Money Marketing
12 January 2005
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A consumer's view
13 Jan 2005
As the bonus season for with-profits policies gets under way, battered investors can expect little joy. Further cuts are predicted both by actuaries and IFAs, with Axa already announcing that bonuses on its Equity & Law policies will be halved from 2 per cent to 1 per cent.
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A fee and easy approach
13 Jan 2005
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ABI pledge to tsunami victims
12 Jan 2005
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A-Day will open up Sipps for two million people
13 Jan 2005
Pension simplification could see the market for self-invested personal pensions open up to two million people, according to research by consultancy Jardine Lloyd Thompson.
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Amber re-launches discounted products
17 Jan 2005
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Bad taste for Christmas
13 Jan 2005
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Bonuses to fall but wp is 'competitive'
13 Jan 2005
Payouts are set to fall further in the upcoming with-profits bonus season.
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Brady to run fund of funds at Invesco
13 Jan 2005
Invesco Perpetual head of US equities Ian Brady has taken over the running of the company's fund of funds from company chief executive Bob Yerbury.
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Brian Steeples
13 Jan 2005
The first president of the newly merged Personal Finance Society insists it will not be a reincarnation of various parts of the LIA and Sofa, and says his aim is to ensure the 25,000 combined members feel comfortable with the change.
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Brian Steeples
13 Jan 2005
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Cashback incentive from N&P
14 Jan 2005
Norwich & PeterboroughFive Year FTB Fixed Rate
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Chairman of pension protection fund takes role at outsourcing company
13 Jan 2005
Financial services outsourcing provider Huntswood Outsourcing has appointed Pension Protection Fund chairman Lawrence Churchill as a non-executive director.
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Changes boost DB funds but add complexity
13 Jan 2005
Last-minute changes to the Finance Act will allow continued defined-benefit accrual for scheme members with pension funds over 1.5m opting for enhanced protection.
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Charity Bank offers tax breaks
12 Jan 2005
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Chelsea Building Society - Prospect 2 Year Fixed Rate
17 Jan 2005
Chelsea Building SocietyProspect 2 Year Fixed Rate
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Chief exec quits Burns
13 Jan 2005
The chief executive and director of regulatory risk at Burns Anderson have resigned from the 400-RI Bristol-based network.
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Chilton on Mortgages
13 Jan 2005
We never seem to learn from experience.The Bank of England's November mortgage approvals for house purchases shows a 10year low and everybody is interpreting this as a sign of a calamitous drop in property prices.
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Clerical and IFA Mentor linking up for PI service
13 Jan 2005
Clerical Medical is setting up a professional indemnity consultancy service in association with independent business consultancy IFA Mentor to help advisers with their professional indemnity requirements.
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Contract killers
13 Jan 2005
I have received a letter from my pension company along with several leaflets saying I should stop contracting out. What do you think?
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Corporate bond managers show optimism
13 Jan 2005
Corporate bond fund managers believe demand for lower-risk investments will boost the market in 2005.
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Correspondent's Week
13 Jan 2005
After a week and a half out of the office enlivened only by the usual range of novelty underwear from my loving relatives, received while sitting round a dead tree, it is good to be back.
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Diary
13 Jan 2005
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Downside of an uplift
13 Jan 2005
I am becoming concerned about the language used to announce the first deals between financial advisers and product providers in the new depolarised world of financial services.
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DWS - RateBuster Fund
14 Jan 2005
DWSRateBuster Fund
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DWS launches ratebuster
13 Jan 2005
DWS has unveiled the DWS ratebuster, an Oeic that has been designed to offer a higher return than bank and building society accounts with the attraction of capital protection.
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Ethical IFA firm goes bust owing investors 900,000
13 Jan 2005
A Cardiff IFA claiming to specialise in socially responsible investment has gone bust, leaving investors facing losses totalling over 900,000.
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Events Calendar
13 Jan 2005
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F&C shuns US for Europe
13 Jan 2005
The F&C Asset Manage-ment multi-manager team is targeting Europe and has steered clear of the US.
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F&C unveils suite of CTFs
12 Jan 2005
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Fidelity special sits stays in the lead on FundsNetwork
13 Jan 2005
Only one of Fidelity's own funds made the top 10 best sellers on the firm's FundsNetwork platform in 2004, down from five the previous year.
