19 August 2010
John Greenwood says the new annual allowance is not the end of the road for the higher-rate tax relief debate.
Bruce Wilson says the FSA must not overcomplicate capital adequacy rules
The coalition Government has proposed a simplistic outcome that will unfairly restrict the pension rights of many.
“What days like Wednesday last week demonstrate is that investors are still nervous and that safe havens are hard to find.”
Alan Lakey says the Parliamentary Ombudsman is shackled while the FOS can ignore statute.
Simon Chamberlain says advisers must not waste any more time and start making the right preparations for the RDR.
Nic Cicutti says Aifa’s positive view on restricted advice is driven by commercial considerations.
Aberdeen Asset Management multi-manager Graham Duce has defended performance fees.
Advisers hit out at Government plans to stop the majority of people from transferring from DB to DC.
Wealth management firm Ashcourt Rowan is understood to be circling Co-operative Financial Services’ IFA arm.
Experts have warned that the Council of Mortgage Lenders’ downgraded forecast for gross lending of £140bn for 2010 may still be over-optimistic.
The race among insurers to offer the biggest number of critical-illness conditions has been replaced by increasing competition to offer the most ABI+ definitions, according to Defaqto.
Mark Penton calls for the CPMA to have a responsibility to redress the supply-demand regulatory imbalance by boosting consumers’ involvement in financial services
Andy Briscoe has secured private equity backing to fund acquisitions, potentially in the distribution space.
Fidelity is to close its windfall Isa scheme after the number of accounts dropped to 34,000.
The FSA has spent £2.95m so far on development of the retail distribution review.
Fitch says Avia’s life business would be vulnerable to a takeover and Solvency II risks if it sold its general insurance arm.
Harris and Heron believe FTSE 100 is set to hit 4,800 in the next couple of months.
Group marketing director is leaving the network and is thought to be planning to take up a role with Keith Carby’s new venture, Wilmslow Wealth.
One of the most outspoken and trenchant IFA critics of the FSA has managed to avoid the regulator’s ’Swat team’ so far and after the RDR is aiming to passport into the UK through a European regulator.
Less than half the small firms division have a full financial or mortgage advice qualification at QCF Level three and only 17 have QCF level four.
“I rocked the director dance-off.”
Paradigm Partners is planning to double the size of its IFA network, Paradigm Financial Advisers, from 200 to 400 by the end of the year.
Suffolk Life marketing director John Moret says pension providers will struggle to update their systems to implement permanent changes to annuity legislation by the April 2011 deadline.
Morningstar has issued a warning on sector-specific and region-specific funds.
HMRC is in advanced talks with the Council of Mortgage Lenders about introducing a scheme that allows lenders to verify income.
Firm would not rule out negotiating loaded premiums for its advisers.
Service concerns prompt Skipton to withdraw two-year deals after five weeks.
Pensions adviser Richard Jacobs has accused the Pensions Ombudsman of having a “complete lack of understanding” of the rules governing pension sharing.
Ian McKenna assesses the software available to help IFAs seek out the best platforms for their needs.