16 May 2007
After months of speculation Fidelity has finally unveiled internal heavyweight Sanjeev Shah as long-term successor to Anthony Bolton on the £3.2bn UK special situations.
It's clear that the Government intends scheme pensions to be mainstream.
A Eurovision of corporate dynamism, strong profits' growth, M&A opportunities and attractive valuations.
Abbey head of client investment John Kelly has left the firm with immediate effect to "persue another opportunities".
The Government is failing to live up to its promise that personal accounts will not compete with existing provision, warns the ABI.
Aegon and UBS Global Asset Management are to join forces to create a bulk annuities service to help large companies offload their pension fund liabilities.
Aifa has attacked the research behind the FSA’s recent warning about the way advisers are treating with-profits clients suggesting it is flawed, misleading and lacking in credibility.
Chris Salih analyses core holding Schroder European alpha plus.
With just eight working days before the controversial Home Information Packs are set to be launched you would have thought the uncertainty of the last eighteen months would have finally ended by now.
Mike Morrison, pensions strategy manager at Winterthur Life, says unsecured pension and alternatively secured pension can still play a part in an IHT strategy.
EXPERTS Q&A: our panel consider whether the open-market option is being explained adequately to retirees and evaluate innovations in the market.
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What are the real risks faced by pension scheme members and how can they be quantified?
Asset market returns in the first quarter of this year were tightly bunched, presenting a significant challenge to clients' portfolios.
Cofunds has called for improved standards in the industry over the management of pension transfers.
In my most recent article, I outlined the contents of an announcement from the Institute of Actuaries relating to the variability in commutation factors for retiring members of final-salary schemes. I would now like to develop the implications of this with regard to the advice given by advisers to these individuals.
Credit Suisse has appointed Tim Sweeting as head of institutional distribution for absolute return strategies, EMEA for the asset management business.
Following Money Marketing Live, the financial services chattering classes have the future of distribution at the top of their favoured subjects.
The Phizackerley case has potential implications for a married couple looking to buy a second home.
Aifa has attacked the FSA’s research into with-profits advice after pointing out several flaws in the methodology used by the regulator to jump to the conclusion that many advisers were not treating with-profits clients properly.
Multi-manager Smith and Pinching Portfolio Management has added a small weigh-ting in direct equities to its fixed-interest fund to boost returns.
Take a long-term and structured approach to recruitment.
A few years ago, I had to take my car in for a full service and valet before it was sold. Except that when I went to pick up the car that evening, neither the service nor the valeting had been carried out.
Pension experts are warning that the Government has failed to address how personal accounts will be policed.
Financial Express fund analyst Sarah Beasley has praised Fidelity's appointment of relative unknown Mario Frontini to replace UK special sits bound Sanjeev Shah on the European aggressive fund.
Who would have thought the investment world could have recovered to the extent it had, mused the chairman of the curiously named Betelgeuse Investment Funds as he looked through the sales figures for the first four months of the year.
The FSA is to warn that many advisers are failing to treat their with-profits clients fairly by not offering them the ongoing advice they expect to receive.
The FSA has fired a strong warning to small adviser firms that they are not beneath the regulatory radar and will not escape its attention.
The Finance Services Skills Council has set up an academy to help plug the predicted future skills gap in the financial services sector.
Flicking through Money Marketing recently, I was surprised to find what I thought was an article on tennis. It involved a company called Baseline Capital.
The Government's controversial proposals to convert contract schemes to trust based schemes to "protect" existing savings could cost £4bn, according to industry estimates.
How the recent case of Smith and Others vs HMRC has brought the associated operations rule into the spotlight.
Almost half of IFAs in the UK hold the advanced financial planning certificate, according to Money Marketing research.
Shares in IFA and discount brokerage firm Hargreaves Lansdown have soared by more than 30 per cent as the group made its debut on the London Stock Exchange yesterday.
Ian Owen, chairman of Partnership Assurance, says many people are missing out on increased annuity payments for ill health resulting in impaired lives.
The Government has delayed the implementation of Home Information Packs until August 1. The decision was made following an interim order preventing Energy Performance Certificates from being included in Hips from June 1.
