Money Marketing
2 September 2010
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20 Years for the PPF to be financially self-sufficient
2 September 2010
The Pension Protection Fund is aiming to be financially self-sufficient by 2030 and wants to have eliminated all exposure to interest rate, inflation and other market risks.
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ABI must be our voice
7 Sep 2010
Phil Jeynes says protection speaks with too many voices to be heard properly.
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Actuaries find 40% of big firms could level down
2 September 2010
ACA says there is still a threat of employers levelling down exisitng pension arrangements due to auto-enrolment.
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Advert watchdog getting powers to police social media marketing
1 Sep 2010
ASA to receive new powers to supervise all online marketing, including unpaid promotions through websites such as Facebook and Twitter.
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Adviser Fund Index
2 September 2010
Retail fund of fund sales hit a record high in the second quarter of 2010. Investment Management Association data shows that multi-manager products achieved net inflows of £2.3bn between April and June, and accounted for almost £1 in every £10 of gross fund sales. The spurt boosted fund of fund assets to £46bn - 40 per cent higher than the equivalent period last year.
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Advisers warned on VAT bills after RDR
3 Sep 2010
Experts warn that adviser firms could come under scrutiny from HM Revenue & Customs if their post-RDR billing shows a significant increase in VAT-able activity.
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Alpha 2 Omega ARs chased for fees and PI payments
2 Sep 2010
A20 appointed reps being chased over regulatory and PI payments not made to the network.
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An end to the means
2 Sep 2010
Is a decent basic state pension finally on the cards?
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Be prepared, not afraid
7 Sep 2010
Keith Richards says that IFAs should ignore Hector Sants declaration as long as they are prepared and understand their regulatory responsibilities.
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Breaking point for ABI
3 Sep 2010
“The ABI is a 19th century operation. The life and pension provider community deserves first class, modern representation.”
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Brokers welcome Balls' plan for VAT cut
3 Sep 2010
Brokers have welcomed a plan from Labour leadership candidate Ed Balls to slash the rate of VAT on home repair, maintenance and improvements.
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Burgess starts new insurance firm
2 Sep 2010
British Insurance founder Simon Burgess and his wife Sara-Ann are set to launch a new insurance provider.
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Cash deals urged to change Nimby views
2 September 2010
Cash incentives should be offered to people to prevent Nimbyism from standing in the way of housebuilding projects, according to Policy Exchange.
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Clegg rejects thinktank analysis of 'unfair Budget'
2 September 2010
Deputy Prime Minister Nick Clegg has attacked the Institute of Fiscal Studies’ Budget analysis, claiming it fails to take into account other Government policy initiatives.
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Conference call
2 September 2010
With the summer almost over, the focus is back on the world of work for most of us. Conference season is around the corner and there is much focus on “gapfilling” and the addit-ional work that many advisers have to do by 2013 to be absolutely sure that the RDR requirements are met.
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Cost-cutting pays off
6 Sep 2010
Brian Tora says equities are being supported by firms bringing in results above expectations.
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Dear Chancellor…
2 September 2010
Whatever happened to simplification, Alistair?
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Dire dilemma on group pensions
2 Sep 2010
“It seems crazy that you cannot advise the employees but you can advise the employer.”
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Enter Story Headline
2 September 2010
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Enter Story Headline
2 September 2010
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Evercore says ETFs are safe and liquid
2 September 2010
Passive multi-manager Evercore Pan Asset Capital Management says people worry about exchange traded funds but they are “straightforward, safe and liquid”.
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Fidelity International offers equity growth defensive fund
2 September 2010
Fidelity International is setting up a equity growth defensive fund which aims to never drop more than 20 per cent from its highest net asset value.
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FOS calls rise over mortgage underfunding
1 Sep 2010
Ombudsman waits to see case numbers.
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FSA cop-out
3 Sep 2010
Ray Boulger says some of the proposals in last month’s FSA paper on responsible lending are “downright dangerous”.
