11 April 2007
Not manana but Tomorrow. GE Life has joined Liverpool Victoria now LV= in the season of the rebrand.
Now that treating customers fairly is embedded in most firms' compliance regime, the FSA is already progressing its principle-based regulations agenda, with yet another EU directive, Mifid, helping to drive this agenda.
Skandia MultiFundsProtected Portfolio Investment
Abbey caused controversy this week after it launched a stepped rate mortgage at 2.99 per cent for the first year but the rate then more than doubles after 12 months.
Over a third of advisers are not acting on recommendations from their compliance consultants that would have improved their regulatory position, according to FSA research.
The state pension system is too important to be so complicated.
Prudential head of annuities Aston Goodey says that as inflation bites into pensioners' income, their only real alternative for making their money work for them is an investment-backed annuity and with-profits are a viable option.
Four months into 2007 and it appears investment houses are starting to wise up to the gameplans of a number of boutiques that are looking to spread their wings in the market.
Pensions minister James Purnell has conceded that personal accounts will not benefit everyone, arguing that autoenrolment should be in the general interest of UK savers.
Axa FramlingtonMulti-Manager Reserve Fund
Baring Asset Management has applied for UK distributor status for three of its offshore multi-manager funds to attract retail investors through IFAs.
Why the Government is encouraging a dependency culture in the UK.
Catholic Building SocietyOne-Year Fix - Issue 1
It is difficult to find anyone whose optimism remains completely untrammeled at present.
The FSA has changed its mind about plans to regulate investment trusts which might have seen a repeat of the split-cap debacle.
This week by ex-Daily Mail personal finance reporter James Coney, now deputy business editor at the Daily Mirror.
Why recent revelations on tax credits must not lead to Brown closing up sources of information.
Dalton Strategic Partnership has launched the Melchior selected trust UK opportunities fund. This is a Luxemburg based Sicav which replicates the investment strategy of the onshore Melchior UK opportunities fund.
Dawnay Day QuantumProtected Commodities Turbo IV
Firm defends approach as doorstepped advisers call for end to 'prehistoric practices'
This week Money Marketing highlighted worries over the selling strategies of a certain American adviser firm and stockbroker.
Seven Investment Management has introduced its first ethical fund in response to the growing demand for funds that do not compromise an investor’s principles.
The row between members of the European Parliament Equitable Life committee has escalated with Conservative MEP Sir Robert Atkins accusing Labour MEPs of trying to wreck the report for political gain.
With most of the European economies improving, European shares should also improve, particularly smaller company shares where there is a large amount of takeover and merger activity and a lot of undervalued niche firms.
Hedge fund multi-manager Fortune Asset Management expects its closed-ended market wizards fund to list on the London Stock Exchange within four weeks.
The Financial Services Authority has banned a broker from carrying out regulated activities for management failures and a lack of skill, care and diligence.
The FSA has delayed any proposals to reform the funding of the Financial Ombudsman Service due to “significant volatility” in case numbers experienced by the FOS.
The FSA says it maintained a tough stance towards small firms that failed to meet its minimum standards in 2006/07.
There was disappointing news from the FSA last week after the regulator announced it was to delay any changes to the way the Financial Ombudsman Service is funded.
The Financial Services Authority has fined the ex-finance director of a former ING subsidiary £30,000 for breaches of FSA principles by “failing to exercise due skill, care and diligence in carrying out his role”.
Godiva MortgagesFive Year Fixed Fee Free MOREgage
A couple are advised to take maximum pension income rather than risk leaving it to the Chancellor in tax charges.
Gregor Watt reports on a massive potential market opening up now that Germany has brought in Reits.
Hargreaves Lansdown has confirmed it will continue with its initial public offering of shares and will be listed on the London Stock Exchange this summer.
Hedge funds Helen Pow reports on the retailisation of funds of hedge funds.
Guy Anker looks at the latest changes to home information packs.
Aegon fixed-income manager Iain Buckle says the American sub-prime crisis is bringing problems in the fixed-income sector as borrowers are defaulting and leaving second-lien mortgages which have been sold on by the lenders and packaged to investors as asset-backed securities.
HSBC Investments has reopened its GIF BRIC Freestyle fund less than a year after closing the vehicle to new investment.
Nick Kirwan, protection marketing manager at Scottish Widows, says advisers should assess their individual clients' personal rate of inflation when it comes to considering protection needs.
Our panel look at Isa demand and how investors are splitting their cash, retail hedge funds and the growth of private equity.
Chris Salih profiles the fund firm's future after losing Ajay Ghambir.
Jupiter is launching a European income fund that will enable investors looking for income to diversify across continental Europe, where dividend yields are rising to levels that are similar to the UK.
Nick Kirwan has resigned from Scottish Widows where he was protection marketing director for just under three years.
Lighthouse Group's City Trustees division has received authorisation from the FSA to establish and operate personal pension schemes including Sipps with effect from April 6.
