This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
Money Marketing Cover

11 March 2009

Money Marketing

  • ABI takes control of total premium requirement

    12 March 2009

    Protection providers have been thrown a lifeline after the FSA has called on the Association of British Insurers to spearhead an initiative around its total premium requirement.

  • ABI warns against major regulatory changes

    13 March 2009

    The Association of British Insurers says major structural changes to the UK regulatory regime would be a “distraction”, but adds that an EU supervisor is needed to oversee national regulators.

  • Accept pain for long-term gain

    12 March 2009

    Just one year ago, we thought a wrap was what the Scottish Widow wears but the more we heard, the more we began to wonder if this was indeed the case.

  • Addressing gown

    12 March 2009

    Over the past couple of weeks, I have been looking in detail at the rules and practice on the deductibility of premiums paid under keyperson policies.

  • Adviser Fund Index

    12 March 2009

    As macro-economic news seems to move from bad to worse, investors' confidence in the value of their investments has been tested, resulting in widespread sell-offs. The shortening of investment horizons that this implies is a cause for concern for AFI panellists.

  • Advisers hit back at claim that cash beats pensions

    12 March 2009

    Advisers have slammed claims that many defined-contribution pension scheme members would have been better off saving in a cash account in light of recent stockmarket turmoil.

  • Aegon posts Q4 loss of £167m

    12 March 2009

    Aegon has posted its first ever loss for the fourth quarter of £167m across the international group, as it put aside £922m of extra capital.

  • Aegon targets pension funds

    13 March 2009

    Aegon's equity high alpha fund is aimed at pension and institutional investors seeking to maximise returns and access to the AEGON equity team through a pooled fund. The fund manager is Peter Shaw, who currently manages the firm's UK tactical pension fund.

  • Aifa calls for Govt rethink on EFG scheme

    11 March 2009

    The Association of Independent Financial Advisers has called on the Government to reconsider the exclusion it has placed on IFAs preventing them from applying for its Enterprise Finance Guarantee scheme.

  • Aifa calls for removal of employee tax limit for advice

    12 March 2009

    The Association of Independent Financial Advisers is urging the Government to scrap the £150 tax limit for financial advice for employees as part of the April Budget.

  • Aifa warns of cost of overhauling regulator

    11 March 2009

    The Association of Independent Financial Advisers has welcomed Sir James Sassoon’s review of the tripartite system, commissioned by the Conservative party, but warned of the cost involved with overhauling regulatory structures.

  • Alliance & Leicester - Two Year Fixed

    13 March 2009

    Alliance & LeicesterTwo Year Fixed

  • Alliance Trust Asset Management - North American Equity Fund

    16 March 2009

    Alliance Trust Asset ManagementNorth American Equity Fund

  • Alliance Trust Asset Management - UK Equity Income Fund

    16 March 2009

    Alliance Trust Asset ManagementUK Equity Income Fund

  • Alternatives for income

    12 March 2009

    On February 20, Anglo American, the world's biggest platinum producer, scrapped its final dividend. Just over a week later, HSBC, Europe's biggest bank, cut its final dividend by almost a third.

  • AMI urges Government to re-invent MIGS

    12 March 2009

    The Association of Mortgage Intermediaries has called on the Government to use the 2009 Budget to re-introduce Mortgage Indemnity Guarantees as a means to aid lending.

  • AMI wants Woolwich to rethink tranche system

    12 March 2009

    The Association of Mortgage Intermediaries has called on Woolwich to reassess its new mortgage tranche management system after members have voiced concerns over waiting times and inability to secure funding.

  • Arc Capital & Income - Bull & Bear Enhanced Investment Plan 6

    13 March 2009

    Arc Capital & IncomeBull & Bear Enhanced Investment Plan 6

  • ARCH Cru funds suspended due to liquidity problems

    16 March 2009

  • Axa Framlington chips away

    16 March 2009

    Axa FramlingtonUK Blue Chip Equity Income Fund

  • Axa kicks-off protection sales aid series

    13 March 2009

    Axa has released a little blue book of sales aids to help advisers promote protection throughout 2009.

  • Axa launches blue chip fund

    13 March 2009

    AXA Framlington has recently launched the UK blue chip equity income fund. This was previously the UK equity income fund prior to the fund rationalism programme, which AXA Investment Managers has been implementing over the past year.

  • Bank offered £10bn in Gov’t bonds

    12 March 2009

    The Bank of England was offered £10.5bn in Government bonds from investors yesterday as it began its bond buy up with newly created money.

  • Barclays confirms talks for potential iShares sale

    16 March 2009

    Barclays has confirmed it is holding talks for the sale of its iShares unit for a reported £5bn.

  • Baring Asset Management - Baring Global Agriculture Fund

    13 March 2009

    Baring Asset ManagementBaring Global Agriculture Fund

  • Baring looks to growth from agriculture

    13 March 2009

    Baring Asset Management has brought out a global agriculture fund to take advantage of the long-term demand for soft commodities.

