21 January 2010
AJ Bell says penal ASP rates are driving people into overseas pension schemes.
Aberdeen co-head of multi-manager Aidan Kearney says the firm is likely to ask the Investment Management Association to move its UK income fund back into the IMA UK equity income sector in March.
Advisers have hit out at the Acuity proposals to double director remuneration following the proposed merger of two venture capital trusts.
Specialist provider Altus Financial Products believes the FSA should restrict sales of structured products to sophisticated investors.
An HSBC bank employee in Hampshire has pleaded guilty to stealing £40,000 from an 90 year-old customer who suffered from dementia.
Peter Hargreaves believes it may be time to outlaw derivative income products.
Platform reshuffles senior management.
“After five years of mortgage regulation, what the regulator has not cleaned up has been largely seen off by the credit crunch.”
The DWP needs to convince people to save
The Financial Ombudsman Service will issue guidance to adjudicators on how to handle complaints regarding the suitability of the Aviva global balanced income fund sold by Barclays.
A Halifax employee who tricked an elderly customer out of money by forging her signature has been spared jail by;a crown court judge.
My own experience tells me that many people do not necessarily know what they want - or that what they want is actually highly contradictory
Could it be curtains for the tax on Asps?
With the general election looming, it is still difficult to predict how high up the political agenda pensions will appear.
Geoff Catterall says his firm is confident that wraps will feature strongly in a post-RDR world.
“Will January mark the real beginning of a new profession for those prepared to walk through the door?”
Former pensions minister Frank Field has warned The Pension Regulator that pension fund custodians are “gambling” with assets by loaning stock without trustees’ knowledge or consent.
Only 3 per cent of consumers would pay over £100 per hour for independent advice.
Tom Baigrie discusses the possible effect of a changing political climate.
“The financial advice practices really set to grow over the next 10 years will be those that can find ways of best communicating with large numbers of consumers via the new technologies.”
YouGov/Money Marketing research shows Aifa’s proposals for regulatory incentives would drive up professionalism.
Eighty three former Park Row advisers still awaiting reauthorisation.
Alan Lakey discusses possible regulatory protection problems that still remain due to the RDR.
Firm says there is nothing wrong with offering incentives to recommend in-house investment service.
Swip multi-manager head of distribution Bernard Henshall says the Ucits III rules should be an opportunity for fund managers to redefine the balanced managed sector.