12 August 2010
Bob Hunt says that three years down the road from the start of the credit crunch the mortgage market can start looking forward as long as it remembers the lessons learned.
Nic Cicutti says Peter Hargreaves is correct to question the use of performance fees in a number of funds.
John Lawson says the Government’s plans to remove the requirement to annuitise by age 75 were more radical than many expected.
Brian Tora says that forecasters have found no common ground on what direction the markets will move in.
Aifa’s new RDR paper is a welcome reminder of the values that bind the overwhelming majority of advisers.
Panelists at the MM retirement planning summit discuss whether the ABI is doing enough to encourage OMO take up.
Paul Farrow says some funds do not have the performance to justify their high charges.
Aviva has rejected a bid from insurance group RSA to acquire its general insurance operation, according to Sky News.
The Government is to stop the majority of people from transferring out of final-salary pensions into DC schemes from April 2012.
Ernst & Young has undertaken an actuarial valuation of Lifemark’s traded life settlement assets and has submitted it to US hedge fund CarVal.
Director of tax planning Paul Kennedy says the coalition Government is taking the most sensible approach to tax he has seen after working in the industry for nearly 30 years.
Non-UK-domiciled fund managers are looking to buy up to 15 per cent of IFA firms in the UK, says Allium Capital.
Aviva and L&G call the Government to set the minimum income for flexible drawdown at a level well above means-testing to stop people falling back on the state.
Gregor Watt surveys the structured product scene still in the shadows of the big counterparty collapse.
The ABI’s own research has revealed that its guide to buying private medical insurance is only being sent to most customers after they have decided to take out a policy.
Cru Investment Management founder Jon Maguire believes IFAs will fail in their attempt to seek compensation from Capita for losses their clients have suffered through the Arch Cru range.
The OFT has decided not to investigate a complaint about Skipton Building Society.
“I’ve managed to persuade Aston to join us from his holidays. He can’t resist a tap dancer in tight trousers.”
McPhail says pension regulators are “tired” of the ABI downplaying the benefits of the open market option.
Nucleus says that platforms are chasing market share in a bid to bolster their adviser numbers ahead of the RDR.
1.5% difference between providers’ mid-market rate for same fund, following FSA clampdown on projection rates.
Protection providers are asking more directors of DA firms to sign agreements that accept personal liability for commission clawback.
The Pensions Regulator has forced six DC pension schemes to rewrite their retirement literature after failing to highlight the open market option adequately to members.
Advisers looking to join the network are being asked to pass Chartered Insurance Institute’s CF three financial protection exam within three months.
The Financial Services Skills Council is piloting a six week IFA internship programme for university students in September.
Legal & General, Prudential and Scottish Widows all refusing to change their systems claiming the Govt’s interim Budget move was unrealistic.
Tenet says it has provided almost £1m in loans to support its adviser firms.
Aviva UK’s life and pensions chief executive Toby Strauss has helped to revive the company’s wrap and is now busy assessing the Government’s new pension proposals with an eye to filling the Nest gap.