  • Beer & Partners - EIS Scheme

    13 March 2009

    Beer & PartnersEIS Scheme

  • Bell appeals to Darling for Sipp property boost

    12 March 2009

    AJ Bell chief executive Andy Bell has written to Chancellor Alistair Darling urging him to allow Sipps to invest in UK residential property as a means to boost the "severely battered" housing market.

  • Beware of the compare

    17 March 2009

    Bright Grey this week launched a lifestyle protection product to be sold through comparison site theidol.com.

  • BlackRock gold and general manager Birch set for sabbatical

    16 March 2009

    BlackRock gold and general fund manager Graham Birch is to go on sabbatical for the remainder of 2009.

  • Bond master

    12 March 2009

    Last month witnessed huge amounts of money being withdrawn from banks and building societies. Interest rates are so incredibly low that the average instant access account now pays 0.86 per cent. Building society savers are effectively being forced elsewhere in search of better returns.

  • Bric builders

    12 March 2009

    Sitting, as I was, in the Today Programme studio on the morning of the MPC's announcement, discussing quantitative easing, I could not help but wonder where all this central bank intervention and Government initiatives were likely to take us.

  • 'Bridge the exam divide with CPD'

    12 March 2009

    The Association of Independent Financial Advisers is calling on the FSA to allow advisers with qualifications made up of QCA level 3 and 4 components to bridge any gaps with CPD.

  • Bright Grey develops product for comparison site

    16 March 2009

    Bright Grey has launched a lifestyle protection product to be sold specifically through comparison site theidol.com.

  • Broker banned for false applications

    11 March 2009

    The FSA has banned Anthony Abiona, trading as Renbe Associates, for submitting false and misleading information to lenders.

  • Broker Talkback

    12 March 2009

    Do you think the monetary policy committee's £75bn quantitative easing programme will kickstart the economy?Yes 50%No 50%

  • Bubbling under

    12 March 2009

    Do you agree with the Investment Management Association that structured products should be regulated?

  • Bupa IP records 38 per cent increase in new business in 2008

    16 March 2009

    Bupa Individual Protection recorded a 38 per cent increase in new business annual premiums during 2008, up 13 per cent on 2007.

  • Bureau de change

    12 March 2009

    If you go back a year or so and look at the material on financial legislation coming out of the European Union institutions in Brussels and you will find a common thread — all the texts read like bureaucratic documents. No, no surprise there. What other characteristics should legal documents have?

  • Cable wants Thoresen priority over RDR

    12 March 2009

    Liberal Democrat Shadow Chancellor Vince Cable says the implementation of the Thoresen review should take priority over the retail distribution review.

  • Cable willing to provide court evidence against Barclays

    17 March 2009

    Liberal Democrat Shadow Chancellor Vince Cable has slammed Barclays for obtaining a court order banning The Guardian from publishing documents on its tax affairs.

  • Cap of good hope

    12 March 2009

    Smaller companies are not an area in favour, considering they are often the biggest victims of a struggling economy.

  • Carry on cabby

    12 March 2009

  • Cater Allen - Protected Growth Plan 1

    13 March 2009

    Cater AllenProtected Growth Plan 1

  • Chief exec leaves AWD Chase de Vere

    12 March 2009

    Chief executive Mike Kirsch has left AWD Chase de Vere after a restructuring of the business. He will not be replaced, with his role being split between staff.

  • CII and Tenet offer diploma support

    16 March 2009

    Tenet Group has signed a deal with the Chartered Insurance Institute to provide a learning support package for its member advisers who want to work towards the CII’s diploma in financial planning.

  • Clarity disparity on pension fund fees

    12 March 2009

    Personal pension and Sipp charges to invest in the same external fund differ by up to 1 per cent depending on provider.

  • Class acts

    12 March 2009

    During the last week, I have learned of two initiatives from the usually mundane world of income protection insurance.

  • Collins Stewart adds to multi-manager expertise

    12 March 2009

    Collins Stewart Wealth Management has bolstered its multi-manager team with the appointment of Chris Colclough.

  • Controlling forces

    12 March 2009

    Mortgage distributors are striving to offer lenders more stringent tranche management as they compete for available funds. Lenders want control and are looking to networks and mortgage clubs to guarantee that.

  • Coral and Strutt & Parker Real Estate Financial Services - Coral Student Portfolio

    13 March 2009

    Coral and Strutt & Parker Real Estate Financial Services Coral Student Portfolio

  • Coral eyes up student property

    13 March 2009

    The Coral Student Portfolio is an actively managed fund of funds that will seek to profit from the low correlation of assets such as property. It has been launched to market demand for alternative student accommodation fund.

