20 May 2010
FOS advises IFA facing a claim for recommending an offshore bond exposed to KSF IoM that it was correct to class bank deposits as low risk investments.
“We are about to go through the biggest change in our sector since the maximum commission agreement bit the dust. Yet so few have even read the papers recently published by the FSA.”
Kingdom Investments’ Steve Hunter says technology might help bring new blood into the advice sector.
Tony Wickenden says risk must be measured against tax incentives in exploring strategies for lessening the impact of the 50% tax rate
“A battle over the back book of business housed in child trust funds will commence if anticipated changes to the wrapper emerge from the coalition Government.”
Standard Life’s John Lawson looks at some of the pension options available for the coalition Government.
Nic Cicutti scrutinises Aviva’s recent declaration that it sees no benefit in buying IFA distribution.
“The election may have been at the forefront of everyone’s minds but, as far as markets were concerned, the most important events were in Europe.”
Former Prudential pair are both tipped to replace Hector Sants as FSA chief executive.
“Many economists are attempting to characterise the world as returning to normality after the crunch - but in the fractal model, the next bit of chaos could be just around the corner.”
Leon Kaye files formal complaint on behalf of Skipton borrowers hit by its decision to scrap its SVR ceiling.
’How can an Isa or endowment be less risky than the future value of your home?’
ABI calls for a simplified advice process with a low-cost automated service.
There is certainly no time for a honeymoon period as the coalition Government prepares for next month’s emergency Budget.
Mortgage brokers are concerned that they now have access to less than half the products on the market.
Brian Tora says the coalition is formulating policy and cabinet rows that will send wobbles through the markets.
Ex-Park Row advisers fear they may be pursued for PI excess payments for complaints regarding files not vetted by internal compliance.
PI insurers are beginning to offer regulatory dividends to firms with higher qualifications and top-quality advice processes.
Peter Chadborn says protection brokers are frustrated by having to use the transaction process which suits the product provider rather than the broker firm.
Multi-managers want to see if there are further changes on the European desk.
“Now the regulator looks as though it will have a second life in light of the coalition, it might want to check that bond providers are being true to their word.”
HMRC apologises after incorrectly telling LV= that income drawdown investors could switch providers or buy an annuity before 55 without penalties.
The Ascentric sales and marketing director is driven by creating technology solutions for IFAs that keep pace with changing customer expectations.
Kevin Duffy believes David Cameron has done a stellar job with his Cabinet appointments.
As we wake up to a new dawn of shared Government, so too do we see exciting change and new players emerging in the world of financial services.
James Smith spends 10 minutes talking with SVM chief executive Colin McLean.
Thames River’s Gary Potter says it is arguably one of the toughest times on record to manage investment portfolios.
The coalition will axe compulsory annuitisation at 75 but there is scope for the rules to end up even more complicated.