18 July 2007
The government had a huge opportunity to redeem its pensions credibility in the eyes of the public this week by accepting the cross-party amendment to provide quicker help to victims of occupational scheme collapses.
It will take women in the UK 45 years to achieve equality in retirement income, according to a report by the Equal Opportunities Commission.
Wall Street still has juicy prospects but be careful when you bite in.
AXA Investment Managers (AXA IM) has bolstered its UK fixed income team with the appointments of Mark Benstead and Philip Chow as portfolio managers.
Barclays has entered into a £9bn deal with China Development Bank and the Singapore government to boost its bid for the takeover of Dutch group ABN Amro.
BestInvest has been purchased by global private equity and venture capital firm 3i.
Paul Wright, investment management director at Zurich, sets out the taxation arguments when comparing bonds with Oeics and unit trusts.
Canada Life has revamped its annuity growth account to take advantage of the post-A Day changes.
Paul McMillan reports on the industry reaction to the regulator's proposals for capital adequacy and professional indemnity insurance.
Chris Salih reports on the aftermath of the furore caused by commercial property funds reacting to big outflows by bringing in redemption charges.
There seems to be a looming question mark over the entire UK property market at the moment after several high-profile firms decided to move their vehicles from an offer to a bid basis in reaction to investors deciding it is time to get out.
Credit Suisse is to revamp its multi-manager range with new managers Graham Duce and Aidan Kearney doing away with the group’s regional fund strategy.
The July 31 deadline for lenders to report back to the FSA on exit fees is looming and last week saw Cheltenham and Gloucester become the first lender to announce to the world it will be scrapping its charges for all future customers.
Retirement income is an issue that crosses the generations.
Fidelity International has introduced a Luxemburg-based fund investing in emerging Europe, the Middle East and Africa.
The FSA has published its guidelines for a simplified, less prescriptive version of the suitability letter as part of its final disclosure measures for the new conduct of business sourcebook.
New FSA chief executive Hector Sants has reinforced the FSA’s view that the UK could be set for an economic downturn and concern that some in the industry may not be ready.
Survey shows 'optimists in their 20s and 30s are heading towards retirement poverty'.
The DWP's feedback statement puts more flesh on the bones of personal accounts.
The Government will face the Court of Appeal tomorrow in an attempt to defend its decision to ignore the Parliamentary Ombudsman over the 125,000 who lost out when their occupational schemes collapsed.
Pensions consultant Ros Altmann has branded the Government’s extra support for occupational scheme collapse victims “the cruellest possible way” to help people.
HSBC has announced its open global distribution and open global return funds have linked to Zurich International Life’s International Wealth Account.
The merger of Cavendish Grant and Chartwell two years ago made business sense for both companies. It provided a fresh impetus for the newly merged company, which retained the Chartwell name, and helped it to almost double turnover. The latest addition to its line-up is an online dealing facility offering more than 900 funds. Interview by Will Henley.
Money Marketing editor John Lappin says the FSA is trying to manipulate advisers with its attempts to portray the RDR and prudential rules discussion papers as being industry-led.
Lyxor Asset ManagementLyxor ETF Commodities CRB
Lyxor Asset ManagementLyxor ETF Commodities CRB Non-Energy
Promoting the value of bespoke advice should be a collaborative effort between brokers and insurers, says PruHealth sales director Dave Priestley.
The Association of British Insurers has announced Peter Montagon, director of investment affairs at the ABI, has been elected chairman of the board of the International Corporate Governance Network.
External member of the MPC Professor Timothy Besley has warned there remains uncertainty over the continued build-up of household debt and the future path of effective interest rates faced by households on this debt.
Target return funds have failed to deliver so why do investors brother?
Annie Shaw takes passage to India to look at Kent Reliance Building Society's unconventional but successful outsourced call centre in Bangalore.
The Parliament Act has ended any further House of Lords opposition to the Government's treatment of victims of occupational schemes collapses.
The Government easily defeated a Pensions Bill amendment to set up a “lifeboat” fund for victims of occupational scheme collapses after promising more help to those who lost out.
The regulator’s Practitioner Panel has told the FSA’s annual public meeting that it has seen no proper or reliable evidence of commission bias and called for consumers to be allowed the choice of fees or commission.
Many IFAs may have been reckless to lead their clients into property funds.
The FSA’s practitioner panel has waded into the future of commission debate suggesting one of the key foundations of the retail distribution review may not be as clear cut as the regulator suggests.
Resolution Asset Management has overhauled its US equities fund in a bid to move towards a retail strategy.
Sales of equity release plans have jumped by almost a fifth, according to equity release specialists Key Retirement Solutions.
Scottish Life has attacked the recent comments on commission made by the FSA’s Practitioner Panel suggesting it has misinterpreted the goals of the Retail Distribution Review.
Societe Generale Asset ManagementSGAM AL Equity Fund: Caxton Equity
The Protection Review conference and dinner went like a charm a couple of weeks ago with many industry gurus giving their two bobs worth about what providers and advisers have been doing and should be doing to close the protection gap.
The Mortgage WorksTwo Year Fixed Buy To Let
The Mortgage WorksTwo Year Fixed Buy To Let
Continuing to look at offshore roll-up funds with a practical example of how gains are calculated on part-encashment.
What good are consultations if the Government has made up its mind?
UBS Global Asset ManagementUS 130/30 Equity Fund
Alan Hughes, financial services associate, and Mikki Duncan, employment partner, at Bond Pearce LLP consider the implications of two recent legal case which have produced interesting rulings on contract restrictions designed to protect employers.
Witan has appointed two new managers for its investment trust with Comgest and Orbis taking on the trust’s Asia ex-Japan and Australasian portfolios respectively.