Money Marketing
18 February 2010
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£70M April levy will break some advisers
18 Feb 2010
Warning over huge burden placed on advisers in limited time frame.
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About turn
19 Feb 2010
Speculation is rife as to whether the Tories, if successful in the general election, will reverse recent tax legislation.
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Adviser calls on politicians to help fight the £70m levy
19 Feb 2010
IFA Andrew Barnes urges Govt and Opposition MPs to act on FSCS £70m levy
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Advisers who restrict cover face losing independent status
19 Feb 2010
Advisers who fail to offer life insurance, income protection and critical-illness cover could lose their independent status.
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Apply online to Adviser Alliance
18 February 2010
Lobby group Adviser Alliance is now accepting membership applications online. Members will be required to pay a £100 registration fee and an annual fee of £150
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AWD appoints training chief in level four drive
18 February 2010
Connolly: ‘Timetable of exam targets’
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Balancing act
18 February 2010
The IFA market is well primed to grow as the economy recovers
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BGI sell-off boosts Barclays' figures
18 February 2010
Barclays profits soared by 92 per cent last year to £11.6bn from £6.1bn in 2008 following the sale of its investment business Barclays Global Investors for £6.3bn. Excluding the sale, the profit was £5.6bn, 13 per cent down on 2008.
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Bond issues
22 Feb 2010
“Barclays’ research shows that the era of capital abundance is about to give way to capital scarcity.”
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Change of direction
19 Feb 2010
Evan Owen says it is time to realise that engagement with the regulator is better than confrontation.
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China fund could be the biggest-ever opener for a trust
18 February 2010
If Fidelity meets its target of 3630m for Anthony Bolton’s China special situations fund, it will be the biggest investment trust cash-raising ever seen.
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China syndrome
22 Feb 2010
10 MINUTES with Richard Wong
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CML forecasts repo rise continuing for years
18 February 2010
The Council of Mortgage Lenders is predicting “a bulge” in repossessions lasting for the next few years rather than a one-off spike.
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Cofunds addresses IFA fears after coming ninth in Platforum survey
19 Feb 2010
Cofunds says it is not surprised that it was ranked ninth in the latest Platforum research and it is addressing adviser concerns over unbundling charges.
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Cook taking over from Fuller at Just Retirement
18 February 2010
Just Retirement chief executive Mike Fuller is retiring in July and will be replaced by LV= life and pensions managing director Rodney Cook.
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Davy leads alternative group
18 February 2010
SimplyBiz chairman Ken Davy is to chair a group set up to take forward the FSA’s alternative assessment RDR proposals. It includes ex-CII president Peter Hales, Technical Connection joint managing director Tony Wickenden and Warwick Butchart Associates chairman Len Warwick.
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Derek Bradley
18 February 2010
The chief executive of PanaceaIFA is intent on recreating a 17th century financial meeting place on the 21st century internet. Seeing a widening gulf between the quality of retail distribution service offered to small IFAs and their bigger counterparts, he set about building a forum for communication, re-establishing the link between product providers and small firms
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Drachma out of a crisis
19 Feb 2010
“Timeo Danaos mutua publica ferentes - I fear the Greeks bearing sovereign debt.”
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Exclusion zone
23 Feb 2010
IFAs should deal with firms that cut premiums for exclusions
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Fantasy island
18 Feb 2010
Nic Cicutti believes advisers are living in a dream land over their criticism of outgoing FSA chief executive Hector Sants.
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Financial services could be hung out to dry
18 Feb 2010
Hung Parliament: ‘Industry needs to put its case and this will mean working with politicians from across the spectrum’
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FSA must be vigilant on lending rules
19 Feb 2010
“It is important to recognise, as the FSA has done in the past, that precise rules do have the disadvantage compared with principles.”
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FSA urged to clarify cover disclosure
17 Feb 2010
Richard Verdin calls for greater clarification of the FSA’s requirements for commission disclosure on protection sold alongside investment advice.
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'Graduate vacancies to rise 25%'
18 February 2010
The finance sector is expected to see a 25 per cent rise in vacancies for graduates this year, according to a survey by the Association of Graduate Recruiters.