  • Cross-party call for structured sales probe

    12 March 2009

    The Conservatives have joined Treasury select committee chairman John McFall in calling for a full investigation into structured product sales in the aftermath of the Lehman Brothers' collapse.

  • Darling backs plan for single EU regulator

    12 March 2009

    Chancellor Alistair Darling has endorsed calls for the creation of a single regulatory body to act as an independent, technical financial rule-maker across the European Union.

  • Deals for home insurance

    12 March 2009

    Home and contents insurance provider Uinsure has struck distribution deals with Positive Solutions, Tenet, Money Portal, Openwork and Intrinsic.

  • Defaqto puts focus on stats

    12 March 2009

    Defaqto has revamped the layout of its quarterly multi-manager guide, Blending Talents, to focus on statistics and comment.

  • Don't think twice

    12 March 2009

    There was yet another early day motion laid in the House recently on the subject of enforced annuitisation at age 75 and the potential 82 per cent tax that can hit the pension savings of people over this arbitrary age. This latest EDM once again calls on the Government to consider legislation to alleviate this exorbitant tax situation.

  • Eadon sets up release firm

    12 March 2009

    Ex-PFS chief executive Tim Eadon has launched a new IFA firm, Better Retirement, specialising in equity release.

  • Elderstreet Investments - Elderstreet VCT Top Up

    13 March 2009

    Elderstreet InvestmentsElderstreet VCT Top Up

  • Emerging patterns

    12 March 2009

    The problems in financial systems globally - and more particularly in developed economies - are structural. We need to see banking systems, corporates and consumers deleverage their balance sheets. This is going to be a painful process but a necessary one that will take time to work.

  • EPH offers slice of Swedish property

    13 March 2009

    EPH Partners, a property advisory group, has launched its first fund - EPH Sverige. It provides investors with the opportunity to invest in Swedish pre-let residential properties.

  • EPH Partners -EPH Sverige PLC

    13 March 2009

    EPH Partners EPH Sverige PLC

  • Fail safe?

    12 March 2009

    The appetite for corporate bonds shows little sign of abating. Advisers accounted for four out of five bond funds sold in January which amounted to £1.4bn and 25 per cent of all fund sales.

  • Fair factor

    12 March 2009

    It is amazing how many times the Office of Fair Trading has stymied a simple regulatory solution to the problem of how IFAs charge for their services without real or perceived bias.

  • Financials drag on FTSE

    17 March 2009

    The FTSE has closed 0.18 per cent lower 3,857.10 after closing 2.9 per cent higher in Monday’s session with banks holding back on previous gains after pressure on Wall Street.

  • Fitch downgrades L&G

    13 March 2009

    Credit rating agency Fitch has downgraded Legal & General blaming depletion of the firm’s capital as a result of steep declines in equity and credit markets.

  • Fortis system explains loading

    12 March 2009

    Fortis Life UK is developing an automated system to explain to advisers why policy applications are being loaded.

  • Franklin Templeton investments - Franklin US Opportunities Fund

    13 March 2009

    Franklin Templeton investmentsFranklin US Opportunities Fund

  • Franklin US fund follows the leaders

    13 March 2009

    The Franklin US opportunities fund aims for growth by investing in a portfolio of US companies that are leaders or emerging leaders in their industries.

  • Friends ends talks on F&C AM sale

    12 March 2009

    Friends Provident has pulled out of discussions over the potential sale of F&C Asset Management. After talking to a number of interested parties, Friends says it now intends to divest its holding to shareholders.

  • Friends Provident profits up at £420m

    17 March 2009

    Friends Provident has posted EEV full-year profits of £420m, up from £16m in 2007, but suffered an £871m loss on an IFRS basis.

  • FSA blocked RBS revolt against Goodwin, says Times

    13 March 2009

    The FSA blocked an attempt by revolting shareholders to vote off former chief executive Sir Fred Goodwin from the board, according to the Times.

  • FSA chief says former Bank of England staff to blame for regulator’s failings

    11 March 2009

    FSA chief executive Hector Sants has defended the FSA’s future role in banking supervision, highlighting that former Bank of England employees led areas where the regulator had operational failings.

  • FSA forces Barclays to change unfair contract terms

    17 March 2009

    Barclays has been forced to change the contract terms of its fixed rate savings bond after the FSA ruled that some sections are unfair.

  • FSA head of TCF Sarah Wilson resigns

    11 March 2009

    The FSA’s director of treating customers fairly Sarah Wilson has resigned from the regulator.

  • FSA issues consumer warning about The Financial Associate Limited

    12 March 2009

    The FSA has issued a consumer warning about Kent-based advisers The Financial Associate Limited and is urging customers of the firm to contact the regulator.

  • FSA issues consumer warning over advice firm UKEIFAS

    13 March 2009

    The FSA has issued a consumer warning about UK Expatriates Independent Financial Advisory Services, which operates form Middlesbrough and Wrexham.

