11 February 2010
James Smith talks to PSigma income guru Bill Mott.
Advisers have hit out at Axa over an initiative to call investment bond customers directly, claiming it is trying to bypass IFAs.
Ascentric is planning to introduce an admin charge from April for funds on its platform with low assets under administration.
Hargreaves Lansdown predicts the Government will axe rules allowing non-taxpayers to get tax relief on pension contributions in the next Budget.
Witnesses at the first Which? Future of Banking Commission session this week attacked the sales culture in bank branches.
“It may be entirely appropriate to increase the FSA’s budget this year so long as the right people are being asked to pay the right share of the costs.”
Rob Reid says Aviva should be ashamed of its decision to allow up to 10 per cent commission on transfers to their wrap.
PanaceaIFA’s Derek Bradley says long-stop lobbyists should step their campaign up a gear.
Friends Provident has been attacked for delays in paying retirement benefits and for failing to communicate with IFAs.
The Financial Services Authority has banned a London-based mortgage broker for failing to prevent his business being targeted by mortgage fraudsters.
Phil Jeynes on getting to grips with promoting protection in the UK
“A weaker yen and the ever eastwards shift of global growth could convince equity investors that Japan is a good bet again.”
Piers Hillier has joined LV= Asset Management as its chief investment officer.
This week, Money Marketing announces plans to launch an academy to help readers achieve the new qualification benchmarks required by the retail distribution review.
Money Marketing welcomes the Conservative Party’s commitment to scrap forced annuitisation.
Money Marketing is to launch a training academy to help our readers achieve the benchmark qualifications required by the retail distribution review.
Chris Gilchrist says technology will force advisers and intermediaries to become innovators.
Octopus Investments has temporarily closed its enterprise investment scheme to new investment amid uncertainty over HM Revenue & Customs’ interpretation of EIS legislation.
Offshore providers have asserted their commitment to the UK market following the news that Aviva is pulling its offshore bond business due to insufficient demand.
Qrops promoter Panthera is looking to sign a distribution agreement with a trust company in Malta for a qualified recognised overseas pension scheme.
The Personal Finance Society has warned the Conservatives against reinventing the wheel after a manifesto pledge to develop a free national financial advice service costing the industry £50m per year.
Pointon York’s annual administration fee on its Sipp has risen by 7 per cent to £740 from £690 due to a pricing increase and the VAT change.
Rockingham Retirement is set to expand its annuity clearing house service to search whole of market for the best deal.
Royal London is the latest provider to look at entering the corporate wrap market.
Royal London has slammed active member discounts on some group pension schemes, which mean members are hit with a higher annual charge if they leave their employer.
Advisers say that FSA chief executive Hector Sants is leaving a legacy of failing to crack down on bank advice and not understanding the needs of small IFAs.
It seems only yesterday when we were looking at consumer confidence and a heated housing market keeping the mortgage sector well propped up.
Nic Cicutti says he cannot see why Standard Life did nothing to prevent misunderstanding on their part about the sterling fund.
Paul Farrow says Tory pension proposals raise more questions than answers
Stroud & Swindon Building Society’s intermediary arm ITL Mortgages is planning to offer a product that allows borrowers to switch to a fixed rate at any time without a penalty charge.
Scottish Widows Investment Partnership is looking to widen the investment remit of its £1.5bn property trust.
Helen Pow reports that the Tory manifesto plan to axe compulsory annuitisation could see innovative products coming into the retirement market.
Vestra to act as independent manager for green fund of fund.
Paul Thomas asks how Google’s US online mortgage comparison portal would play out in the UK market
Reeve-Sim’s Mark Reeve says Nucleus’ wrap does what it says on the tin.