16 June 2011
Suzanne Macdonald and Mark Pritchard say the FSA’s product intervention proposals bring into question whether the principle based -approach is still the cornerstone of its policy?
Nick Eatock says advisers need to ensure their wrap choices are suitable to deliver a profitable service to all their clients.
Chris Gilchrist says the FSA must focus on regulating products rather than the advice process.
Paul Farrow says the IMA’s decision to rename the managed sectors has only made things more complicated for IFAs and their clients.
Rob Reid says the IMA has lost its way and that a merger into the ABI is the best solution for the industry.
Martin Bamford says the IFA industry cannot berate the FSA for stopping them working with clients they should not of been working with in the first place.
Mona Patel says the IMA looked at 20 different names for the IMA sectors and found none of them suitable.
Nic Cicutti says failing to fix poor regulation and an inadequate compensation funding model means the industry will not swallow another FSCS mess.
Ageas Protect is calling on protection providers to label their products according to the percentage of life cover, critical-illness and income protection elements included.
How to go about complaining about possible misselling by an insurance company salesperson who has left the firm?
BlackRock has doubled inflows into its index tracker funds in the last 12 months to £1.35bn.
Ray Boulger has branded seasonally adjusted house price indices such as those from Halifax and Nationwide as “a farce”.
NAPF chairman Lindsay Tomlinson says the threat of a mass opt-out from the Local Government Pension Scheme due to an impending 3 per cent contribution rise does not bode well as the Government prepares for automatic enrolment.
The Investment Management Association has warned failure to reform the Financial Services Compensation Scheme could force fund management firms to move their operations outside the UK.
Regulator says it fully supports the Money Advice Service’s controversial TV ad despite a barrage of criticism from IFAs.
Regulator raises concerns about European Commission’s “two-pronged approach” to delivering Prips.
Investors with big pension pots may face a significant tax after HMRC changed its guidance on the tax treatment of pension compensation payments.
The Federal Reserve’s decision to implement a second round of quantitative easing last year probably sowed the seeds of a global slowdown.
Former Treasury select committee chairman says tax relief should subsidise financial advice to increase access for low-income consumers.
LV= Asset Management has called for the IMA to divide the absolute return sector into sub-sectors to separate out funds that use structured products or shorting strategies.
Provider admits it needs to overhaul its product as its systems are struggling to deal with requests for phased retirement.
The Money Advice Service says it is not designed to compete with IFAs but will drive demand for advisers and their services.
Rachael Adams reports on industry reaction to new legislation which outlaws insurers refusing a claim due to accidental non-disclosure by customers.
“I model my beard on Noel Edmonds.”
Fidelity International product director for UK equities Peter Hicks is leaving the firm after eight years.
Our panel discuss possible solutions for the crisis in long-term care, applaud the appointment of Steve Payne at Friends Life and say the ABI’s attempts to speed up life insurance claims can only be a good thing.
Resolution chief executive John Tiner says the firm may pursue further “large-scale” acquisitions towards the end of its life sector consolidation project.
Bernanke warns that the US government could owe as much as 146 per cent of GDP by 2030.
Zurich Financial Services says pensions will “inevitably” form part of the Government’s solution to the UK’s care funding crisis.