  • FSA offers rewards for failures

    12 March 2009

    Adair Turner has claimed that for the FSA to do its job better in the future than it has to date, it is going to need to pay its staff even more than it does already.

  • FSA says firms' risk controllers must challenge senior management

    11 March 2009

    The FSA has warned investment firms' senior risk control personnel and non-executive directors must be willing to challenge senior management on the adequacy of internal risk controls.

  • FSA shows lending down 48%, repossessions up 68%

    17 March 2009

    New mortgage lending has fallen 48 per cent in the year to Q4 2008, while the number of repossessions shot up 68 per cent.

  • FTSE falls as volatile week continues

    12 March 2009

    The FTSE 100 fell over 50 points this morning with Aviva and Prudential among the biggest fallers.

  • FTSE up 6 per cent on the week

    13 March 2009

    The FTSE 100 has gained 6.3 per cent this week, closing up today at 3753.68 on Monday's open of 3,530.73.

  • Funds yield to sector switch

    12 March 2009

    Advisers believe more funds are likely to move across to the newly launched IMA UK equity income and growth sector as the search for yield gets tougher.

  • Gartmore - European Absolute Return Fund

    13 March 2009

    GartmoreEuropean Absolute Return Fund

  • Gartmore opens absolute return to retail market

    13 March 2009

    Gartmore has made its absolute return investment process available to retail investors with the creation of its European absolute return fund.

  • Gilt yields could fall to 2% says M&G’s Leaviss

    13 March 2009

    M&G head of retail fixed income Jim Leaviss says yields on mid- and long-dated gilts could fall to as low as 2% following the launch of the Bank of England’s quantitative easing programme.

  • Gov’t hiding banks’ debt, says New Star’s Ward

    16 March 2009

    The Government’s decision to add Lloyds Banking Group and RBS to the public balance sheet will give an artificial boost to public finances, says New Star’s Simon Ward.

  • Government should allow local authorities to lend, says Exact

    17 March 2009

    Exact is calling on the Government to use local authority lending to fill the mortgage lending shortfall.

  • Govt cash trashing forcing investors into riskier assets, says Hargreaves Lansdown

    17 March 2009

    The Government’s recent intervention is trashing cash and pushing investors who are seeking greater income into riskier assets, says Hargreaves Lansdown head of research Mark Dampier.

  • Gov't gives green light to 90-day waiting period for auto-enrolment

    12 March 2009

    The Government has announced that employers will be allowed to operate a 90 day waiting period before they need to auto-enrol staff into a private pension scheme after 2012.

  • Green shoots and red faces

    12 March 2009

    We all let out a huge, collective sigh of relief as we sat in the packed-out auditorium listening to the king of the FTSE addressing this year's National Association of Pension Funds investment conference in Edinburgh yesterday.

  • Hargreave Hale acquires W H Ireland Lancaster office

    12 March 2009

    Hargreave Hale, the stockbroker and fund manager has acquired W H Ireland’s Lancaster office as part of an expansion of its regional business.

  • Hargreaves Lansdown adds SVM fund to Wealth 150

    13 March 2009

    Hargreaves Lansdown has added the SVM UK absolute alpha fund to its Wealth 150.

  • Heavy hints of an end to light touch

    12 March 2009

    After years of so-called light-touch regulation, the financial crisis seems to be bringing about a significant change in attitude to regulation from politicians of all descriptions and from the bodies responsible for the oversight of the financial world.

  • Henderson aims to keep most New Star funds

    12 March 2009

    Henderson chief executive Andrew Formica says the group will look to retain the majority of New Star funds, with managers in some situations likely to oversee more than one fund.

  • Henderson fights back in bid to keep new stars

    11 March 2009

    New Star lynchpin Guy de Blonay has provided Henderson with a timely boost this week after announcing his intention to join the firm at the completion of the proposed merger.

  • Hopes dashed by Lloyds' lending aim

    12 March 2009

    Brokers are disappointed after Lloyds revealed it would only increase mortgage lending by £3bn over the next 12 months.

  • HSBC Global Markets - Protected FTSE Bonus Plus Plan III

    13 March 2009

    HSBC Global MarketsProtected FTSE Bonus Plus Plan III

  • Identity crisis

    12 March 2009

    So, the Norwich Union ads tell us, Aviva is who they always wanted to be. It is their lost identity, their true selves, their very soul. Ironic that the campaign includes an American actor who believed Bruce Willis was an improvement on his real name. Good job he was tough.

  • IFA Life launches Twitter directory

    16 March 2009

    Financial services social networking website IFA Life has launched a directory of advisers who use Twitter, to make it easier for consumers to find IFAs online.

  • IFAs need to widen range

    12 March 2009

    IFA firms offering independent, multi-tied and execution-only services will be the most successful business model in the post-RDR world, according to a panel of industry experts.