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Grasp the opportunities
18 February 2010
My Beautiful Career
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Head of sales Turtle quits at Hornbuckle Mitchell
18 Feb 2010
Hornbuckle Mitchell director and head of sales for London Elaine Turtle is leaving the Sipp provider.
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Hector missed the ball
17 Feb 2010
Tom Baigrie on Hector Sants’ tenure as chief executive at the FSA.
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How to beat Google
19 Feb 2010
Ian McKenna says news that google is to enter the mortgage-sourcing market in the US should send a shiver down the spines of advisers and brokers.
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Hundreds of advisers look to sign up for our Academy
22 Feb 2010
Hundreds of advisers have already registered their interest in joining the Money Marketing Academy.
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IFAs' anger grows over Keydata levy
18 February 2010
’Unfair’ bills set to hit investment advisers
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IFP sets up ETF workshop for certified planners
18 February 2010
The Institute of Financial Planning is hosting an exchange traded fund workshop for certified financial planners.
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'Indemnity drug is killing businesses'
18 Feb 2010
Fortis Life UK managing director Martin Werth is calling for insurers to reduce the level of up-front commission paid to advisers, claiming it is like “heroin” for distributors.
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Keydata cash could be in the rainforest
18 February 2010
Assets may have been used to buy land in Brazil
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KPMG gets time for Lifemark plan
18 February 2010
The Luxemburg regulator has given KPMG Advisory six more months to develop a restructuring plan for Lifemark. Over 20,000 Keydata plans were invested with the investment vehicle.
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Law firm rounds up IFAs for FSCS challenge
23 Feb 2010
Law firm Regulatory Legal is garnering the support of IFAs to challenge the Financial Services Compensation Scheme’s £70m interim levy.
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Lender bodies oppose BTL regulation
18 February 2010
The Council of Mortgage Lenders and the Building Societies Association have urged the Treasury not to extend the scope of mortgage regulation to buy to let.
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Life after the fall
22 Feb 2010
“Today’s investor is typically more realistic - but more cautious, too. Never has the desire to protect through diversification been so strong.”
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Life saver
18 February 2010
Life planning could rescue some failing IFA firms
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Lloyds adviser plugged the bonus gap with fraud
19 Feb 2010
A Lloyds TSB mortgage adviser has been jailed for six months for defrauding customers when she did not get expected bonuses.
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Loaded dice
19 Feb 2010
Special Report: End of Tax Year Planning
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Made in China
22 Feb 2010
Having emerged intact from the recent market turbulence, China is a leading player in the Asia growth story
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Mini policies lack the long-term outlook
19 Feb 2010
PMS’ Martin Reynolds says the political parties need to offer more than short-term solutions.
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MM leader: New levy is an unacceptable burden on advisers
18 Feb 2010
And so IFAs are left to carry the can for the failings of structured product providers, stockbrokers and regulators.
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Moneygate cools on A2O deal as other firms move in
18 February 2010
Moneygate chief executive Lee Hartley says a deal for network Alpha to Omega is unlikely as a number of other firms are now believed to be interested in the business.
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More life managers targeting IFA jobs
18 February 2010
Support team cutbacks prompt move to advice firms
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Mott's fund is a nifty buy
22 Feb 2010
Bill Mott’s PSigma income fund is including a focus on a small number of firms which can thrive amid a continuing poor UK outlook
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NAPF fights tax relief restrictions
18 Feb 2010
Working party set up to lobby Government against its new pensions tax relief restrictions.
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Nationwide axes holidays on new loans
19 Feb 2010
Nationwide is scrapping the option for borrowers to take a repayment holiday on new mortgage deals.
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NeedAnAdviser service helps outsource for specialist advice
18 February 2010
NeedAnAdviser.com has launched a new service to help advisers outsource specialist areas of advice and earn referral commission.
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Office politics
18 Feb 2010
Alan Lakey ponders the Office of Fair Trading’s role in the RDR.
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One step beyond
19 Feb 2010
The Mortgage Works looks to tempt future buy-to-let investors by revisiting stepped trackers
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Opportunity knocks
19 Feb 2010
IFAs that truly embrace changes imposed by the RDR will thrive
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Origen set for up to 5% on outsource annuities
18 Feb 2010
Further details emerge regarding the firm’s controversial outsourcing deal.
