Money Marketing
11 March 2010
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£485M inflows at Gartmore
11 March 2010
Gartmore has reported net inflows of £485m into its mutual funds for 2009, boosting assets under management by 19 per cent.
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A yen for the contrary
12 Mar 2010
James Smith talks to GLG Japan CoreAlpha’s Stephen Harker about the positives to investing in Japan.
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Aberdeen switches from Europe to US
12 Mar 2010
Aberdeen multi-manager duo Graham Duce and Aidan Kearney have dropped their exposure to Europe across the fund range, citing concerns over the markets and currency.
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Adviser Fund Index
11 March 2010
Investors hoping to determine the strength of the US recovery have received mixed messages recently.
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Aifa draws up guide and warns that only three platforms will survive
11 March 2010
Cummings: ‘Far fewer in future’
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Aldermore loans offer new hope for brokers
11 March 2010
Snowdon: ’Clients turned away’
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Asian persuasion
9 Mar 2010
“UK investors are likely to be more exposed to emerging markets than they realise, particularly if they have also invested in the region directly”.
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Aviva bounces back and focuses on Euro growth
11 Mar 2010
Aviva has warned against Prudential’s Asian bet, claiming evolving regulation in the region will eat into margins.
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Aviva develops plan to tackle Nest head-on
11 Mar 2010
Aviva is developing a product to compete with the National Employment Savings Trust scheme.
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Balance knowledge and experience
12 Mar 2010
“Recent events and FSA announcements have come as a stark reminder to everybody about the penalties of getting things wrong”.
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'Bentley Jennison knew Tenon faced enforcement'
11 Mar 2010
FSA enforcement no secret before the merger of the two firms.
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Bonds can beat tax rises
15 Mar 2010
Margaret Jago, manager of investment products, tax and regulations at Aegon, explains how bond investments can help high-earners likely tobe hit by imminent income tax increases
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Brown and Straw yet to switch back into Parliamentary pension fund
11 Mar 2010
Prime Minister and Lord Chancellor yet to return to Parliamentary pension fund whilst Govt has so far failed in its pledge to prevent future incumbents receiving grace and favour pensions.
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Bursting my bubble
12 Mar 2010
“The only thing I ever had in common with Michael Jackson was an interest in the behaviour of bubbles”.
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China syndrome
15 Mar 2010
Chris Salih takes stock of the China debate
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Commercial unraveller
11 March 2010
Commercial I have a riposte for Alan Lakey (Letters, February 25).
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Coventry in merger talks with Stroud & Swindon
11 March 2010
Coventry and Stroud & Swindon building societies have revealed they are in talks over a possible merger.
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Crash Gordon and the pensions of doom
11 Mar 2010
I recently attended one of Skandia’s typically informative and useful roadshows. Among the presentations was one on retirement planning forhigh-earners, covering all the wearisome complexities of contributions for people earning over £100,000 a year and, dear, oh dear, isn’t it just so horrendously complicated? My head was starting to nod.
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Director of 'laidback' IFA TV network fined £49,000
11 March 2010
The FSA has fined a director of an IFA network £49,000 for management failings in monitoring pension-switching advice.
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Doorstep challenge
15 Mar 2010
A Cofunds’ round table questions why IFAs are looking further afield rather than investing in markets closer to home.
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Ex-Sesame chief Gale joins Aegon to oversee IFA arms
11 March 2010
Aegon has appointed former Sesame boss Patrick Gale as chairman of the distribution board overseeing its two IFA businesses, Origen and Positive Solutions.
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Fidelity's Kennedy calls for calm if CGT rate rises
12 Mar 2010
Fidelity International head of tax and trusts planning Paul Kennedy has urged investors not to be scared off if the Budget sees an increase in the rate of capital gains tax.
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Finance Bill rush could miss issues
11 Mar 2010
Rushed Bill may miss sensible issues, says Lansons’ Ralph Jackson.
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Former Liontrust stars set up boutique
11 March 2010
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FSA keeps higher liquidity plan on shelf
11 March 2010
The FSA has again delayed its plans to increase liquidity requirements for firms until an economic recovery is assured.