  • IFAs returning to friendly societies, says Cirencester Friendly

    11 March 2009

    Cirencester Friendly chief executive Paul Hudson says more IFAs are placing income protection business with friendly societies after realising the benefits for their clients.

  • IFG Financial Services launches sports & entertainment arm

    12 March 2009

    IFG Financial Services Ltd is forming a dedicated sports and entertainment management Team based in its Manchester office.

  • Ignis Asset Management sponsors Middlesex County Cricket Club

    11 March 2009

    Ignis Asset Management has signed a three-year sponsorship contract with Middlesex County Cricket Club.

  • IMA champions broad financial sector reform of regulation

    16 March 2009

  • Inside gang stole £4m from HBOS

    12 March 2009

    HBOS employees were able to by-pass security systems to enter customers accounts and copy confidential details, leading to more than £4 million being stolen, a court has been told.

  • Intermediary mortgage products down 20%

    12 March 2009

    Mortgage product numbers dropped below 3,000 for the first time, according to Trigold.

  • Investors to shun index links and aim for target return deals

    12 March 2009

    Multi-manager specialist FundQuest says target return products with reinforced protection are tipped for growth in the multi-asset sector.

  • JPMorgan Asset Management - US Equity Income Fund

    13 March 2009

    JPMorgan Asset ManagementUS Equity Income Fund

  • Kick out from Morgan Stanley

    16 March 2009

    Morgan StanleyFTSE Defensive Gilt-Backed Growth Plan

  • L&G reduces non-disclosure rates and pays more claims

    11 March 2009

    Legal & General has reduced the number of critical illness claims declined due to non-disclosure to just 4 per cent.

  • Lawyers offer release referral deals

    12 March 2009

    Law firm Goldsmith Williams has set up a specialist equity-release referral service for advisers.

  • Legal hurdles will stop factoring ban

    12 March 2009

    The FSA will not be able to legally impose a blanket ban on factoring in the retail distribution review, says Sesame.

  • Lenders lash latest rate cut

    12 March 2009

    The lending industry has hit out at last week's cut in bank rate to 0.5 per cent.

  • Life without the FSA

    12 March 2009

    Will the FSA be the next institution to fall? A new report for the Tories by a former adviser to Alistair Darling, Sir James Sassoon, suggests huge reform at least and wholesale replacement at most.

  • Liongate would rather quick step than contango

    12 March 2009

    Fund of hedge funds manager Liongate Capital Management has created a fund of commodity hedge funds on the back of an internal portfolio that has produced positive returns over one year.

  • Lloyds warns against adding mortgages to the RDR remit

    12 March 2009

    Lloyds Banking Group sales director of mortgages Nigel Stockton has warned the FSA of the dangers of extending the retail distribution review into mortgages.

  • Local authority pension funds to sue RBS

    16 March 2009

    Two British pension funds are to sue Royal Bank of Scotland, Sir Fred Goodwin and the entire RBS board of directors for losses incurred when RBS was bailed out, according to The Times.

  • Lord Myners flags up gaps in Sir Walker review

    12 March 2009

    City minister Lord Myners has flagged up a number of areas that need greater consideration within Sir David Walker’s review into corporate governance in banking.

  • LV = Asset Management - LV= Stockmarket ISA Fund

    13 March 2009

    LV = Asset ManagementLV= Stockmarket ISA Fund

  • LV= launches term assurance on moneysupermarket.com

    17 March 2009

    LV= has unveiled its plans to launch its level and decreasing term assurance product on moneysupermarket.com.

  • M&G adds to Merchant Investors pinnacle range

    16 March 2009

    Four M&G funds have been added to Merchant Investors’ pinnacle range.

  • Madoff jailed after guilty plea

    13 March 2009

    US financier Bernard Madoff has been jailed after pleading guilty to 11 charges surrounding his $50bn fraud.

  • Make your voice heard on fee rises

    12 March 2009

    The Association of Independent Financial Advisers and the Association of Mortgage Intermediaries are calling on all members to submit responses to the FSA's 2009/10 fee proposals.

  • Mark Skinner to join Henderson

    17 March 2009

    New Star managing director for retail Mark Skinner is to join Henderson Global Investors to run the group's UK retail business.

  • Market value

    12 March 2009

    I have built up some reasonable savings in cash. With interest rates being so low and stockmarket values being down, is now a good time to switch this money into shares?

  • Matrix Money Management - Matrix Credit Opportunities Fund

    13 March 2009

    Matrix Money ManagementMatrix Credit Opportunities Fund

  • Matrix Money Management - New Horizon Fund

    13 March 2009

    Matrix Money ManagementNew Horizon Fund

  • Matrix sticks to what it knows

    16 March 2009

    Matrix Private Equity PartnersMatrix Income & Growth 2 VCT C shares

  • Means to a blend

    12 March 2009

    Blending managers in a multi-manager structure is the task of optimally combining managers that offer complementary characteristics and should enhance performance potential within a more efficient risk framework. It is as important as choosing the managers in the first place.

