21 October 2010
Alan Lakey says losing Bupa’s CI plan will have a huge impact.
Stephen Greenstreet warns that an end to contracting out of DC schemes could see a deluge of people seeking transfer advice between now and April 2012.
The timing of the TSC’s sudden interest in the RDR has not been kind on Aifa.
Fidelity’s Paul Kennedy says canny planning of mainstream investments can mimic the soon to be extinct tax benefits of child trust funds.
“With the prospect of the average FSCS contribution going up by a factor of three, we have to ask, why are the definitions so loose or, worse still, so liable to casual interpretation?”
Last week’s headlines screamed of another tax hit for Middle Britain but, given economic conditions and the rules Labour was looking to introduce, a sensible compromise was reached.
John Lawson says the coalition has taken a common-sense approach on pensions.
Nic Cicutti says bringing back old-style mortgage indemnity guarantees could help frozen out borrowers.
Chris Gilchrist says the wealth manager tag is a dangerous one that some IFAs have simply added to their description.
The Association of British Insurers backs Money Marketing’s Pave the Way to Save campaign in Parliament.
Axa Wealth has backed calls by members of the UK Platform Group.
BlackRock is to increase its focus on investment trusts and is lining up a nationwide series of thinktank sessions for IFAs.
Fidelity fund manager Anthony Bolton delivers 1.7 times the returns seen on the benchmark index in his first six months.
Rate used to calculate public sector liabilities could be changed.
National Employment Savings Trust has been spared George Osborne’s axe
Chancellor announces accelerated state pension age rise
Faster shift to 68 would help fund universal basic state pension proposals.
Former compliance officer at Thornton’s Law, fined £35,000 for compliance failings over structured product sales, is now working at the regulator.
The Financial Ombudsman Service has described investing in Keydata’s Lifemark as “gambling” in a ruling against an IFA who invested a client in the firm.
Regulator says networks may struggle to manage the risks posed by the different ways their ARs use platforms.
FSA uses standard projection rate despite insisting that pension providers make and justify fund-specific growth rates.
BBC report suggests increase in minimum earnings threshold.
Settlement focuses on simplification for employers through self-certification and deregulatory measures.
CSR could cause 750,000 public sector job losses.
Kira Nickerson says there are growing fears of a bubble forming in one of the only asset classes on an upwards trajectory over the past few years - gold.
Chelsea Financial Services says there is no value in the strategy.
F&TRC managing director Ian McKenna says appointment sends “disturbing” message to IFAs.
Martin Lewis raises his concerns over the RDR with MPs.
TSC members outline major concerns about RDR impact and express frustration about the way IFA bodies responded to their grilling.
Auto-enrolment review panel says legislation should “make clear” ceiling will be removed.
Money Marketing’s campaign, Pave the Way to Save, was set up under the premise that we desperately need to create a better savings culture in the UK.
Fears over significant variations in wrapper and fund charges between providers.
The acquisition will complete subject to regulatory approval.
Rowanmoor warns that failure to consider Ssas’s could see IFAs face accusations of misadvice.
Final salary members face 1.6 per cent National Insurance hike.
Clients with assets on a platform are owned by the wrap provider and not by the adviser, according to Towry group chief executive Andrew Fisher.
Savers could face unexpected tax hit if PIP and tax year aren’t aligned