2 June 2011
Chris Gilchrist says there are a number of strong performing strategies that are not well implemented in the passive space.
Nic Cicutti says the banks should face bigger fines for poor complaints handling.
Rob Reid says many advisers left a recent event thinking the regulator was more interested in entrapment than improvement.
Peter Hamilton outlines how he would reform the Financial Ombudsman Service.
With the RDR deadline only 19 months away, there is growing concern that firms are underestimating the radical business changes required.
Aviva at-retirement director Clive Bolton says the retirement industry must take practical steps to maximise the income of its customers.
Advisers have slammed the IMA’s decision to rename the active, balanced and cautious sectors with letters denoting the degree of manager discretion in the funds.
Bestinvest chief executive Peter Hall says his firm is in talks with a number of adviser firms about potential acquisitions.
Developing economies are hitting “full capacity activity levels” and need to refocus their efforts, the World Bank has said.
Clients in the decumulation phase are more likely to feel the impact of adviser-charging, which may prompt them to get rid of their adviser.
Two VCTs from private equity group Foresight have lost 70 per cent of their net asset value after the group took over the funds from Acuity.
Tisa says the FSA is unlikely to relent on banning cash rebates on platforms despite widespread industry opposition.
Fidelity, Cazenove and Apollo have hit out at the Investment Management Association’s changes to its managed sector definitions and called for a risk-based approach.
Hornbuckle Mitchell says the number of Sipp holders that have become orphan clients has more than doubled in the last 18 months as a result of the RDR.
Industry experts have warned that many IFAs are still in denial about the difficult business model transition that is required under the RDR.
More IFA firms will start to offer execution-only services to some parts of their client bank, says Fidelity International head of UK fund partners Ed Dymott.
The IMA consulted only a small number of IFAs during the development of its new managed sector definitions, according to L&G managing director of unit trusts Simon Ellis.
Lenders are asked to address borrower confusion over porting as FOS complaints rise, reports Paul Thomas
“I have to attend all three party conferences and then promptly book myself into the Betty Ford clinic.”
The cost of advice will increase as IFAs move to adviser-charging models, says Taxbriefs editorial director Danby Bloch.
Ignis chief economist Stuart Thomson believes interest rates won’t rise in the UK until 2013 despite an opportunity in February 2012.
Rachael Adams reports on how advisers outside the UK are also facing regulatory upheaval because of the RDR?