measure of control we gained over their portfolios.

  • OBSR completes deal for Crosby's rating business

    11 September 2008

    Old Broad Street Research has acquired the international research and ratings business of Crosby Forsyth.

  • October revolution

    11 September 2008

    So, over the past few weeks, I have been building up to look at the opportunity that financial advisers have to engage with some of their key clients in what could be important conversations over the forthcoming weeks. Yes, I have taken a bit of a while to get to the point and, yes, I have gone on a few diversions but I think they have been important ones. Hopefully, you agree.

  • Old Mutual chief executive resigns

    11 September 2008

    Jim Sutcliffe has resigned as chief executive of insurance company Old Mutual with immediate effect.

  • Opening up the debate over personal accounts

    11 September 2008

    When it feels as if the sky is falling in on the economy, many people may feel that pensions are the last thing anyone should be worrying about. We couldn't disagree more.

  • Opening up the pension debate

    11 September 2008

    Money Marketing has decided it is Time To Get Personal about personal accounts.

  • Paragon puts rumours to bed

    15 September 2008

    Paragon has revealed that it has terminated talks of a possible buyout with several interested investors.

  • Paras on the front line

    11 September 2008

    If there are four key components making up the value of an IFA firm - assets under management, brand, systems and people - it is the way in which the people resource is deployed in the firm to produce client services that constitutes the glue that fixes the value in place.

  • Personal Touch to take on Prestbury advisers

    11 September 2008

    Personal Touch Financial Services is to take on all Prestbury's advisers as Sesame predicts half of all mortgage networks will not be trading in 12 months.

  • Portability key on protection policies

    11 September 2008

    Many mortgage borrowers with medical conditions are trapped in unsuitable and often expensive payment protection policies, according to Burgesses.com.

  • Power share in Zimbabwe a “small success”, says Investec

    12 September 2008

    The power share settlement in Zimbabwe is a whispering rather than a roaring success, that’s according to Investec Asset Management frontier investments portfolio manager Roelof Horne.

  • Prestbury confirms MM scoop on LSE

    11 September 2008

    Prestbury has confirmed Money Marketing’s story that talks are in motion for 80 appointed representatives to move to Personal Touch Financial Services on the London Stock Exchange.

  • Prestbury suspends Aim trading for the second time this year

    10 September 2008

    Prestbury Holdings has suspended trading on Aim after informing the stock exchange that it would not be able to publish its interim results on time.

  • Prime securitised arrears up 50%

    11 September 2008

    Arrears on HBOS prime residential mortgage-backed securities have risen well above the average 50 per cent increase in overall prime RMBS arrears.

  • Probity online service offers checks on bond fund links

    11 September 2008

    Acuity Consultants has set up an online fund governance service to help IFAs assess the acceptability of fund links for portfolio bonds.

  • Probity online service offers checks on bond fund links

    11 September 2008

    Acuity Consultants has set up an online fund governance service to help IFAs assess the acceptability of fund links for portfolio bonds.

  • Product matters Alec Ruthven

    11 September 2008

    I attended an investment seminar early in the new year and, from all the funds being promoted, one stood out - the JP Morgan cautious total return fund.

  • Pru extends PruFund guarantee

    15 September 2008

    Prudential has extended the guarantee facility on its PruFund Investment Plan.

  • Psigma's Becket says multi-asset is

    11 September 2008

    PSigma director of investment strategy Thomas Becket says all multi-managers will have to go down the multi-asset route to be successful in the long term.

  • Regulator investigates absolute return issues

    11 September 2008

    Advisers have welcomed the regulator's decision to conduct informal work into absolute return funds.

  • Regulator says all review files at fined broker had false incomes

    11 September 2008

    The FSA has fined Derbyshire mortgage broker Approved Financial Solutions £63,000 for failing to ensure it gave suitable advice.

  • Rescue attempt

    11 September 2008

    The run on Northern Rock prompted possible reforms to the banking system. Two key areas are the proposed legislation on the special resolution regime for banks and building societies and depositor protection.