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FSCS says it has not reached Keydata verdict
2 September 2010
The Financial Services Compensation Scheme says it has yet to decide whether savers who invested in Lifemark through Keydata will qualify for compensation.
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Fund Focus: Global Bonds
6 Sep 2010
James Smith surveys a sector that has proved to be resilient in tough times and finds fund managers particularly optimistic about prospects for returns from emerging markets
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Godfrey Bloom
2 September 2010
The Ukip MEP for Yorkshire is rocking the boat in London and Brussels to get a fair deal for financial services and a prime target is the FSA which he says is ’treating IFAs like criminals’ Interview by Lee Jones
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Golden goodbye
3 Sep 2010
Paul Thomas assesses reaction to a report claiming we are at the end of a gilded era for homeownership
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Hawksmoor's 'would I buy it today' test
2 September 2010
Multi-manager Hawksmoor says monthby-month performance has its place in the management of its Vanbrugh fund of funds even though more weight is placed on longer-term performance.
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Heron says Henderson will boost US exposure
3 Sep 2010
Henderson director of fund of funds Craig Heron says the Fof team expects to bolster its exposure to the US towards the end of the year.
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Homeowners face negative equity for next four years
2 September 2010
Thousands of homeowners who bought during the housing boom could be trapped in negative equity until 2014, warns the National Housing Federation.
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KPMG new bid for Lifemark support from advice firms
2 September 2010
Lifemark administrator KPMG is asking advisers to consider a last-ditch bid to provide emergency capital for the life settlement investment vehicle.
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Lansdown moves to non-exec role
2 September 2010
Hargreaves Lansdown co-founder Stephen Lansdown has stepped down as executive director but will continue as non-executive director.
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Latin lessons
6 Sep 2010
Investors in South America have seen great returns over the last five years and the region is set for further growth
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Lawson defends providers over OMO
2 Sep 2010
Standard Life head of pensions policy says consumers are making informed choices.
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LTVs could be capped to cut risk
2 September 2010
Bean: ‘Direct constraints’
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MM Leader: FOS lost its way with prize day
2 Sep 2010
A National Complaints Day offering an iPad for the best complaint is an event you would associate with a claim-chasing firm looking to drum up cheap publicity.
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More QE could be on the way
2 September 2010
Bank of England deputy governor Charles Bean has hinted that further quantitative easing may be needed.
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N&P confident even if it has to pay £50m to Keydata clients
2 September 2010
Chief executive says issue could be resolved by end of September
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Neptune bases new fund on South Africa
2 September 2010
Neptune Investment Management has launched an Africa fund which will have at least half of its portfolio invested in South African equities.
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Opportunities rise for event-driven managers
2 September 2010
Fund of hedge fund managers International Asset Management and LGT Capital Partners are seeing an increase in opportunities for event-driven managers.
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Out of Context
2 September 2010
“Don’t worry about it, it’s nice to have a distraction.”
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Pennie moves to Intelligent Pensions
2 September 2010
Intelligent Pensions has appointed Andrew Pennie as marketing director from Santander Private Banking, where he was marketing director for James Hay and Cater Allen.
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Protection sales fall for Royal London firms
2 September 2010
Royal London fell to a loss of £2m for the first six months of this year under international financial reporting standards after an £18m profit in the same period in 2009.
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Providers could quit FSA to stay on the trail
2 September 2010
The FSA’s RDR proposal to outlaw fund-based trail commission is an unwarranted intervention in the adviser/client relationship and possibly constitutes a restriction of trade.
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Regulator hits mortgage brokers with ban and fine
2 September 2010
The FSA has fined one mortgage broker £31,500 and banned another for reckless practices which allowed false mortgage applications to be made to lenders.
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Relief squeeze hits wide range of staff
2 September 2010
The Government’s proposals to restrict tax relief on pensions are inflexible and will hit ordinary workers not just high-earners, warns Mercer.
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Room for investment
2 September 2010
Commercial property is staging a comeback and there could be particular potential in hotels via a Sipp or SSAS
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Santander is getting 1,300 complaints a day
2 September 2010
Santander received around 1,300 complaints a day in the first six months of this year.