As the nation's media comment on how much better or worse off we are after 10 years with Tony Blair at the helm, I have been thinking how my own little world has changed.
Many brand-building exercises fail because companies mistake customer convenience for loyalty, says Simon Parker, director of public relations and marketing company SPS Marketing.
James Salmon on moves to get tough on factory gate pricing.
Recruitment consultants do not like my being frank with clients.
Bonjour! Here I am in Nice where the weather is great but I have had little time to top up my tan as I’ve been rushing around the various conference rooms at the Money Marketing Retirement Summit.
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Association of British Insurers protection committee chairman Nick Kirwan says declined claims are the biggest issue facing the industry and must be resolved quickly.
Lawrence House Financial Management says that, unlike some multi-managers, it is wary of holding the same funds and fund managers across all of its portfolios.
The chairman and chief executive of Camberford Law has juggled a successful career at the Lloyd's broker with an active role in the House of Lords since becoming the Conservative Party's first Muslim peer. He sees his role as protecting and promoting the financial services industry. Interview by Paul McMillan.
A House of Lords vote against Hips today would give the Government the perfect excuse to defer the 1 June start date, says Ray Boulger.
With one pound now worth around two dollars, company profits expanding and US interest rates likely to fall, now is the first time for around five years that I am recommending buying American unit trusts.
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The financial services industry is missing out on a valuable resource by sidelining women who want to return to work part-time after having a family, writes Catriona Brand, a mother of one and a part-time adviser with a high-street bank.
Peter French's letter (Money Marketing, May 10) seems, to me at least, to be overly pessimistic. Every individual liable to inheritance tax has a nil-rate band and the first step in any planning should be to ensure it is not wasted.
The FSA announced recently that the T&C sourcebook for retail firms will be made much shorter. In fact, all will be contained within fewer than five pages.
Hargreaves Lansdown is urging the Government to make the open market option the default for annuity sales.
More than a third of IFAs are somewhat or highly dissatisfied with their worklife balance, according to our survey.
17 May 2007
In any profession, there are those who are good, bad or downright mediocre at their jobs. Despite the plethora of training available most good advisers tend to be born and not made, claims Mortgage Talk sales director Michelle Brook.
Why is the premium we quote to clients not always what they will pay?
The Government seems determined to bring in some form of generic advice.
Resolution Asset Management chief investment officer for UK equities Peter Reid believes that the FTSE 100 will break it’s all-time record of 6,930 next year with the bull market set to continue until at least 2009.
Resolution Asset Management UK property fund manager Sandy Thompson has resigned from the firm.
Towry Law is looking beyond the traditional IFA pool and launching a "return to work" scheme for professionals considering careers as wealth advisers.
At last the wait is over. Friends Provident this week came to the rescue of Sesame, the IFA network with a burgeoning direct arm and comparatively strong multi-tie proposition that now has a single, dedicated provider parent.
Multi-manager Cazenove has broadened the commodity exposure within its diversity fund by reducing its holding in JP Morgan natural resources by 10 per cent to establish a new position in the Schroder agricultural fund.
Abbey appears to have chosen to partner with a specialist in a bid to re-enter the sub-prime market, says Tanya Powley.
MM probe finds senior advisers on £40,446 and trainees getting just over £23,000.
The Government's Open Market Home Buy scheme for key workers has got off to a slow start due to lack of awareness among the public and advisers finding the scheme confusing, reports Helen Pow.
Five-page special report opens with Mike Kipling, deputy chairman of The Actuarial Profession's life board, explaining the computations that go into setting annuity rates and how they work to protect the pensioner throughout retirement.
Margaret Jago, technical manager at Aegon Scottish Equitable International, considers why the Treasury took action over commission rebating on offshore bond business and why some life offices have welcomed the move.
Thinc group's online TV channel, Thinc TV, is starting to use internet streaming technology to deliver content on demand to over 1,000 financial advisers and staff.
UK pension schemes have moved into surplus for first time in over five years, according to research from Aon Consulting.
Are constraints eating your alpha, and other pompous verbiage??
Nicola York says the critical-illness industry is split in two on applying policy enhancements to existing customers.
The FSA has stressed the importance of treating customers fairly and has issued numerous fines in the last few months to demonstrate that they mean business.
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