  • Mid-cap or madcap?

    12 March 2009

    The mid-cap and small-cap sectors suffered last year in a sharp sell-off as fund managers with the remit to do so switched to large caps in an attempt to defend assets.

  • Money Portal CFO Nigel Ward resigns

    16 March 2009

    Money Portal group chief financial officer Nigel Ward has resigned from the firm only six months after joining.

  • Mortgage Brain to offer overseas mortgage sourcing

    11 March 2009

    Advisers will now be able to source overseas mortgage products on Mortgage Brain through a tie-up with Conti Financial.

  • MP makes plea to keep financial innovation flowing

    12 March 2009

    Treasury select committee member Andy Love, MP, has warned increased regulation must not damage industry innovation.

  • Myners was warned Goodwin’s pension would be “enormous”

    17 March 2009

    Banking Minister Lord Myners was warned that former RBS chief executive Sir Fred Goodwin’s pension would be “enormous” before the RBS board signed it off.

  • Neil Woodford paints gloomy outlook

    17 March 2009

    Invesco Perpetual income guru Neil Woodford says the economy is in a 'prolonged adjustment' and does not expect it to pick up in the next three to four years.

  • Network comparison engine now compares 17 distributors

    13 March 2009

    Adviser Matrix has revealed it is now comparing 17 networks and national IFAs after six months of trading.

  • New bank rate cut tightens squeeze on Sipp firms

    12 March 2009

    The Bank of England's latest 0.5 per cent rate cut has further squeezed the cashflow of many Sipp providers and made it increasingly likely that charges will rise.

  • New Isa options from LV=

    13 March 2009

    LV= has launched three new Isa fund options which are multi-manager funds to retail investors with different needs - income or growth risk profiles.

  • New Star’s Pease points to European promise

    13 March 2009

    New Star European growth fund manager Richard Pease believes the close correlation between Europe and the US markets could see the pair lead a bounce-back.

  • New Star's Guy de Blonay agrees to join Henderson

    11 March 2009

    New Star global financials fund manager Guy de Blonay has agreed to join Henderson at the completion of the deal, Money Marketing can reveal.

  • Numis predicts UK depression

    12 March 2009

    Numis securities says the UK is set for a depression as it attacks the Government policy, predicting a further house price slump of 55 per cent.

  • Nutt says dividends should sustain strength

    12 March 2009

    Jupiter income trust manager Tony Nutt believes dividends in the UK are more sustainable than people may think.

  • OECD praises offshore centres on fight against tax evasion

    13 March 2009

    The Organisation for Economic Co-operation and Development has welcomed moves made by a number of offshore financial centres to help fight against tax evasion.

  • Open debate on FSA future

    12 March 2009

    For too long, the Conservatives have been quiet on the subject of FSA regulation but this week's review, headed by former Treasury official James Sassoon, deserves attention.

  • Paradigm Partners signs 200th member firm

    13 March 2009

    Compliance and business support provider Paradigm Partners has signed up its 200th member firm, wealth managers Cockburn Lucas IFC Ltd.

  • Pearl in talks to restructure £3bn debt

    16 March 2009

    Hugh Osmond's Pearl Group is reportedly holding talks with banks in a bid to restructure its £3bn debt pile.

  • Pension funds fail to bite

    13 March 2009

    The Bank of England this week entered into its first bout of quantitative easing but it appears UK investors may have failed to take the bait.

  • PFS launches Chartered Awards for advisers

    16 March 2009

    The Personal Finance Society is launching its inaugural Chartered Awards to recognise professional achievement in financial advice.

  • Phased delivery for RDR

    12 March 2009

    Certain aspects of the retail distribution review, such as adviser charging and prudential requirements, are likely to be phased in over a longer timeframe, according to Money Marketing RDR debate panellists.

  • Polhill taskforce to advise on strategy

    12 March 2009

    Former Prudential sales and marketing director John Cowan and former Thinc Group chief operating officer Roderic Rennison are among the industry names launching an internal taskforce at consultancy firm Polhill.

  • Police swoop in mortgage case

    12 March 2009

    The City of London Police have arrested nine people in a suspected £40m mortgage fraud probe. The investigation centres on defunct brokerage Eastbourne Financial Services.

  • Policymakers deserve credit for taking decisive action

    12 March 2009

    Prudential director of investment John Betteridge believes policymakers have not been credited enough for their work during the economic crisis.

  • Position your proposition

    12 March 2009

    The pressure exerted by such things as increased capital adequacy and the retail distribution implementation programme (you have lost touch with the debate if you still refer to it as retail distribution review or RDR) will force change on the intermediary sector like never before. The starting point for that change will be design and implementation of the firm's proposition.

