Money Marketing
12 January 2012
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Aviva looks to mandates for flexibility
12 January 2012
The multi-asset team at Aviva Investors will be adding a small amount of funds to its manager of manager portfolios to bring the flexibility of these portfolios in line with its fund of funds range.
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The end of the local
12 Jan 2012
We are due this year for a shake-up of epic proportions. After the RDR, legacy commission (that is, automatic indexations regular-premium renewal commission, level and trail commission) can still be transferred en bloc but if the servicing adviser gives advice on the legacy product they would not be entitled to receive this commission.
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A product levy could be the fair way for the FSCS
12 Jan 2012
A product levy could well be a cleaner and more transparent way of setting out the cost to consumers of the FSCS guarantee.
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Advisers may de-reg over VAT guidance
13 Jan 2012
Final HMRC guidance on VAT is likely to see some adviser firms cancelling their VAT registration.
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Aegon rejects incentives for own-fund platform investment
12 January 2012
Aegon has ruled out following Axa Elevate in offering incentives to invest in its own funds via the Aegon Retirement Choices platform.
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Aifa says FSCS product levy not viable
13 Jan 2012
Aifa is wary about the extra short-term costs of moving to other pre-funded models.
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Apollo Fofs outperform
12 January 2012
Apollo Multi-Asset Management’s cautious and balanced funds of funds have outperformed their respective benchmarks at their third anniversary despite a difficult 2011.
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Behind the headlines: The impact of Solvency II on pension schemes
17 Jan 2012
What impact will the EC’s plans to introduce Solvency II requirements have on pension schemes in the UK?
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Big rise is planned for free ombudsman cases
12 January 2012
The Financial Ombudsman Service is proposing to increase the number of free cases that firms are allowed before having to pay a case fee from three to 25 per year.
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Brian Tora's Investment View
16 Jan 2012
The first day of trading in 2012 felt good. At 2.3 per cent up, the rise was the second-greatest for the first day of a year since the FTSE 100 index was established 28 years ago. Precedent suggests this could result in a positive outcome for the year as a whole, although the first trading day of 2011 was also positive but the index finished lower.
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Bright side
12 January 2012
The team and myself are delighted to reveal that our collective resolution is to focus as much on the positives as the negatives in financial markets and the economy in 2012. With a positive mindset, we are asking whether the market moves higher can last? Possibly, rather than probably, would be our view.
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Court ruling could cut negligence claims
12 January 2012
A ruling in a High Court case between GMAC-RFC and Countrywide Surveyors could result in fewer lenders making claims of negligence against surveyors.
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Dollar exposure increases as more euro falls predicted
13 Jan 2012
Multi-managers are increasing exposure to the dollar as they predict further falls in the euro.
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Duty calls
12 January 2012
Savings on stamp duty land tax can be considerable
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Ex-members of IFS can still use accreditation letters
13 Jan 2012
The Institute of Financial Services, part of the ifs School of Finance, is the only accredited body that will allow advisers who are no longer members to continue using designatory letters gained from achieving qualifications when they leave.
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FOS to add a third more staff as banks swoop to recruit adjudicators for PPI
12 January 2012
Staff numbers at the Financial Ombudsman Service are to rise by a third and it is having to cope with banks poaching adjudicators to deal with their payment protection insurance complaints.
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FSCS will look at pre-funding
12 January 2012
The Financial Services Compensation Scheme will look at pre-funding and introducing a risk component to its funding process as part of this year’s review.
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Fund managers split over executive pay crackdown
12 Jan 2012
Fund managers are divided over whether introducing legislation to curb executive pay could lead to a drain of talented employees away from UK firms.
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Gill Cardy: Why the IFA Centre has a vital role
12 Jan 2012
Gill Cardy tells the sceptics why her new launch has an important role for independent financial advisers.
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Grim and bear it
12 Jan 2012
This year promises a grim outlook for pension advice - workplace pension reform, the RDR and the stumbling UK economy.
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Hawksmoor sees opportunities in badly performing sectors
12 January 2012
Hawksmoor Investment Management is spotting opportunities in sectors that are currently performing badly such as emerging market debt and corporate bonds.
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Hoban warns risk modelling could price out insurance customers
13 Jan 2012
Treasury financial secretary Mark Hoban has warned that new risk modelling techniques could leave some demographic groups unable to afford insurance.
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Ian McKenna: How prepared is Skandia for the RDR
16 Jan 2012
As part of a regular series, Ian McKenna looks at providers getting ready for RDR.
