14 January 2010
Rob Reid praises the ABI but questions fund classifications.
Syndaxi Chartered Financial Planners managing director Rob Reid wants the Investment Management Association and the Association of British Insurers to work with ISO to improve fund classifications.
Pru Protect director of protection Kevin Carr is leaving the company to set up his own consultancy firm.
Northern Rock mortgage customers on a fixed-rate deal no longer have access to a feature that allowed them to borrow additional funds at the same rate during the initial period.
Former Beachcroft Regulatory Consulting managing director Richard Hobbs has joined Lansons Communications to set up a regulatory consulting arm.
Fatchett and Maguire in deadlock
Keydata investors have hit out at the firm’s administrators PricewaterhouseCoopers, saying it has failed to keep them informed of when to expect delayed income payments.
The Platforum managing director Holly Mackay has claimed the life company platform sector will soon be oversaturated.
Minister for women and equality Harriet Harman has set out new proposals to scrap compulsory retirement.
You wait ages for pension reform and then three arrive at once. Following the FSA’s December proposals to ban commission and factoring for group personal pensions comes the ABI’s seven-point plan to improve DC pension provision. And this week saw the Government announce plans to review the default retirement age.
“The year has barely begun and already it looks set to be a good one for income-producing vehicles.”
NPI has employed a dedicated team of administrators to claw back overpaid commission on group personal pensions.
The Financial Ombudsman Service levy and the case fee for 2010/11 have been frozen at 2009/10 levels.
Advisers say the IMA UK equity income and growth sector is pointless.
Julian Stevens argues that the RDR creates a paradox between IFA advice and bank distribution.
Ray Boulger says the good news for lenders is that mortgage purchase approvals and completions figures will be greater in 2010.
More than half of UK consumers believe that none of the political parties will be able to control the bank bonus culture, according to research by Opinium.
Chris Gilchrist warns that too much innovation and freedom is bad medicine for the financial sector.
Saga has called for an end to the compulsory retirement age and a flat-rate state pension with no means-testing in a manifesto it is presenting to political parties.
Standard Life is considering paying initial commission on personal pensions and group personal pensions.
James Smith looks at IM Asset Management.
Phillippa Gee says it might be time to reassess the fund of fund model.
Nic Cicutti comments on the ongoing commission debate.
Brokers say it not clear if they will benefit from Virgin Money’s entry into the banking sector.