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Green themes
11 March 2010
“The emergence of “middle classes” in countries that were sources of cheap manufacturing and commodity supply is a theme that should run for many years to come.”
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Hoban wants to end imperial tax system
11 Mar 2010
Conservative Shadow Treasury Financial Secretary Mark Hoban says the UK must move away from its “imperial” tax system to one which is more “territorial” if it is to improve its international competitiveness.
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Home improvements
9 Mar 2010
First-time buyers whose finances fall short must look at alternative ways to boost their chances of securing a mortgage
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Incentive theme
10 Mar 2010
The FSA should recognise firms that make the RDR transition
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Insight shutting two funds
11 March 2010
Insight Investment is to close its UK smallcap and evergreen funds after some principal investors redeemed their holdings.
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Is fast track proving its worth?
12 Mar 2010
Paul Thomas reports that a mortgage performance survey has encouraged fast-track supporters
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Isa growing season
15 Mar 2010
Our panel report on a resurgence in Isa investment, plus doubts about Faifs and views on platform pricing
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Jason Huddy
12 Mar 2010
Macquarie Banking and Financial Services Group’s UK head aims to use his experience gained in the world’s most advanced wrap proposition to shake up financial services in this country. Interview by Lee Jones
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Join our retirement roadshows
11 March 2010
Money Marketing is hosting a series of retirement planning roadshows covering annuity and drawdown products, salary sacrifice and the Sipp market. They will be held in Birmingham on March 18, Harrogate on March 23, Newcastle on March 24 and Bristol on March 30. Call Louisa Hooper on 020 7943 8133 or email retirementplanning invitational@centaur.co.uk
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Joiner rejoinder
11 March 2010
Rob Reid warns the FSA must do more work around the costs of consultancy charging for GPPs.
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Jupiter loan deal could point to IPO
11 March 2010
Jupiter Asset Management has sought an amendment to its £375m loan documents, paving the way for a possible initial public offering.
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Keydata plan bonds default
11 March 2010
Lifemark has issued a notice to bondholders declaring that several bonds underpinning Keydata plans have defaulted on income payments.
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Keydata was under fund firm regulator
11 Mar 2010
Firm at centre of £43m FSCS storm was under Imro before FSA.
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Levy implications
11 March 2010
What are the wider implications if the basis on which the FSCS has reached its conclusion are correct? You need to read the FSCS statement to follow how I think their legal opinion led to their conclusions, namely that Keydata was not involved in “investment management” but in “investment intermediation”.
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LibDems reject Tories' care scheme
11 March 2010
The Liberal Democrats have attacked Tory plans for residential social care at a cost of £8,000, following research showing 66 per cent of pensioners do not have this level of assets, excluding their homes.
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London & Capital says DFMs better for multiple RIs
11 March 2010
London & Capital believes discretionary fund management could be more suitable than funds of funds for adviser firms with several registered individuals.
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Making the grade
15 Mar 2010
Emerging market debt is throwing off its high-risk reputation
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Metlife set to buy Alico
11 March 2010
Metlife is set to acquire AIG subsidiary Alico for over £10bn.
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MM Leader: Wrong to single out IFAs for Keydata mess
11 Mar 2010
Advisers are still waiting to hear if the Financial Services Compensation Scheme will lessen the burden of the £43m Keydata levy.
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Mortgage age
12 Mar 2010
“One consequence of the credit crunch is that many more lenders have now imposed an arbitrary maximum age by when a mortgage needs to be repaid, usually between 65 and 75.”
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MPs question UKFI-Treasury link
11 Mar 2010
Treasury committee says other state aid bank shareholders must be better protected.
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Munich Re reports £2.3bn profit
10 Mar 2010
The reinsurance group saw profits after tax and expenses increase 64 per cent to £2.3bn in 2009.
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Nest crisis if it signs up under 4.5 million
11 Mar 2010
The National Employment Savings Trust Corporation could struggle to stick to member charges of 0.5 per cent if the scheme attracts fewer than 4.5 million savers, according to Standard Life.