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Paradigm confidence despite loss of £1.5m
17 Feb 2010
Paradigm Partners has recorded a £1.5m loss in its latest fin-ancial results.
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People on the move: Distribution
18 February 2010
AWD Chase de Vere has appointed Carl Pimlott to the new role of head of professional development and training. His main responsibility will be the implem-entation of AWD’s profess-ional development plan in preparation for the RDR.
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People on the move: Investment
18 February 2010
Liontrust Asset Management has appointed John Ions as head of retail, the latest step in rebuilding the business following the departure of fund managers Jeremy Lang and William Pattisson last January. Former AWD marketing director Graham Hooper also joined recently as an independent non-executive director.
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People on the move: Life and pensions
18 February 2010
Managing director of Clerical Medical and Halifax Life John Van Der Wielen is to leave Lloyds Banking Group later this year to return to Australia. Lloyds managing director of general insurance Phil Loney will become managing director of life, pensions and investments business across Scottish Widows and Clerical Medical. Scottish Widows managing director Andy Briggs has become managing director of general insurance.
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People on the move: Mortgages
18 February 2010
Virgin Money has recruited former Lloyds TSB chairman and chief executive Sir Brian Pitman as chairman as the group launches Virgin Bank. Norman McLuskie and Colin Keogh will join the board as non-executive directors. McLuskie was deputy chief executive of Royal Bank of Scotland prior to the takeover of NatWest and he also headed Tesco Personal Finance. Keogh was formerly Close Brothers’ group chief executive.
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Personal check
18 February 2010
Provider view
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Pressing charges
18 Feb 2010
John Greenwood argues that consultancy fees risk exacerbating the pension problem.
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Remuneration rejig at Hargreaves Lansdown
18 Feb 2010
Hargreaves Lansdown is changing the way it pays its advisers in order to retain its independent tag under the retail distribution review.
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Return to lender
19 Feb 2010
The remortgage market is making a comeback, says Paul Thomas, but in a very different, almost European, form to the aggressive pre-credit crunch model
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Second best
19 Feb 2010
Chris Salih analyses the reasons behind the below-par returns on Skandia’s UK best ideas fund
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Sense of direction
18 February 2010
Financial Services Skills Council head of careers and higher education Jenny Barber explains how new initiative Directions is aiming to give new finance industry recruits the knowledge they need to make informed career decisions
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Sifa sees conflict over RDR prof body role
17 Feb 2010
Sifa has flagged up a potential conflict of interest in the FSA’s proposal to devolve the responsibility for ensuring member compliance to professional bodies.
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Skandia sets 0.5% platform fee target
18 February 2010
Skandia is to cut 150 jobs and slash costs by 20 per cent to aim for a platform charge of 0.5 per cent.
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Stop railing against RDR
18 February 2010
I see that yet again Alan Lakey is having a go at the regulator and venting his spleen at the RDR. Let me say I am sure that anybody whohas met Alan would not deny he is a decent person but I think he is getting a little obsessive on this topic and behaving a bit like a one-trick pony.
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Take a trip into the future now
18 February 2010
Imperious Capital’s Robert Bray says the Nucleus wrap allows his firm to rise above the Morlocks.
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The stags are out for Bolton's fund
18 Feb 2010
Investment trust experts believe investors may look to make quick profit from Anthony Bolton’s new China offering.
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Tory thinktank wants to keep door ajar for CTFs
18 Feb 2010
Conservative thinktank Policy Exchange has called for the child trust fund to be retained in a bid to build a savings culture.
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Why a hung Parliament would be a disaster for the markets
19 Feb 2010
’Equity investors would just assume there would be policy stasis, infighting and indecision’
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Why Which? backs independent advice but not commission
18 Feb 2010
Which? chief executive Peter Vicary-Smith sets out the aims of the organisation’s banking inquiry.
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Witnesses line up to slam sales-driven banks
18 Feb 2010
Which? Future of Banking Commission
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Woolwich tranche system 'worse than getting Glastonbury tickets'
19 Feb 2010
Brokers are still having problems getting funding through the Woolwich’s intermediary tranche system.
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Zurich seeking partner
18 February 2010
Zurich is tendering for a partner to replace Prudential in a single-tied annuity-outsourcing contract, Money Marketing understands.