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Fine line for bond firms
13 Jan 2005
The with-profits bond has taken its fair share of criticism but negative publicity for the product stepped up a notch recently after Bradford & Bingley was hit with a fine for widespread misselling both of with-profits and precipice bonds.
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Fine line for bond firms
13 Jan 2005
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FSA crackdown on PI as waivers come to an end
13 Jan 2005
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FSA misses the point over vital whole-life cover
13 Jan 2005
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Gartmore - Gartmore Cautious Managed Fund, Gartmore Portfolio fund range
14 Jan 2005
GartmoreGartmore Cautious Managed Fund, Gartmore Portfolio fund range
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Gibbs moves from Charcol to boost Origen mortgages
13 Jan 2005
Aegon UK's IFA firm Origen has appointed Charcol head of London office Wayne Gibbs as its head of mortgages to complete its executive management team.
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Govt rakes in 412m from self-assessment penalties
13 Jan 2005
The Government looks set to enjoy a 412m windfall from taxpayers handing in inaccurate or late self-assessment forms, says IFA Promotion.
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Halifax predicts 2% fall in house prices
13 Jan 2005
Property prices will fall by 2 per cent this year, forecasts Halifax.
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Help the children of the tsunami
13 Jan 2005
The events of Boxing Day morning in Asia brought a disaster of unimaginable proportions which has directly touched the lives of countless people in Asia and around the world.
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HL picks Hunter to boost stockbroking business
13 Jan 2005
Hargreaves Lansdown has appointed a new head of UK equities as part of an increased focus on stockbroking as a key growth area.
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How to take Aim and hit the target
13 Jan 2005
Cavendish Asset Management fund manager Tim Roberts says Aim now presents some attractive options for investors, particularly in the light of tax breaks, and outlines effective strategies to get the best out of the junior market.
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HSBC launches child trust fund
12 Jan 2005
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IFA business wrecked after PI failed to cover adviser's fraud
13 Jan 2005
An IFA is handing over its clients to a neighbouring firm after the business fell apart because of a fraud by one of its advisers.
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IFAs reject average commission
13 Jan 2005
IFAs will not reduce commission levels to fit in with the FSA's market averages, according to research from Aifa.
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IFAs warned to diversify venture capital trust investment
13 Jan 2005
IFAs are being warned about the dangers of failing to diversify VCT investments and ignoring performance.
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IFP's view
13 Jan 2005
I am about to embark on four weeks of roadshows with Clerical Medical to talk on the depolarised market and the opportunities for advisers over the next few years.
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Income protection could gain from the new regime
13 Jan 2005
General insurance regulation could give income-protection sales a significant boost at the expense of critical-illness cover, says Bright Grey products director Roger Edwards.
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Insider raiding
13 Jan 2005
Organised criminal gangs are placing bogus staff in financial firms to carry out fraud.
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Investment view
13 Jan 2005
You will all be fixing your first meetings of the year with clients and wondering how to guide them over the year ahead.
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Is your pension safe from longevity?
13 Jan 2005
Two of my colleagues, Stephen Richards and Gavin Jones, recently presented a paper to the actuarial profession on the financial aspects of longevity risk. The paper was very well received. One key theme was the oft-unappreciated risks in defined-benefit pension schemes.
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Isas on rebound
13 Jan 2005
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John Lawson on Pensions
13 Jan 2005
The winners will be distributors which invest margin improvements wisely.
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Julian Gibbs
13 Jan 2005
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Jupiter recruits to develop fund teams
13 Jan 2005
Jupiter Unit Trust Managers has take on a new fund manager and a business develoment director.The asset manager has taken on fomer Cazenove fund manager Simon Somerville to lead its assault on Asian markets.Meanwhile, former chief executive of Invesco Europe Tristan Hillgarth has been appointed to the newly created position of group business development director.Jupiter celebrated its 20th birthday this week.
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Jupiter's Shaftan to take maternity leave
12 Jan 2005
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Kaydata - Dynamic Growth Plan 11
18 Jan 2005
KeydataDynamic Growth Plan 11
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L&G claims partial victory
18 Jan 2005
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L&G offers fund charge rebate for Isa investors
17 Jan 2005
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L&G offers protection
18 Jan 2005
Legal & General has established the protected capital and growth plan 2, a FTSE 100 linked guaranteed equity bond that provides a full capital return plus s minimum level of growth after six years.