  • Rescue example

    11 September 2008

    The world's most powerful nation, a staunch advocate of free markets and capitalism, has just carried out the biggest nationalisation since Lenin held sway in Moscow.

  • Rock crisis lost banks £71bn

    12 September 2008

    UK banks have seen their market value plummet by a total of £71 billion in the year since Northern Rock was saved by the Government.

  • Rowanmoor launches RBS loan for property in SSAS

    12 September 2008

    Rowanmoor Pensions has launched a lending facility with Royal Bank of Scotland to allow clients to buy property within a small self-administered pension scheme.

  • Royal London international to rename as Royal London 360°

    10 September 2008

    Royal London’s combined international businesses will be renamed Royal London 360° when the Isle of Man based operation launches in 2009.

  • RWC unveils details of Asia fund launch

    15 September 2008

    RWC Partners has announced that its Asia ascent fund will be launched on October 20, 2008.

  • Savills buys PTP Homeloans

    15 September 2008

    Savills Private Finance has bought PTP Homeloans

  • Sipps still shun private equity

    11 September 2008

    Sipp providers have been accused of preventing investors from accessing some types of investment which they see as too difficult.

  • Skandia urges advisers to act before October IHT deadline

    12 September 2008

    Financial advisers with clients who change the beneficiaries of their trust after October 5, 2008 could suffer an inheritance tax penalty on assets.

  • Skipton sent spinning on 95% parent loan details

    11 September 2008

    Moneysupermarket.com has hit out at Skipton's new Mutually Exclusive 95 per cent mortgage as a "75 per cent mortgage with another name".

  • Sow the seeds

    11 September 2008

    I am told that the recent ABI sales figures make interesting reading. Overall sales of Term, IP and CIC are the tiniest smidgeon higher so far in 2008 than they were in 2007, which itself was well down on 2006.

  • Standard Life acquires employee benefits business

    16 September 2008

    Standard Life has acquired the employee benefits business Vebnet in a 260p per share offer which values the existing issued share capital at £24.2m.

  • Sticking points

    11 September 2008

    Walking through cold treacle is exactly how it feels to be investing in the market right now. Advisers are rightly confused about what they should be telling clients. What observations can we make?

  • Structured products tipped for growth but drawbacks remain, says Wins

    15 September 2008

    Structured products will continue to grow but there are drawbacks to the vehicles which should be considered, says Wins Investment Trust.

  • Structured row is sparked by IMA warning

    11 September 2008

    Wealth manager London & Capital has hit back at the Investment Management Association's structured product warning, saying that over 200 IMA member funds hold structured products.

  • Switch public sector to DC to close divide

    11 September 2008

    PensionsBy Leah MilnerHargreaves Lansdown has called for a shift in public sector pensions to defined contribution to reduce the burden for taxpayers.

  • TCG secures technology contract with Badger

    11 September 2008

    Technology firm The Charlbury Group is to oversee the technology systems for estate agency group Badger Holdings Limited.

  • The big concerns on proposed pension reforms

    11 September 2008

    1: Means-testing There is growing concern that the Government's means-testing paper will provide no new answers while allowing the clock to continue to tick down. The level of means-testing is integral to the reform, particularly its impact on low and middle-income personal account savers who may be punished for thrift. The matter must be resolved as a matter of urgency to allow Government officials and Pada to better assess the risk of mass opt-outs.

  • The Consulting Consortium launches adviser training tool

    11 September 2008

    Compliance advisory firm The Consulting Consortium has announced the launch of its Serious Learning platform, which offers training for advisers in strategy, sales, finance, IT and regulation.

  • The Mena machine

    11 September 2008

    Fund launches have come from the likes of Barings, Franklin Templeton, Pictet and Investec.

  • The pain of plain

    11 September 2008

    Effective communication often determines the outcome of sales meetings (apologies to all you fee-based readers, I mean advice meetings).

  • The risk in Russia

    11 September 2008

    Russia's tumultuous relationship with the West has increased its risk premium but some leading fund managers believe long-term investment fundamentals for the country remain strong.

