20 January 2011
Mark Dampier says there is still value in absolute return funds despite the mixed bag of performance seen by a number of funds in the sector.
John Greenwood says consumers need clear and simple messages and that ASA’s decision in the Aviva case will only result in providers watering those messages down.
Mark Harris says brokers should look to target the “millionaire banking brigade” who are reliant on bonuses.
Martin Bamford says FSA final notices are a valuable learning tool for advisers.
Nic Cicutti says advisers were right to challenge the FSCS levy.
Fay Goddard says the FSA’s guidance consultation on investment advice suitability looks like a fait accompli.
Peter Le Beau says he is far from happy with what happened in the protection industry in 2010.
Mortgage experts are calling for the Government and the FSA to set up a national ad campaign to help first-time buyers increase their chances of getting a mortgage.
Advisers say the 12,000 Barclays clients who invested £692m in the Aviva funds should have visited an IFA.
CFEB says it is “in discussions” with Aegon about campaign to improve understanding of property investment.
Aifa says advisers suffered “a real blow” last week when the judicial review of the Financial Services Compensation Scheme’s Keydata levy for IFAs was dismissed.
Aviva has apologised after its heritage department took six months to apply a transfer value of £134,000 to a client’s pension.
An adviser has slammed Phoenix Independent Advisers for sending a letter to some of his clients last November that claimed his firm had gone into administration.
The reliance of lenders on automatic credit-scoring systems is adding to the woes of those looking to purchase their first property, says Paul Thomas
Perspective Financial Group quickly established itself in the IFA consolidation market and now the firm’s ambitious managing director has plans to build the company further this year
Firm fears that ban could further complicate the platform market.
The providers will join LV= and Living Time in the growing fixed-term product market.
IMA looks at splitting absolute return sector into two separate sub-sectors.
Charles Martyn-Hemphill and Will Kenney will run global equity segregated mandates at the firm.
Alan Johnson has left his post as Shadow Chancellor for “family reasons” and will be replaced by Ed Balls.
Jupiter’s Guy de Blonay says emerging market equities will suffer amid a new wave of tightening measures.
Labour has backed Money Marketing’s Pave the Way to Save campaign which calls for the CPMA to pay close attention to saving and protection levels when formulating policy.
Labour has called on the FSA and future financial regulators to be made more accountable to Parliament.
Company accounts reveal need for Alico loan as firm cuts staff by 50 per cent.
Lloyds Banking Group sales director of mortgages Mike Jones has dismissed his predecessor’s claim that the bank’s share of lending through intermediaries will fall to 50 per cent.
Scottish Widows, Friends Provident and Royal London confirm they will not have a flexible drawdown product available from April this year.
N&P and US hedge fund CarVal have backed out of discussions to provide a further $20m of funding to Lifemark, Money Marketing understands.
Nest opens search for Sharia-compliant fund manager as investment strategy begins to take shape.
Openwork is setting up pension and annuity panels in a bid to widen adviser choice.
“It is a bit like going back to Hogwarts.”
Labour Shadow Treasury financial secretary Chris Leslie says Parliamentary scrutiny of financial regulation could be a solution to the “democratic deficit” between legislators and regulators.
PricewaterhouseCoopers has added another £1m to its bill for its administration of Keydata.
Schroders head of UK equities Richard Buxton says he is confident the UK economy can survive both spending cuts and the threat of a double dip recession.
Former FSA head of retail policy David Severn and PFS president Fay Goddard raise concerns over the consultation process for the FSA’s recent investment guidance.
St. James’s Place has seen its funds under management jump by £5.6bn in 2010.
Standard Life is preparing to change its logo as part of a rebranding exercise that will see the provider alter its “brand positioning”.
Rachael Adams reports on the increasing effect of continental regulation on the UK, with even the FSA coming under European surveillance.
Financial Express has downgraded Invesco Perpetual fund guru Neil Woodford’s flagship income and higher-income funds.