22 September 2011
Gilchrist says new annuitisation rules mean clients see a devil-or-the-deep-blue-sea decision.
Mark Polson says Cofunds proposed pricing structure will not be the one that launches next summer.
Mark Dampier says he would be surprised if the problems in Europe continued to tread water for the next 12 months.
PFS chief looks to upcoming HMRC guidance on VAT.
Ian McKenna starts a new series focusing on how life companies and platforms are preparing for the RDR.
Advisers must ensure clients feel they are ahead of the game.
Last week’s consultation can be read as a 27-page rejection of industry arguments for a relaxation of its rules.
In response to last week’s open letters, Cicutti says deeply held consumer prejudices do not come out of nowhere.
Clients always want the best of both worlds but their expectations must be managed.
Sven-Goran Eriksson clones, Ming mannequins and Nick Clegg sing-alongs. MM reporter Steve Tolley’s Birmingham experience in pictures.
Steve Bee says the pressure is mounting on employers to conform to the new rules.
Trade body warns move to a more intensive mortgage application process under the mortgage market review could hit protection sales.
Trade body is considering developing a non-advised Amazon-style protection website.
Trade body says advisers should report doctors who do not provide GP reports within 21 days to the British Medical Association.
Research by Owen James shows that the average median revenue per adviser is £165,136 a year in the UK.
The FCA’s single strategic objective should be changed to maintaining a fair and transparent market for consumers, says Which?
The CII is calling on the FSA and MAS to proactively communicate the differences between simplified and restricted advice to consumers.
CMCs are looking to mortgages as a new boom area for misselling compensation but their tactics have been called into question.
Chief executive Martin Davis says the FSA will “inevitably” extend the platform rebate ban to life wrappers.
Co-operative Financial Services chairman Paul Flowers claims the mutual is the only “credible” bidder for the Lloyds bank branches.
Advisers are concerned that Cofunds’ unbundled pricing model will result in higher costs for consumers.
Jupiter fund manager significantly increases cash weighting to 10 per cent from 1.45 per cent in July.
The FSCS’s guarantee of bank deposits has not taken responsibility away from the consumer, according to replies to a question posed by a joint committee member.
Former Aegon Direct chief executive James Dean is developing an online and phone-based mass-market advice service.
Planwise offers “professional financial advice” to customers who no longer have IFA relationship.
The FSA is requiring wealth management firms to commission costly skilled persons reports.
Mark Neale says it is vital the FSCS new funding model treats small businesses fairly and is supported by the industry.
Body questions whether the regime will be profitable for firms.
Which? has called for financial institutions to link senior managers’ bonuses to the number of complaints against their company.
In an interview with MM, Cofunds chief rejects suggestions that Fidelity FundsNetwork upstaged its unbundled pricing model.
The director of Jargon Free Benefits believes his new venture will revolutionise IFA pension business models.
Toby Hobman has defended the use of the words free, unbiased and independent in its recent TV ad.
Norwich-based SG Wealth Management has bought the Ipswich firm of Stan Gaskin.
Skandia and Fidelity have both ruled out following Cofunds’ lead in asking fund managers for a clean share class.
Standard Life is considering launching an income version of its risk-rated multi-asset fund range MyFolio.
Kames Capital bond manager says he will not increase his underweight position in banks until ECB agrees to a round of QE.
Pensions minister Steve Webb has defended Nest’s cautious investment strategy.
Pensions minister says the Government should look at strategies to increase pension contribution levels after auto-enrolment has been introduced.