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Savills shuts down mortgage packaging arm after poor trading
2 September 2010
Savills is closing subsidiary Savills Lending Solutions due to difficult trading conditions.
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Second-quarter growth was stronger at 1.2%
2 September 2010
The Office of National Statistics has revised UK GDP growth for the second quarter from 1.1 per cent to 1.2 per cent.
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Seconds out for hourly fees
6 Sep 2010
Lee Jones reports that a debate is raging over fee-charging methods after an emerging trend in the legal sector that has seen solicitors forced to switch from their traditional ways
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Sipp providers drop passport advisers
2 Sep 2010
A number of Sipp providers will not work with international adviser firms that passport into the UK due to compliance risks.
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Special branch
6 Sep 2010
What a baptism of fire Sanjeev Shah has had since he took over the Fidelity special situations fund in January 2008.
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Standard global absolute fund storms to the top
2 Sep 2010
Fund sees more than double the inflows of its nearest challenger.
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'Switch sellers are failing to assess public's needs'
2 Sep 2010
Annuity Direct is calling for an FSA investigation into the sale of annuities
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Tax-saving strategies for trustees
2 September 2010
Jeremy Pearson, technical support manager at Canada Life, details some routes for trustees to consider in light of the increased rate of capital gains tax
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Tenet backs Aifa level five diploma
2 Sep 2010
Tenet is to support Aifa’s new diploma in investment planning.
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The China conundrum
6 Sep 2010
The inexorable rise of China has been dependent on exports but demand is falling off with Western economies struggling
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The full picture
2 September 2010
Concluding my recent series of articles looking at the fundamentals of capital gains tax
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The reality of bias
3 Sep 2010
While reflecting on regulation and the retail distribution review recently, I pondered on the original ambitions of the RDR architects and how this interminable roadshow is addressing them.
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The return of technology
6 Sep 2010
Chris Salih reports that Ignis is stepping into the tech sector which is showing some stellar returns
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The shared ownership solution
3 Sep 2010
Danny Lovey says the revitalised shared ownership scheme could help first-time buyers
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Thinktank slams equality criticism of the Budget
2 September 2010
A fellow at the Institute of Economic Affairs has criticised the Equality and Human Rights Commission for pushing the Treasury to show it has considered the impact of the Budget and the spending review on vulnerable groups.
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Tough line on client poaching
2 Sep 2010
Advisers say broker firm Oval’s out of court settlement following a dispute with two former employees is another sign of the tougher line firms are taking regarding client ownership.
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Transfer ban shows pension tinkering is getting worse
2 September 2010
THE EDITOR’S COMMENT OF THE WEEK
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Unviable Invest & Give fund to be axed
2 September 2010
Invest & Give, an investment fund that supports The Prince’s Trust, is winding up after failing to attract enough assets to make it viable.
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Watchdog staff need knowledge to judge us
2 September 2010
I have been banging on for years about the lack of qualifications of those who seek to judge what I and my fellow professionals do in our daily lives in dealing with clients.
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Wheat allergy
2 September 2010
ith some of the recent doom-mongering headlines about rising food prices, you could be forgiven for assuming we are heading for an era of Zimbabwean-style inflation or Soviet-era shortages. Are we likely to start seeing hordes of people standing endlessly in queues around Netto, waiting to spend the week’s housekeeping on a loaf of stale bread? We think this is unlikely, to say the least.
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Witan in deals with Lindsell Train and NewSmith
2 September 2010
Investment trust Witan is handing two £100m mandates to active fund management boutiques Lindsell Train and NewSmith Asset Management after axing the Henderson UK enhanced index portfolio and Witan Marathon UK portfolio.
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Yorkshire battered by data watchdog for losing laptop
2 September 2010
The Information Commissioner’s Office has found Yorkshire Building Society in breach of the data protection act after an laptop was stolen containing customers’ unencrypted details.