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IMA warning over Cameron exec pay crackdown
12 Jan 2012
The IMA has warned it is not desirable to ask fund managers to micro-manage companies as part of David Cameron’s crackdown on executive pay.
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Kames Capital considers multi-asset income fund
12 Jan 2012
Kames Capital is considering launching a multi-asset income fund to capitalise on the trend of investors seeking income.
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Keep fit financially
12 January 2012
Organising your financial affairs and making a budget plan can resolve problems and clarify the outlook
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L&G Network takes on 42 Co-op advisers
13 Jan 2012
Legal & General Network has recruited 42 of the 670 former Co-op Financial Services field-based advisers who were made redundant in July.
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Labour claims state pension reform has been "sunk"
12 Jan 2012
Government says it remains committed to reforms despite industry concern that public sector pension settlements threaten the proposals.
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Leading MEP wants impact of transaction tax eased
12 Jan 2012
Sharon Bowles to press for exemptions to mitigate the effect of any planned European transaction tax on investors.
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LibDems in warning over Euro budget deficit powers
12 Jan 2012
Any move to give the European Commission powers to take member states to court over budget deficits would be illegal, claim the Liberal Democrats.
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LibDems: Legal threat looms if single market is split
12 Jan 2012
The LibDems have warned that a financial transaction tax that does not cover all 27 EU member states could be a breach of the single market.
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Looking on the cheap side
16 Jan 2012
Only one in five funds produced a positive return last year, according to figures from Morningstar, as markets reacted to social, political and economic concerns.
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Mixed response
12 January 2012
Present conditions point to a blend of capital preservation and some investment in faster-growing markets
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MM Profile: David Dunn
12 January 2012
The founder of website makingsenseofyourretirement.com says he wanted to create a service where all the information is one place but is adamant that he does not want to replace IFAs Interview by Rachael Adams
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Mott boosts PSigma fund holdings
13 Jan 2012
PSigma income fund manager Bill Mott has been increasing the holdings in his fund, with the aim of taking advantage of current market volatility.
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NHS delays pose threat of pension 'calamity'
13 Jan 2012
High-earning NHS pension scheme members face delays in getting statements of benefits ahead of the April deadline for claiming fixed protection.
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Non-starter
12 January 2012
Editor’s comment of the week
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Once in a lifetime
12 January 2012
Careful analysis is needed on protecting a lifetime allowance
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One in five advisers unsure of risk rules
13 Jan 2012
One in five advisers is unaware of or wrong about their responsibilities over assessing clients’ risk appetite, according to Prudential research.
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Out of context
12 January 2012
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Paul Farrow: Another test of IFA resilience
17 Jan 2012
The decline and fall of IFAs has been wrongly forecast many times.
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Personal organiser
12 January 2012
The Chancellor will give us little to cheer about in his March Budget in the face of a struggling economy
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RBS to cut 3,500 jobs
12 Jan 2012
Royal Bank of Scotland is to cut around 3,500 jobs as it sells and shrinks parts of its investment bank.
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Skandia develops legacy switch technology
12 Jan 2012
Skandia is developing technology to transfer legacy products to adviser-charging electronically as part of its drive to make its platform RDR-ready.
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Specialist subjects
13 Jan 2012
Only a few days in to the new year and we are seeing a huge demand for specialist lending. This can be a mix of options from prime with the requirement to think outside the box or near-prime where the customer is or has incurred some sort of adverse on their credit file.
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Tom McPhail: Webb of intrigue
12 Jan 2012
Tom McPhail says it has all gone quiet on the state pension reform front.
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True Potential is offering shares for sales to advisers
12 January 2012
True Potential will offer advisers shares depending on the amount of assets placed on its Wealth Platform by February 2013, with a 50 per cent uplift on assets placed by March 20, 2012.
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We need to talk
13 Jan 2012
Since the FSA issued its risk and suitability paper, it is clear that some see risk and suitability a bit like a mathematical proof - there is only one correct answer. It is like an expansion of the efficient frontier graph where the object is to select an asset allocation that plops it right on the curve.
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Which? wants non-advised ban widened
12 Jan 2012
Which? wants the FSA to extend its proposed non-advised mortgage sales ban to other product areas to deal with poor bank sales standards.
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Will the fast show go on?
13 Jan 2012
The mortgage industry is confident that some form of fast-track mortgages will survive the mortgage market review despite FSA proposals to ban them.
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Will the Government listen over financial education drive?
12 January 2012
Rachael Adams reports that widespread financial illiteracy among young people on even basic issues has brought a report by MPs calling for compulsory financial education in all schools.