Martin CurrieGF Asia Pacific Fund
Financial Ombudsman Service chief ombudsman Walter Merricks says one in five people with critical illness policies may have policies that are actually invalid.
Midas Capital's balanced income and balanced growth funds are now available through Legal & General's life and pensions products, following the completion of a distribution link between the two companies.
A wealth of investment choice poses problems for advisers and clients. What are the solutions?
Brewin Dolphin Securities has launched Pension Tax Calculator to help people assess the damage caused by Gordon Brown's tax raid to their savings.
Preferred MortgagesNear Prime Extra One Year Fixed Rate
Three key words for property investors are location, location, location. For investors who want to reduce the level of risk in a portfolio, three important words are diversification, diversification, diversification.
A voracious appetite for all things property has brought a surge in the number of funds specialising in what was once a niche investment.
COMMERCIAL PROPERTY Annie Shaw looks at whether investors should be making a move into continental Europe.
PROFILE: Clare Bettelley interviews Brett Robinson, chief executive of Seven Dials Consulting.
PROFILE: Samantha Downes interviews ING Real Estate Management Company chief executive Stephen Pyne.
FUNDS Gregor Watt considers the difficulties of assessing comparative property fund performance.
The Treasury and HM Revenue & Customs have extended the deadline for pipeline PTA business to July 31 following pressure from the ABI.
Last year, speaking at a series of IFA dinners held around the UK, a number of advisers were quick to slate the media. Why don't we write about things that really matter, was the common refrain.
River and Mercantil Asset ManagementUK Unconstrained Fund
Scottish Life has hit out at rivals for being "economical with the truth" on Sipp charges, warning that advisers could soon face a wave of misselling complaints under the new regulatory regime.
Scottish WidowsRetirement Account
Until recently, I had always thought the Investment Management Association was a more up to date trade body and one that the ABI should considering copying.
A spell of gardening leave gave this founding partner of J Rothschild Assurance time to reflect on life. So, as he sets out on the acquisition trail as chief executive of Thinc Group - now part of the Axa stable - he stresses that it is what you are, not who you are, that is important. Interview by Sam Shaw
Vantis, the AIM-listed business advisory, tax and accountancy firm, is rejecting warnings from some IFAs that Sipps could be the subject of the next mis-selling scandal, claiming instead that investors have bought into them sometimes in spite of advice that they are not the right vehicle.
James Salmon says regulation is set to bring a fallout for firms.
Sipp regulation has dominated the world of pensions this week, something Gordon Brown must be pleased about.
Child trust funds Families are embracing the CTF but advisers are being slow to take advantage of the UK's first universal savings product, now two years old. The Children's Mutual chief executive David White reveals why he thinks it is important for advisers to become involved.
Smith & Pinching Portfolio Management's strategy of investing in funds that are not commonly supported by other multi-managers has prompted it to invest in a Vietnamese equity fund.
Economic data suggests the fundamentals remain supportive for the UK economy.
SVM Asset ManagementSVM Savings Scheme For Children
SVM Asset ManagementSVM Savings Scheme For Children
SWIP has appointed Gareth Quantrill as head of bond product, a newly created role, within its global bonds and economics team.
British people with overseas private properties will benefit from a new tax bonus, says Assetz.
Taylor Young Investment ManagementCF Taylor Young International Equity
Taylor Young Investment ManagementCF Taylor Young Opportunistic Fund
TD Waterhouse has announced the launch of an optional multi-currency facility on its Self-invested personal pension (Sipp).
Will regulation have passed like a Sipp in the night by the time you read this? The Sipp market is now regulated and providers and advisers alike will feel the scrutiny of the FSA.
Nil-rate band planning for inheritance tax can be a very effective strategy.
In the second of two articles on regulation, Harry Katz of Norwest Consultants, turns his attention to the FSA's retail distribution review.
Forget all the media scare stories about up-front commission, says Lifesearch head of protection strategy Kevin Carr, as pure protection is an area of financial services where commission can serve the consumer well.
Threadneedle InvestmentsChina Opportunities Fund
The Conservatives have tabled a motion of no confidence in Gordon Brown over his handling of occupational pensions, the first time the Chancellor has faced such a charge in office.
UBS Global Asset Management has today announced an expansion of its retail sales team as John Shepherd and Warren Tonkinson are promoted into senior roles to help capture future growth opportunities in the distribution arena.
UCB Home LoansSelf Cert Three Year Flexible Fixed
CML says market differences will buoy up UK lending
US manager of managers specialist SEI Investments says it is making progress in its search for a second UK distribution partner as it looks to target high-net-worth clients.
Spending more time with clients is probably the best way for advisers to increase their income. The problem is time is a scarce resource and travelling to meetings can take as much time as the meetings themselves.
Perhaps less is more when it comes to branding.
Winterthur has launched the Winterthur PSigma Income Fund.
Investors asking 'Who are you?' when considering hedge funds should be cautious.
Invesco Perpetual star manager says effect of recent interest rate rises is finally being felt in the UK market