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Lawrence gets up close and personal
13 Jan 2005
Lawrence House Fund Managers is promoting its new multi-manager funds to IFAs by providing a more personal touch than it believes bigger investment houses can offer.
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Lawrence in balancing act
18 Jan 2005
Lawrence House Fund ManagersLawrence House Balanced Managed Fund
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Leeds & Holbeck - 10 Year Fixed Rate Mortgage
12 Jan 2005
Leeds & Holbeck10 Year Fixed Rate Mortgage
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Legal & General - Protected Capital & Growth Plan 2
13 Jan 2005
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Levy doubles for occupational schemes
13 Jan 2005
Occupational pension schemes will have to pay double their current Opra levies after the new Pensions Regulator comes in on April 6.
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LivVic reasserts mortgage guarantee
13 Jan 2005
Liverpool Victoria has reaffirmed its guarantee that the maturity value of mortgage endowment policies will be at least equal to the death benefit.
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M&G chief wants fund firms to close clarity gap
13 Jan 2005
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MBO for Thomsons Online Benefits
13 Jan 2005
Thomsons Online Benefits has negotiated a management buyout from its IFA parent company AWD.
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Mortgage Express discounts with Max 130
17 Jan 2005
Mortgage ExpressMax 130 Two Year Discount
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Mortgage Express launches Max 130
17 Jan 2005
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'Mortgage firms are missing out'
13 Jan 2005
Mortgage firms could be missing out on a lucrative sector with over 600 firms yet to apply for general insurance regulation, says the Association of Mortgage Intermediaries.
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MPC holds rates at 4.75 per cent
13 Jan 2005
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Multi-Manager view
13 Jan 2005
2005 will mark the 17th anniversary of the Financial Services Act. Seventeen years ago, the concept of multiple managers being available within a single product was barely heard of.
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New on the menu
13 Jan 2005
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No-claims bonus for Calibre MPPI
13 Jan 2005
Calibre Home Solutions is relaunching MortgageSure, its mortgage payment protection insurance product, with improved rates and a no-claims bonus.
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NU wants code of conduct for endowment chasers
13 Jan 2005
Norwich Union is pressing the FSA to develop a code of conduct for no-win no-fee endowment chasers.
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Octopus raises another eclipse
14 Jan 2005
Octopus Asset Management is looking to raise up to 30m for its eclipse 2 venture capital trust.
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One in four FTBs find stamp duty a major burden
13 Jan 2005
Stamp duty is a major obstacle for a quarter of first-time buyers, according to research by Alliance & Leicester Mortgages.
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Out of context
13 Jan 2005
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Pension edge: John Lawson
13 Jan 2005
When looking to protect tax-free cash, it should be remembered that clients will want the greatest investment flexibility available in 2006 at a competitive cost. This exposes the weakness of transferring to a self-invested section 32 policy now.
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Pension edge: Mike Brown
13 Jan 2005
Careful selection of the right section 32 policy will provide the solution for many clients who are members of occupational pension schemes and are looking to protect their accrued tax-free cash entitlement after A-Day.
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'Pension fund will only protect 100 people'
13 Jan 2005
The National Association of Pension Funds has told the Government that the Pension Protection Fund will only have sufficient funding to pay for 100 pensioners claiming the scheme's full benefits.
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PFB links to FTSE hedge fund index
12 Jan 2005
Pinder Fry & Benjamin has established a capital guaranteed fund that gives exposure to the FTSE Hedge Directional Index. This is made up of 20 hedge funds which use a range of strategies.
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Pima wins accreditation
13 Jan 2005
The Pep and Isa Managers Association has got accreditation from the Securities & Investment Institute to deliver investment administration qualification educational modules.
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Pinder Fry & Benjamin - PFB Guaranteed FTSE Hedge Index Fund
13 Jan 2005
Pinder Fry and BenjaminPFB Guaranteed FTSE Hedge Index Fund
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Playing to Win
13 Jan 2005
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Poor life office service costs each IFA 8,000
13 Jan 2005
Declining service standards from life and pension providers are costing IFAs over 200m a year, according to research by insurance technology specialist FIS Software.
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Prestbury brings together brands
13 Jan 2005
Financial services distribution firm Prestbury is planning to rebrand its three divisions - Moneybrain, Solution Network and LoansUK - under the corporate name.