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Old guard
11 Mar 2010
Steve Bee says we will need to rethink state pensions as we live longer
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Old ones are the best ones
12 Mar 2010
UK equity income gets a bad rap for being boring but it is the market stalwarts that are best placed to cope with a tough economy
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Out of context
11 March 2010
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Park Row advisers set to get FSA verdict
11 Mar 2010
Advisers split into categories by regulator to determine fate.
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Pensions need long-term trust
11 Mar 2010
The Government must stop moving the goalposts on pension rules as a short-term fix for economic woes
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Perspective sets up pension specialist
11 March 2010
IFA consolidation company Perspective Financial Group has set up PFG Corporate Solutions, a specialist division providing advice to firms on corporate pensions and employee benefits.
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Petrie takes on Towergate job
11 March 2010
Towergate Financial has appointed Steve Petrie as a director in its private client business. Petrie previously owned IFA Alexander William.
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Property tops fund sales league
11 March 2010
UK corporate bond funds saw net outflows of £228m in January, making it the least popular asset class, while property was the most popular with £373m net inflows, according to the Investment Management Association.
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RBS hits critical payout borrower with £3,500 penalty
12 Mar 2010
Royal Bank of Scotland has come under fire for slapping a £3,500 early redemption penalty on a critically-ill borrower.
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Revenue forestall failure adds to confusion
11 Mar 2010
HM Revenue & Customs has added further complexity to anti-forestalling measures announced in last year’s Budget by failing to create a new form for contribution refunds.
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Rights issues for the FSA
10 Mar 2010
It cannot be emphasised too strongly that the FSA must always respect the human rights of all those it deals with.
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Rowney takes over from Cook as LV= managing director
11 Mar 2010
LV= group chief operating officer Richard Rowney is set to replace Rodney Cook as managing director of life and pensions at the firm.
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Schroders sees record inflows hitting £15bn
11 March 2010
Schroders took a record £15bn of inflows last year after outflows of £9.6bn in 2008.
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Searching questions
12 Mar 2010
Tom Baigrie suggests google should give a greater priority to advice.
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So solid Pru
11 Mar 2010
The Pru brand is stronger than ever but it’s not going to the movies.
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State banks fail to pass on low rates
11 March 2010
Some of the state-backed banks are not passing competitive mortgage rates to borrowers despite being given billions of pounds from taxpayers, according to figures from Moneyfacts.co.uk.
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Stonehaven suspends equity-release business
11 March 2010
Stonehaven has become the latest provider to suspend equityrelease lending.
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Stronger firms mean that targets are thinning out
11 March 2010
Advisers believe Clive Cowdery’s consolidation vehicle Resolution could struggle to convince potential targets to surrender now that share prices have bounced back.
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Tax facts
12 Mar 2010
Sipps and maximum investment plans can provide tax shelter
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Technology packages can cut wrap costs
11 Mar 2010
Platforum says firms looking at launching a corporate platform should use off-the-shelf technology to avoid high costs.
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Terms and conditions apply
15 Mar 2010
Being clear on some key definitions is vital for effective planning for forthcoming tax rate changes
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Tories' top aim is to scrap rise in NI payments
11 Mar 2010
The Conservatives are making a top priority of reversing the scheduled increase in National Insurance contributions.
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Trinity warns that non-Ucits Euro edict would mean back to the future
11 March 2010
Fund of hedge fund managers will have fewer funds to choose from if the current version of the European Union directive on alternative investment fund managers is implemented, according to Trinity Fund Administration.
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What is Capita's role in Arch Cru debacle?
10 Mar 2010
As the row rages over IFAs facing the Arch Cru compensation bill, Chris Gilchrist considers the reponsibilities of the regulator and the authorised corporate director.
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Where there’s a bill
10 Mar 2010
Nic Cicutti says the idea of “billable hours” being the honourable way forward for IFAs does not chime with his own experiences.
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Willans quits at Mazars
11 March 2010
Willans: ‘Opportunities’
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Woodford funds back on top form
12 Mar 2010
Invesco Perpetual fund guru Neil Woodford has seen both his leading income funds bounce back to the top of the sector over the past three months.
