23 June 2011
Tom Baigrie says consumers must be cautious of using certain advisers whose primary drivers are corporate, not professional, post-RDR.
Free, independent and unbiased advice? To quote Ricky Tomlinson in the Royle family, “My arse!”
John Greenwood warns the regulator could target regular-premium personal pensions retrospectively.
Ian Naismith says it is wrong to suggest that the more people earn, the more they save.
Ian McKenna says without embracing technology far more advisers might be lost due to RDR.
Peter Hargreaves says the FSA’s concerns over words like “guaranteed” mean advisers must be cautious with their recommendations to low-risk clients.
With auto-enrolment reforms on their way it would be a retrograde step if other people were simultaneously disengaged with pensions.
Labour MEP Peter Skinner says “kill it dead” rhetoric could cost UK influence in European negotiations.
John Cupis says that liquidity is an essential ingredient for a healthy mortgage market.
Alan Lakey says each declined critical illness claim eats away at the assertion that the protection industry treats customers fairly.
Neil McCarthy says the protection industry needs better processes to avoid the duplication and wasted cost of multiple propositions.
Rachael Adams spells out the facts behind the acronyms as fund managers look for the frontier markets that could be the next Bric.
HSBC is considering launching exchange traded funds covering Russia, India, emerging markets Europe and Civets.
The ABI has warned the PRA judgement-based approach to regulation could be unfairly retrospective and clash with European directives.
Rob Burdett questions the need for change across the managed sectors.
Alliance Trust is planning to launch an emerging market equity income fund as part of a trio of income products.
Advisers are warning that any Government move to scrap higher-rate pension tax relief would risk destabilising the savings infrastructure.
The FOS was landed with a deficit of £7.6m due to high-street banks’ failure to co-operate on payment protection insurance complaints.
Largest banks face an extra capital charge of 1 per cent to 2.5 per cent, on top of the minimum 7 per cent, under Basel III.
Italian central bank governor Mario Draghi has been appointed to become the next president of the European central bank.
Former NAPF chairman Robin Ellison says the “prohibitively high costs” of running an enhanced transfer value exercise mean they almost never provide value for money for employers.
Replacement for the FSA will increase the level of enforcement on the firms it regulates.
Financial Express is rebranding as FE in an attempt to unify its different products and prepare for overseas growth.
FOS chief executive Natalie Ceeney tells Natalie Holt that the regulator’s controversial decision to boost the ombudsman’s reserves with a £25m levy was vital
HM Revenue & Customs has called on IFAs to help it put together specific tax guidance relating to VAT and adviser remuneration.
Legal & General is adding an additional share class to its multi-manager fund range with an increased annual charge but no performance fee.
Leeds Building Society is recruiting for a new chief executive in the event that deputy chief executive David Pickersgill.
Around 12,000 NPI pension policyholders received annual projections twice their actual value after a system error.
“Sorry about that, my new boss was asking me to make him a brew.”
HMRC has criticised the FSA for its definition of platforms.
Strategic bond fund managers have become more cautious in their holdings in light of the unstable economic outlook.
Paul Thomas reports on why energy-efficient homeloans have failed to go mainstream.