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Procter quits FSA for bank
13 Jan 2005
FSA director of enforcement Andrew Procter has quit to join Deutsche Bank.
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Product Matters
13 Jan 2005
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Projections give a distorted picture on endowments
13 Jan 2005
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Providers fail to meet client needs
13 Jan 2005
Product providers are particularly poor at identifying clients' needs when designing new products, according to research for Money Marketing by PIMS.
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Pru sets up independent committee for WP fund
13 Jan 2005
Industry with-profits bond sales have fallen dramatically from 15bn in 2000 to just over 1bn in 2004.
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Purely Mortgages picks Mayne for compliance
13 Jan 2005
Purely Mortgages has appointed James Mayne as compliance director.
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Quester Capital Management - Quester 5 VCT
18 Jan 2005
Quester Capital ManagementQuester 5 VCT
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Raising the roof
13 Jan 2005
This being the start of a new year, I thought it might be useful to review the progress of certain key pension issues.
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Rates are halved as bonus season starts
13 Jan 2005
Clerical Medical, Axa Equity & Law and Ecclesiastical Insurance have all slashed their annual with-profits bonuses by half to kick off the bonus declaration season.
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Regulation brings confidence boost for lifetime loans
13 Jan 2005
Confidence in lifetime mortgages has nearly doubled since regulation, according to research from Prudential.
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Revenue leaves fund managers in limbo
13 Jan 2005
The Inland Revenue has been accused of holding up the development of hundreds of new funds because of delays to tax proposals.
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ScotLife boosts pension sales after unbundling fees
13 Jan 2005
The menu payment system will help build trust between intermediaries and clients by imp-roving transparency of remuneration, says Scottish Life.
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Self-cert spectre is stalking loan firms
13 Jan 2005
The ghost of self-certification could be ready to haunt lend-ers, brokers and the regulator again as an outspoken MP raises concerns over possible fraudulent applications.
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Shaking Stevens
13 Jan 2005
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Simple Sipp
13 Jan 2005
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Sitka sets out health plan
13 Jan 2005
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Skandia - Skandia Sipp
17 Jan 2005
SkandiaSkandia Sipp
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Skandia sipps along
17 Jan 2005
Skandia has brought out the Skandia Sipp, a self-invested personal pension that allows for investments in Skandias multi-manager funds and all other Inland Revenue permitted investments including commercial property.
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Skipton Building Society - Buy-To-Let Discount
12 Jan 2005
Skipton Building SocietyBuy-To-Let Discount
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'Spiralling costs threaten UK competitiveness'
13 Jan 2005
A member of the FSA practitioner panel is warning that increased regulatory costs could have a drastic effect on the UK's international competitiveness.
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Split decision
13 Jan 2005
How can you justify selling a product that has been the subject of an 18-month investigation by regulators? How do you convince a client that despite 194m compensation for investors, split caps are still a good deal?
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Split-cap costs send Aberdeen into 87m loss
13 Jan 2005
Aberdeen Asset Management plunged to a 87.6m loss as it paid the price of the FSA split-cap investigation.
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Steeples picked as first PFS president
13 Jan 2005
Former Sofa chairman Brian Steeples has been appointed as the first president of the Personal Finance Society.
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Talkback
13 Jan 2005
Do you think the misselling of with-profits bonds is widespread?
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The Poat race
13 Jan 2005
Having interrupted my series of articles on the use of property in inheritance tax planning to examine points of interest in the pre-Budget report, it is now time to return to my original topic.
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Thinc Destini adds Axa and L&G to multi-tie panel
12 Jan 2005
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Thoresen set for ScotEq decision
13 Jan 2005
Aegon UK chief executive Otto Thoresen faces some challenging decisions in his first months in charge with the firm set to determine the future of the Scottish Equitable brand and its role in the stakeholder market.
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Tories pledge to match savings
13 Jan 2005
The Conservatives have unveiled plans for a lifetime savings account, extending taxfree limits for Isas and giving employees access to financial advice.
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Tribunal says L&G mis-sold
18 Jan 2005
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Triple alliance
13 Jan 2005
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Trust warning over general regulation
13 Jan 2005
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Turton quits Bestinvest
13 Jan 2005
Bestinvest life and pensions director and well known industry commentator John Turton has left the group after eight years with the Leeds-based firm.
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What's in a name?
13 Jan 2005