  • Prime Minister moots Isa changes

    11 March 2009

    Prime Minister Gordon Brown has hinted that increased Isa allowances might be granted in the Budget.

  • Printing cash widens gap

    12 March 2009

    The pension deficit of UK companies has soared by £100bn to a record £390bn due to the Bank of England's quantitative easing programme, according to Hargreaves Lansdown.

  • Project will bring benefits on annuities

    12 March 2009

    Following a meeting between leading retirement advisers and provider representatives at the ABI, we are writing to support and endorse an industry initiative to reduce the time it takes to arrange an open market option annuity.

  • Protection exam pondered

    12 March 2009

    Norwich Union Life is in discussions with the Chartered Insurance Institute about launching a protection exam for advisers.

  • Pru annuity features two-year change

    12 March 2009

    Prudential is offering a new income choice with-profits annuity that allows clients to change their level of income every two years.

  • Punt out penny share banks

    12 March 2009

    Seven Investment Management marketing director Justin Urquhart Stewart believes a number of banks should have had their share price suspended during the economic crisis.

  • Quantitative quid pro quo quandary

    12 March 2009

    Financial experts question whether printing £75bn in Treasury bills will improve lending in the UK.

  • Rathbones to merge high income into UK blue chip and growth

    17 March 2009

    Rathbones is merging its high income fund into its UK blue chip and growth fund, with current manager Hugh Yarrow set to leave the firm.

  • Regulator probes Cowdery and Resolution directors

    12 March 2009

    The FSA is investigating Resolution founder Clive Cowdery and four former Resolution plc directors for "certain actions" undertaken between October 2007 and May 2008 during the completion of the firm's sale to Pearl.

  • Remix required for clients

    12 March 2009

    Skandia says advisers should consider repackaging client portfolios for optimum tax-efficiency in the present ultra-low-interest-rate environment.

  • Replacements sought for Concordia trio

    12 March 2009

    Alexander Hall says Concordia will be looking for replacements after three of its five members went into administration in recent weeks.

  • Risk perception needs to change

    12 March 2009

    The fundamentals of asset allocation in relation to risk as a result of the credit crunch were debated by panellists at last week's Money Marketing RDR & Economic Update.

  • RMBS market will stay shut in 2009, says BoE

    16 March 2009

    The Bank of England has admitted that an increased lack of confidence in the markets will leave the mortgage bond market closed in 2009.

  • Sants warns "be very frightened of the FSA"

    12 March 2009

    FSA chief executive Hector Sants has warned that he is determined to ensure people are frightened of the regulator.

  • Savills in the black

    11 March 2009

    Savills PLC has revealed profits before tax of £33.2m with its private finance arm also making a modest profit.

  • Savings club aims to offer exclusive deals for advisers

    12 March 2009

    eMoneyfacts has launched what it says is the first intermediary specialist savings distributor allowing advisers to earn commission on exclusive savings products.

  • Scottish Widows launches new capital protected fund

    11 March 2009

    Scottish Widows has launched a new six-year capital protected fund designed for savers seeking growth as well as capital security.

  • Share necessities

    12 March 2009

    Share-saving schemes have been a very successful initiative to encourage greater employee engagement with companies they work for and to boost equity ownership. They have been a well received employee benefit at many companies and financially beneficial for many people.

  • Sipp chief Hallett leaves Pointon York

    12 March 2009

    Pointon York Sipp Solutions chief executive Christine Hallett has left after 12 years with the firm.

  • Sipp providers under pressure to raise fees

    12 March 2009

    Hornbuckle Mitchell director Mary Stewart predicts some Sipp providers will be forced to raise charges to try to recoup income losses caused by interest rate cuts.

  • Skandia brand stays for Old Mut

    12 March 2009

    Old Mutual is combining its long-term savings businesses under a single operating structure but is keeping Skandia and other brands.

  • Skandia to launch TV ad campaign with Sky Sports

    12 March 2009

    Skandia is launching a national TV sponsorship campaign linked to Sky Sport’s coverage of golf and sailing to promote the benefits of financial advice.

  • 'Speed up move to Omo system'

    12 March 2009

    Leading retirement advisers have written an open letter praising the ABI's open market options' initiative but urging those who have not gone live to get a move on.

  • Standard Life cuts surrender and transfer values on with-profits

    17 March 2009

    Standard Life has reduced the surrender and transfer values of many of its with-profits plans by up to 8 per cent to allow for poor investment returns experienced since the beginning of the year.

  • Standard Life Investments profits wiped after £90m liquidity fund hit

    12 March 2009

    Standard Life Investment has seen its profit before tax wiped out after bailing out one of its institutional global liquidity funds.

  • Standard Life profits up 6 per cent to £933m

    12 March 2009

    Standard Life has posted pre-tax operating profits of £933m for the full year, up 6 per cent from £881m.

