17 January 2007
IFA criticises 'ridiculous move which will scare public'.
Guy Anker says small firms have been heavily criticised in the FSA's probe but some are asking if the regulator is getting its message across effectively.
The Treasury's announcement of a taskforce to research and design a national generic financial advice service should be a welcome move in the eyes of IFAs.
FOS says lower volume of endowment complaints will see its costs rise.
Trade body disputes decision to disregard limitation laws amid fears that levy could hit 40m.
Clients' portfolios can be valued, reviewed and managed online within a fund supermarket.
Providers and advisers must play by the rules as a mortgage debt crisis looms.
BestInvest has announced the appointment of a new CEO today with founder and controlling shareholder Nigel Spiers passing over his responsibilities to newly recruited Andrew Barnes.
Last week's base rate hike came as both a shock and an embarrassment to many in the market, including me. My embarrassment was simply the result of having publicly predicted a February rise in a number of presentations last week while also stating that we might actually have seen the peak in rates.
UK savings provider Birmingham Midshires today announced the launch of a new Best Buy bond with a fixed rate of 6.05% gross/AER.
Bill McQuaker is head of multi-manager at Henderson Global Investors.
Rival provider claims lack of medical history questionnaire will leave clients confused over extent of cover.
As a keen hot-air ballooner, this Bristol-based IFA drifts through much of her leisure time but, as the new president of the Personal Finance Society, she has her feet firmly on the ground, warning that advisers must earn the right to be seen as professionals and encouraging members to take the chartered financial planner exams to improve their skills. Interview by Helen Pow.
Will it be a case of "Advice Otto, but not as we know it?"
As Big Ben marked the start of 2007 and I toasted the New Year in with a glass or two of bubbly
Cheshire Building SocietyTwo Year Fixed Rate
Business strategy Former editor of Investment Week Kira Nickerson says fund firms are showing more transparency when it comes to product charges and details but marketing pushes are still confused by too much spin.
There are concerns in some areas of the market but bond prospects are largely positive.
This week by Marc Webber, assistant news editor and editor of Sun Money online.
It is always dangerous to read too much into short-term market movements. The way in which shares took off in the first few hours of trading in the new year made me wonder if I had missed something. Then we started to hand it all back again.
What decisions face employers with contracted-out schemes?
Half of the senior financial executives who took part in a Fidelity survey of their companies’ attitudes to corporate pensions have acknowledged that their defined contribution schemes will not allow employees to retire in comfort.
As 2006, the year when tax angles went from obtuse to non-existent, drew to a close, the news that someone had absentmindedly put their grandson through an X-ray scanner at Los Angeles airport said it all for me. Despite what the child's nappy contained, it was not likely to be deadly.
John Wright, a compliance consultant at Bond Pearce Solicitors, says if a firm is already operating to a high standard, it should have no trouble co-ordinating a TCF approach.
The Government has confirmed it is going ahead with the protected rights changes proposed by the DWP.
Financial firms that set up small flexible offices or have staff working from home can benefit from lower costs and higher productivity but not all advisers are in favour of this working model. Helen Pow reports.
Scottish Widows tax expert tells Falcon Group IFAs to beware of racking up chargeable transfers.
Chris Firmin-Didot is the ultimate talent-spotter, scouting the world for the best entrepreneurs for a fund that truly offers a distinctive approach that claims to be less blinkered than traditional fund management.
Merchant Investors will relaunch its Sipp offering on 1 February.
The spectre of the Law Commission and the prospect of non-repudiation conditions are casting an increasingly long shadow over the protection marketplace. Serious questions are being asked about the depth of information that may be needed to underwrite such business.
Friends and NU cite strong WP returns.
Can anything less than stellar performance justify the recent fee increases on some of Neptune's funds? Our panel of experts consider issues surrounding charges plus will this be the year of the wrap and is the investment industry's slow response to the introduction of real estate investment trusts a cause for surprise?
The cumulative effect of recent rate rises may be too much for some borrowers.
Paul McMillan says the occupational row continues unabated.
People on the move in Investment, Life, Pensions and Offshore, Distribution and Mortgages.
How personal accounts will change the pension landscape and the implications for employees and workers.
Chris Salih considers the scope for diversification in the UK equity income sector.
It is interesting to note that most fund managers are bullish about both the UK and Europe but three of the fund firms I respect most are negative about the UK and positive about Europe. These are Fidelity, Schroders and JP Morgan.
What is important is the vehicle that leads you to the online information.
Firms predict that profitability will rise, fuelling demand for new staff.
Resolution Asset Management is to strengthen its retail sales team by recruiting Steve Muzzlewhite from Blackrock, and Nick Jordan from Barings.
Scottish Widows head of pensions market development Ian Naismith has joined the chorus of protest against Government proposals to raise the annual contribution cap for NPSS Personal Accounts from £3,000 to £5,000.
Jan Regnart, chief executive of Wealthtime and former managing director of James Hay Sipp, says the FSA is concerned about the lack of applications for Sipp authorisation but she points out that firms face complex challenges.
Resolve this year to boost your business in 10 simple steps.
Stock selection Samantha Downes reports that big firms are set to come to the fore this year as large caps bounce back.
Another week, another bulging inbox full of emails from IFAs responding to my recent columns on the issue of remuneration for advisers and how improvements might be made to current business models in a manner that allows trust in the industry to be restored.
Mark Roberts, head of faculty financial regulation and corporate & academic relationship at the IFS School of Finance, says the problems of a few firms taint the whole industry and well structured training is essential.
Speculation starts over successor as chief executive heads for private sector.
People who bang on about their rights could learn a lesson from Oliver.
My Beautiful Career by Simon Chamberlain.
Women are continuing to turn their backs on pensions, according to new research from Investec Private Bank.