  • The shortfall in FOS logic

    11 September 2008

    The SIB's Review of Past Business, dated October 1994, which applies to business written in, and before, October 1994, states that files should be reviewed to determine whether or not: 1: they were compliant, and 2: resulted in financial loss to the investor.

  • The shortfall in FOS logic

    11 September 2008

    The SIB's Review of Past Business, dated October 1994, which applies to business written in, and before, October 1994, states that files should be reviewed to determine whether or not: 1: they were compliant, and 2: resulted in financial loss to the investor.

  • Thinc South-East to axe support staff as it falls short of targets

    11 September 2008

    Axa-owned Thinc Group is making a third of its support staff redundant at its London offfice, Money Marketing understands.

  • Thinktank in call for NHS cash to set up private system

    11 September 2008

    Independent thinktank Reform is calling for a new healthcare model that ensures everyone is covered by a health protection provider of their choice.

  • Threadneedle appoints property specialist

    15 September 2008

    Threadneedle has appointed Peter Mackaness as an investment specialist within its property team.

  • TMW to offer free EPCs

    12 September 2008

    The Mortgage Works has become the first lender to offer free energy performance certificates to landlords.

  • Trail shock for advisers on Dunbar pensions

    11 September 2008

    Advisers servicing clients with Zurich pension plans originally sold by Allied Dunbar representatives may not be entitled to any ongoing commission.

  • Transact wrong to reject third way

    11 September 2008

    Further to the article on August 28 entitled, Transact rejects third way as better for provider than client, I do not follow the logic in Transact's decision to rule out providing variable annuities on its platform. There are important aspects of Malcolm Murray's reasoning that I fundamentally disagree with.

  • Transfer request

    11 September 2008

    While nowhere near to being a done deal, there is a real danger that we may, just may, be on the verge of seeing some genuine progress regarding in-specie transfers.

  • Treasury committee chief backs funding help for mortgages

    11 September 2008

    The chairman of the Treasury select committee has backed calls for Government action to help fund the mortgage markets.

  • Treasury Committee outlines financial stability proposals

    16 September 2008

    The Treasury Committee has called for a Financial Stability Committee to be established in order to control the Bank of England’s financial stability functions.

  • Trigger points

    11 September 2008

    The yawn that ran round the City dealing room in which I was present when the announcement of no change to interest rates was delivered last week was audible. Who truly believed that the Bank of England could do anything other than keep the ship on a steady course? The OECD may be pointing to the UK as the most likely major Western economy to dip into recession but such is the division within the monetary policy committee that a different outcome was never really in prospect. I must say, ...

  • US shows the funding way

    11 September 2008

    The UK mortgage industry hopes the bailout of Freddie Mac and Fannie Mae will lead the Government here to take decisive mortgage funding action.

  • US stock market rally no reason for complacency, says AWD Chase de Vere

    11 September 2008

    The US government’s bail out of Freddie Mac and Fannie Mae has restored some market optimism but financial stability still remains uncertain, warns AWD Chase de Vere.

  • Wave faces closure

    11 September 2008

  • 'We need shock tactics to drive home our message'

    11 September 2008

    Lifesearch managing director Tom Baigrie is calling on the insurance industry to fund a hard-hitting advertising campaign highlighting the importance of income protection.

  • West Brom sales force to gain diploma qualification

    12 September 2008

    West Bromich Building Society has launched a sales academy that aims to raise the standard qualification of its sales force to diploma level.

  • Which? PPI report misleads Britons, says provider

    11 September 2008

  • Will bank's lone voice finally win the case for cuts?

    11 September 2008

    The mortgage industry is waiting for the Bank of England MPC minutes to see if the argument for cutting base rate is winning backers.

  • Window on our world

    11 September 2008

    Those who are concerned about the amount of data that has to be collated and published now should prepare themselves for what is to come. The FSA states that it intends to publish further proposals at the end of 2008 with a view to introducing changes in 2009 and 2010.

  • Work longer and use equity release plans, says Blunkett

    11 September 2008

    Former Work and Pensions Secretary David Blunkett has warned that people will have to work longer to pay for their retirement and need to make greater use of equity release.

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