  • Stanic quits Newton for River & Mercantile

    12 March 2009

    Alex Stanic, Newton’s global opportunities fund manager has resigned from the firm and is to join River & Mercantile as a partner and head of global equities.

  • Stellar finds space in the storage sector

    16 March 2009

    Stellar Asset ManagementThe Stellar Income Fund

  • Strategic withdrawal from Standard Life Investments

    16 March 2009

    Standard Life InvestmentsStrategic Bond Fund

  • SVM gets to the long and short of it

    16 March 2009

    SVM Asset Management has brought out a UK equity fund that will use shorting techniques through derivatives to benefit from falling share prices.

  • Take note of etn dangers

    12 March 2009

    A recent report from Barclays Stockbrokers shows that investors trading in exchange traded funds increased by 162 per cent from October to December 2008, compared with the previous three months.The number of accounts holding ETFs increased by nearly a quarter (23 per cent) and today half of investors hold ETFs within stocks and shares IsasThis is an extraordinary growth story, particularly as it has been achieved in the face of growing economic uncertainty and equity market declines. However, ..

  • TCF chief Wilson quits

    12 March 2009

    The FSA's director of treating customers fairly Sarah Wilson has resigned but will continue until a replacement has been found.

  • Tech pays off for Standard corporate pensions

    12 March 2009

    Investing in technology applications has helped Standard Life Corporate Pensions more than double its assets under management in five years.

  • The 'decisive' moment

    12 March 2009

    All I can say is it was lucky the headmaster stepped in, otherwise there could have been blood all over the playground. In terms of gang warfare, it's not exactly up there with the Bloods and the Crips or even the Jets and the Sharks but, still, there was real scope for some badly grazed knees if the IMA hadn't acted so decisively.

  • The late show

    12 March 2009

    I don't know about you, but I really, really hate jobsworths. You know the type - one of the wheels of your car is 1mm over the official line, so you end up with a parking ticket.

  • Too little, too late

    12 March 2009

    Who would have thought anybody could describe a £75bn cash injection "a leap in the dark", as it was described by Conservative Shadow Chancellor George Osborne or unfortunately as it will also be described, too little too late.

  • Tories lead lobby for IFAs

    12 March 2009

    The Conservatives are urging the Government not to forget the plight of IFAs in any review of the Financial Services Compensation Scheme levy structure.

  • Tory plan could axe FSA

    12 March 2009

    The FSA needs to be completely overhauled and may have to be disbanded and replaced, according to a review commissioned by the Conservative party.

  • Totally true

    12 March 2009

    All software companies talk about making life easier for users but in the IFA market all too often the reality seldom lives up to the promises.

  • Treasury appoints new head of press

    17 March 2009

    The Treasury has appointed Jean-Christophe Gray as head of press.

  • Twittering with excitement

    12 March 2009

    At last, progress appears to have been made. The FSA is now looking at a pragmatic solution to the QCA level 4 dilemma. Time is being spent evaluating the core functions of the role of an adviser and ensuring that there are appropriate qualifications to meet these standards.

  • Vince Cable

    12 March 2009

    Most politicians are notoriously busy people and Liberal Democrat Shadow Chancellor Vince Cable admits he struggles to get his work/life balance right.

  • Walker Crips makes income debut

    13 March 2009

    Walker Crips has launched its first three-year fixed income structured product.

  • Walker Crips Structured Investments - Three-year Fixed Income Plan

    13 March 2009

    Walker Crips Structured Investments Three-year Fixed Income Plan

  • Wave of Euro regulation on way

    12 March 2009

    Advisers are about to be hit by a "tidal wave of reforms" from Europe that will influence the direction of the RDR, according to the Financial Inclusion Centre.

  • 'We talked ourselves into a recession'

    12 March 2009

    The collapse of Lehman Brothers has forever altered the industry's view of risk, according to Prudential director of investment John Betteridge.

  • Weakness in the life sector is a great opportunity for IFAs, says Nucleus

    17 March 2009

    Nucleus says the IFA sector can profit from the current weakness in the life sector.

  • Which? launches PPI compensation tool

    17 March 2009

  • Whistleblower hits back at FSA's claims

    12 March 2009

    HBOS whistleblower Paul Moore has hit back at FSA claims made to the Treasury select committee.

  • Working Insynergy

    12 March 2009

    Any new business needs to differentiate itself from the crowd to win market share in the increasingly crowded and homogeneous investment world. The involvement of Dragons' Den panellist James Caan certainly helped Insynergy do that on launch last year but the firm also champions a different kind of business model to mark itself out from competitors.

  • Yet another PR nightmare

    16 March 2009

Fund Data

Editor's Pick



Poll

Do you agree with calls for a flat 30% rate of pensions tax relief?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments