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23 September 2009

Money Marketing

  • Website Comments

    24 September 2009

    On whether the EU will force a separation of advice, intermediation and distribution

  • £5M budget to boost protection

    24 September 2009

    The consumer protection insurance engagement campaign has set a budget of £5m to fund its public awareness initiative.

  • 100% Loan for shared equity

    24 September 2009

    Mansfield Building Society is offering 100 per cent shared ownership mortgages. The deal, with South Yorkshire Housing Association, offers first-time buyers a 100 percent mortgage on 60 per cent of a property's equity.

  • 15K advisers on the road to level four

    24 September 2009

    More than 15,000 advisers are on the road to getting QCF level four qualifications using the learning academies of Scottish Widows, Aviva, Positive Solutions and SimplyBiz.

  • 2Plan nears Park Row deal

    24 September 2009

    2Plan Wealth Management says it is close to finalising a deal to take on Park Row's 240 advisers in a bulk transfer.

  • Abbey For Intermediaries -Homebuyer Plus Two-Year Tracker

    29 September 2009

    Abbey For IntermediariesHomebuyer Plus Two-Year Tracker

  • Abbey launches adviser-only range

    25 September 2009

    Abbey for Intermediaries has launched a adviser-only mortgage range that will be the first in the intermediary market to offer free legal costs and valuation.

  • Add to Options

    24 September 2009

    The Options' initiative, designed to improve the experience of buying an annuity, has been running for nine months and is a success for providers, advisers and consumers.

  • Advice on advice

    24 September 2009

    I am thinking about transferring my deferred final-salary pension and an old personal pension plan into an execution-only online self-invested personal pension so that I have greater control over the investment of these funds. Do I need to take advice first?

  • Adviser Fund Index

    24 September 2009

    On September 9, the FTSE 100 hit 5,000 for the first time in 11 months, buoyed by a combination of positive figures on UK exports and manufacturing and investment banks welcoming 'the return of the deal' as Kraft bid £10bn for Cadbury. But is this the beginnings of a recovery or merely a market rally? Adviser fund index panellists are sceptical.

  • Aifa warns FSA over corporate pensions RDR proposals

    25 September 2009

    The Association of Independent Financial Advisers has warned the FSA that the retail distribution review proposals for the corporate pensions market risk restricting access to advice.

  • Alternative asset providers stage mock court trial

    28 September 2009

    Alternative asset providers are staging a mock court trial to make the case for absolute return funds, structured investments, exchange traded funds, commodity funds and thematic funds.

  • Altmann says personal accounts should be halted

    25 September 2009

    Pensions consultant Ros Altmann says the delay to the implementation of auto-enrolment offers an opportunity to rethink the personal accounts scheme altogether.Altmann says the whole policy should be put on hold while a proper re-assessment is conducted and says personal accounts have the potential to make pension provision worse rather than better in future.

  • Arc keeps options open for investors

    28 September 2009

    Arc Capital and Income has established the Arc protected FTSE growth plan, a FTSE 100 linked capital-protected bond that provides two options with different levels of capital protection and returns.

  • Aviva appoints head of Europe to board

    29 September 2009

    Aviva has appointed the chief executive of its European business Andrea Moneta to the group's board.

  • Axa scrapping five pension products

    24 September 2009

    Axa Wealth is closing five of its pension products - the stakeholder pension plan, personal pension plan, Sipp, retirement solutions product and trustee investment plan.

  • Axa Winterthur Wealth Management - Family Suntrust

    28 September 2009

    Axa Winterthur Wealth ManagementFamily Suntrust

  • BDO launches UK commercial property fund

    23 September 2009

  • Blip or flip?

    24 September 2009

    Halifax recently reported a slight improvement in house prices and Nationwide and Land Registry have both also reported house price rises in recent months. However, Jones Lang Lasalle and Ernst and Young have both said this is a temporary blip. What is your view on UK housing market?

  • Bluefin Advisory Services makes £41.5m loss due to acquisitions

    25 September 2009

  • Bluefin restructures private client business

    29 September 2009

    Bluefin Advisory Services is restructuring its private client operation to focus on a fee-based model across all services.

  • BoE economist warns against too much QE

    25 September 2009

    Bank of England chief economist Spencer Dale has warned that there is a danger of creating a new bubble in the markets if quantitative easing is over-used.

  • BPP publishes CII diploma study aides

    28 September 2009

    BPP Learning Media is launching a new range of study materials to support the Chartered Insurance Institute’s diploma examinations.

  • Bravura Solutions appoints Ironbridge duo to board

    23 September 2009

    Bravura Solutions has appointed Ironbridge managing partner Neil Broekhuizen to its board of directors.

  • Bright Grey pays 90% of CI claims

    29 September 2009

    Bright Grey paid out 90 per cent of all critical illness claims during the first half of 2009.

  • Bupa director of group risk leaves firm

    29 September 2009

    Bupa director of group risk Graham Clark is leaving the insurer.

  • Burgess buys life office as base to launch cover range

    24 September 2009

    British Insurance co-founder Sara Burgess has bought Reliance Mutual subsidiary The British Life Office and plans to launch a suite of protection products by the end of the year.

  • Burgess buys life office for protection launch

    23 September 2009

    British Insurance co-founder Sara Burgess has acquired Reliance Mutual subsidiary The British Life Office and plans to launch a suite of protection products by the end of the year.

  • Cable says CGT on homes would be a brave move

    24 September 2009

    Liberal Democrat Shadow Chancellor Vince Cable has admitted he could have been "braver" with his proposed tax on £1m homes by instead suggesting the party could have introduced capital gains tax on all residential properties.

  • Capita staff on two-day strike

    23 September 2009

    Capita employees in its Glasgow office are planning strike action today and tomorrow over pay and pensions.

  • Caveat no-more?

    23 September 2009

    The industry has failed to convince the FSA that there is a united desire for increased consumer responsibility, so firms are going to be forced to continue carrying the full burden of advice.

  • Cayman Islands budget delayed

    28 September 2009

  • Cazenove diversifies with Occam fund

    24 September 2009

    Cazenove's multi-manager team has added the Occam global emerging markets fund to its diversity fund because it favours hedge fund managers that can quickly reduce risk in their portfolios.

  • Cicero Labour blog: Brown straight into action

    28 September 2009

    Well - you have to give it to Gordo - he wasted no time at all in announcing new policies.

  • Cicero Labour blog: Delegates face the inevitable

    28 September 2009

    One day in and there is a palpable sense of inevitable defeat for Labour looming throughout the conference.

  • Cicero Labour blog: Gordon- where were the cuts?

    29 September 2009

    Well - you've got to give it to Gordon - he pulled his biggest speech out of the bag with his most powerful ever address to a Labour conference.

  • Cicero Labour blog: Govt still not telling the truth on pensions

    28 September 2009

    As a veteran of many Labour Party conferences, it never feels like I've arrived until I have suffered my first pensions fringe meeting. Pension reform might not be centre stage this year but, oddly enough, the debate is more important now than it has been for many years.

  • Cicero Lib Dem blog: Property tax breaks up the party

    23 September 2009

    What’s all this? There was a touch of excitement in Bournemouth on Tuesday. The day started with an unintentionally hilarious Today Programme head-to-head between Tory Chairman Eric Pickles and the Lib Dems’ Chris Huhne. Mr Huhne did his best attack dog impression – criticising the Conservatives for cosying up to climate change deniers, homophobes and racists in the European Parliament. I’ll say that again. Climate change deniers! Pickles accused Huhne of playing hard to get. As I said, ...

  • CII calls for associates to become examiners

    24 September 2009

    The Chartered Insurance Institute is offering associates the chance to earn money and gain continuing professional development points by becoming examiners.

  • Commercial mortgage enquires rise steeply

    28 September 2009

    Interest in commercial mortgages increased by nearly a half over the summer, according to Mortgages For Business.

  • Commercial property sprouting growth

    24 September 2009

    Green shoots in commercial property are emerging and an upturn in prices is expected to continue for some time, according to Prudential director of investment John Betteridge.

  • Complain sailing

    24 September 2009

    The recent naming and shaming exercise carried out by the Financial Ombudsman Service revealed the companies that get the most complaints.

  • Confused tribe is the top target for cover campaign

    24 September 2009

    The primary target audience for the consumer protection insurance campaign should be the 15 million UK consumers that market research has categorised as "confused and disengaged", many of whom already own some form of protection product.

  • Conjuring up growth

    24 September 2009

    There has been a rapid turn-round in European equities since early March, with the market surging by more than 40 per cent from the low. Risk appetite - absent for months - has been resurgent.

  • Corporate bonds - still fair value?

    28 September 2009

    The corporate bond sector swallowed £338m in August, enjoying its tenth consecutive month as top selling sector - but has credit run its course?

  • Corporate bonds “less attractive”, says Schroders’ Purves

    23 September 2009

  • Court passes Aviva's orphan cash deal

    24 September 2009

    Aviva's reattribution deal has been approved in a High Court ruling despite strong objections from the Norwich Union Policyholders' Action Group.

  • Cowdery fears over cutting tax credits for low-earners

    24 September 2009

    Resolution Foundation chairman Clive Cowdery says he is concerned about future Governments cutting tax credits for low to middle-income earners in a bid to reduce public spending.

  • Critical maths

    24 September 2009

    Investment is the core of financial planning, so I believe the new exams for advisers should give it greater emphasis. Taking out a mortgage is largely an investment decision, so is buying term insurance. But I fear that, like regulators, whose favourite tool is the rear-view mirror, examining bodies will place too much emphasis on the theory of investment rather than the practice.

  • Degree of belief

    24 September 2009

    I recently completed an honours degree in financial services management, graduating in July 2009. The degree course was completed by distance learning over two years while running my business and managing family commitments.

  • Dentons looks to buy Sipp firms

    24 September 2009

    Dentons Pensions Management is on the acquisition trail and is holding talks with a Sipp provider. Dentons has launched two new products, the flexible pension scheme Sipp which allows the use of scheme pension and a lower-cost single-portfolio Sipp.

  • Deutsche Bank -db x-trackers II iBoxx $ Treasuries Total Return Index ETF

    25 September 2009

    Deutsche Bankdb x-trackers II iBoxx $ Treasuries Total Return Index ETF

  • Deutsche Bank -db x-trackers II iBoxx £ Gilts Total Return index ETF

    25 September 2009

    Deutsche Bankdb x-trackers II iBoxx £ Gilts Total Return index ETF

  • Deutsche Bank -db x-trackers II iBoxx Euro Sovereigns Eurozone Total Return index ETF

    25 September 2009

    Deutsche Bankdb x-trackers II iBoxx Euro Sovereigns Eurozone Total Return index ETF

  • Deutsche Bank -db x-trackers II USD IG Inflation-linked Treasuries Total Return Index ETF

    25 September 2009

    Deutsche Bankdb x-trackers II USD IG Inflation-linked Treasuries Total Return Index ETF

  • Dual model would rebrand IFAs

    24 September 2009

    IFAs should make the most of the opportunity to move to a model that is whole of market on investments but restricted on protection under the RDR, says Succession Advisory Services chief executive Simon Chamberlain.

  • Easing the exit

    24 September 2009

    One of the key differences between the UK and the US's quantitative easing programmes is that virtually all of the Bank of England's purchases have been gilts whereas the US Federal Reserve has used a lot of its ammunition to buy residential mortgage-backed securities.

  • EC announces plans for three new pan-EU regulatory bodies

    24 September 2009

    The European Commission yesterday published draft legislation to create three pan-European bodies including a new European Systemic Risk Board, to detect risks to the financial system as a whole.

  • Elevate adds Miton funds to platform

    28 September 2009

    Axa Distribution Services has added a range of Miton funds to its Elevate platform.

  • Engine room

    24 September 2009

    Readers of my column will know how keen I have been on corporate bonds over the last year or more. I admit I was little bit too early with some of my recommendations, but the rally we have seen since March in corporate bonds should mean that most people are now in profit. The question I am constantly being asked at the moment is whether the rally is over or if corporate bonds is still a buy.

  • Equity release shifting to independent advisers

    24 September 2009

    KRS director Dean Mirfin believes market withdrawls indicate a move towards independent advice.

  • EU likely to water down Solvency II proposals

    29 September 2009

    Draft European Union solvency rules that could force UK insurers to raise up to £50bn worth of capital are likely to be watered down.

  • Executive decision

    24 September 2009

  • Executive director role for Earls

    24 September 2009

    Equitable Life has appointed Mark Earls as executive director. He joined Equitable in 2002 as head of operations and programmes.

  • Factoring ban most harmful to consumers, say IFAs

    25 September 2009

    Advisers believe the RDR’s higher qualifications are most likely to benefit consumers, while the ban on provider factoring will be the most harmful, according to Aegon’s latest IFA Insights survey.

  • Family Suntrust will have select appeal

    29 September 2009

    Axa Winterthur Wealth ManagementFamily Suntrust

  • Fitch says UK AAA status at risk without cuts

    24 September 2009

    Fitch Ratings has warned that the UK will put its AAA status at risk if it does not announce significant public spending cuts in the pre-Budget report.

  • Five-year tracker caps at 5.5%

    24 September 2009

    A City currency manager has launched a five-year tracker mortgage capped at 5.5 per cent, regardless of future rate changes.

  • Flexibility factor

    24 September 2009

    Our investment process is primarily focused on identifying fund managers through face-to-face meetings and rigorous analysis but we also recognise the importance of asset allocation in portfolio construction. This has been particularly salient over recent times.

  • For better or worse

    24 September 2009

    It was with sadness and incredulity that I sat down on a summer's morning to begin reading the latest FSA update, annual report 2008/09. My heart sank as 124 pages downloaded before my eyes.

  • FOS developing PPI complaint questionnaire

    29 September 2009

  • Freedom Sipp hearing pushed back to October

    23 September 2009

  • FSA abandons further caveat emptor plans

    23 September 2009

    The FSA says the industry has failed to reach a consensus on how much consumer responsibility should apply to financial decisions, leading it to abandon plans to shift some responsibility from firms to consumers.

  • 'FSA against small advisers'

    24 September 2009

    Pension consultant Ros Altmann says the FSA is hampering IFAs from giving good advice by penalising small firms and favouring bancassurers.

  • FSA fee plan will isolate ordinary people

    24 September 2009

    I note that the issue of commission v fees is becoming increasingly important and my own experience with Keydata's administration illustrates a very important point.

  • FSA forces PPI firms to reopen 185,000 rejected complaints

    29 September 2009

    The FSA is forcing firms that sold PPI to review 185,000 previously rejected complaints and redress any consumers who have been missold under new guidance.

  • FSA sparks product regulation concerns

    24 September 2009

    The financial services industry has warned the FSA of the dangers of widespread pension and investment product regulation.

  • FSA to ban high pressure selling of sale and rentback schemes

    28 September 2009

    The FSA has today set out a new proposals that will ban “exploitative advertising and high-pressure sales techniques” in the sale and rentback market.

  • FSSC diploma offering first steps to an IFA apprenticeship

    24 September 2009

    The Financial Services Skills Council believes that the new diploma in business, administration and finance is an ideal qualification for students who want to go on to take an IFA apprenticeship.

  • FTSE 100 to hit 5,500 soon, says Henderson's Harris

    24 September 2009

    Henderson New Star multi-manager Mark Harris says he expects the FTSE 100 to reach 5,500 in the next couple of months.

  • Gartmore appoints Julia Campbell as senior credit analyst

    24 September 2009

    Gartmore has appointed Julia Campbell as senior credit analyst.

  • Gartmore gets active in US

    24 September 2009

    Gartmore's multi-manager team has replaced a US exchange traded fund with an actively managed US fund to reflect its more positive outlook for the US economy.

  • Get to core in schools

    24 September 2009

    Matt Morris (The Knowledge Gap, Money Marketing, September 17) suggests no one seems to know what the current policy on personal finance education is.

  • Gilliat Financial Solutions - Lock-In Growth Series Issue 1

    29 September 2009

    Gilliat Financial SolutionsLock-In Growth Series Issue 1

  • Gilliat makes structured product debut

    25 September 2009

    Gilliat SolutionsIncome Series Issue One

  • Goal keeping

    24 September 2009

    When you run a business, it is easy to get caught up in the day-to-day challenges and lose sight of the bigger picture.

  • Govt begins search for chair of personal accounts

    24 September 2009

    The Government has kick-started the search for the chair of the trustee corporation that will run the personal accounts scheme.

  • Govt confirms doubling of auto-enrolment timetable to 2015

    24 September 2009

    The Government has confirmed today that it has doubled the timescale to be auto-enrolled into personal accounts from April 2014 to October 2015.

  • Govt launches final auto-enrolment consultation

    24 September 2009

    The Government has today launched its final consultation on auto-enrolment regulations to gather feedback from employers and the industry.

  • Govt tightens mortgage repossession rules

    29 September 2009

    The Government has further tightened mortgage repossession rules by forcing lenders to engage with local authorities before taking any legal action.

  • Graduates aim to lead teams of advisers

    24 September 2009

    University graduates who set up IFA firms are leading a trend towards business models where the proprietor does not offer advice but oversees a team of advisers and back-office staff, according to Axa Elevate.

  • Hard-hitting or gently does it?

    29 September 2009

    Last week Money Marketing revealed details of the industry-wide protection campaign, which has set itself a budget of £5m to fund a public awareness initiative.

  • Henderson New Star - New Star European Special Situations Fund

    28 September 2009

    Henderson New StarNew Star European Special Situations Fund

  • High Court rejects default retirement age challenge

    28 September 2009

    Employers will still be able to force workers to retire at 65 after a High Court judge rejected a challenge to the default retirement age last week.

  • HSBC to increase 90% lending by £500m

    29 September 2009

    HSBC has revealed it will be lending an additional £500m to home buyers with just 10 per cent deposit.

  • IFA faces Dutch threat over passporting fee

    24 September 2009

    Philip J Milton & Company is being threatened with legal action by the Dutch regulator for unpaid Mifid fees despite never having had any clients in the Netherlands and only being registered under the passporting scheme for two months.

  • IFAPAC petitions for FSA management change

    28 September 2009

    The Independent Financial Advisors Political Action Committee is petitioning Gordon Brown to change the senior management at the FSA, which it says has failed in its job to protect the financial well-being of consumers.

  • IFP sets out clear definitions for paraplanner qualification

    24 September 2009

    The Institute of Financial Planning has produced a draft syllabus for the paraplanner qualification which it is launching in October.

  • Image problem still holds back sales

    24 September 2009

    Pensions Policy Institute says equity release is likely to boom although the sector is being held back due to its bad image.

  • In Partnership appoints Mark Pittaccio as investment director

    24 September 2009

    In Partnership has appointed Mark Pittaccio to its board as investment director.

  • Informed Choice to recruit seven more planners

    24 September 2009

    IFA firm Informed Choice is planning to recruit seven additional financial planners in the next 18 months.As part of its strategic growth plans, the Surrey-based business intends to recruit two more financial planners before the end of this year and a further five in 2010.

  • IntelliFlo expands mortgage team

    29 September 2009

    Software provider IntelliFlo has made two senior appointments to bolster its mortgage team.

  • iShares expands fixed income ETF range

    28 September 2009

    Exchange traded funds provider iShares has launched four corporate bond ETFs and five accumulating versions of its largest core equity benchmarks on the London Stock Exchange.

  • JPM Asset Management CEO joins investment arm

    29 September 2009

    JP Morgan Asset Management chief executive officer Jes Staley is moving to the firm's investment banking business.

  • Just Retirement sold for £230m

    25 September 2009

    The directors of Just Retirement have agreed to recommend an offer by private-equity firm Permira to acquire the firm for £229.6m.

  • L&G marketing head leaves

    23 September 2009

    Legal & General marketing and channel development director Alan Ferguson is leaving the provider next month.

  • L&G prepares to ward off Resolution bid

    28 September 2009

    Legal & General has prepared a defence document to ward off a takeover approach from Resolution, according to reports.

  • L&G tracks Investec funds

    25 September 2009

    Legal & General has introduced the fund tracker capital guaranteed bond, which is linked to the performance of the Legal & General Investec moneybuilder fund.

  • Labour conference: Brown pledges Post Office banking

    29 September 2009

    Prime Minister Gordon Brown has pledged to put Post Offices at the centre of local UK banking.

  • Labour conference: Brown to give FSA powers to fine banks over bonuses

    27 September 2009

    Prime Minister Gordon Brown has created a new Business and Financial Services Act which will ban excessive bank bonuses and will give the FSA powers to impose penalties on firms that do not comply.

  • Labour conference: Mandelson says election is "up for grabs"

    28 September 2009

    Business secretary Lord Mandelson says the next election result is "not cut and dried" and that Labour still has a fighting chance of winning.

  • Labour conference: Tories misunderstood the crisis, says Darling

    28 September 2009

    The Conservatives misunderstood the causes of the crisis, underestimated its severity and opposed measures to limit its impact, the Chancellor Alistair Darling has claimed.

  • Lakey quits defence union after strategy split with Owen

    24 September 2009

    IFA Defence Union chairman Alan Lakey has quit after a row with founder and former chairman Evan Owen over the future management of the group.

  • Lead firm fails on cash pledge

    24 September 2009

    Lead generation company SMS Signals has yet to honour a money-back guarantee given to 10 advisers after failing to provide them with leads.

  • Legal & General - Capital Protected FTSE Bonus Plan 1

    25 September 2009

    Legal & GeneralCapital Protected FTSE Bonus Plan 1

  • Lehman loss looms for L&G clients

    24 September 2009

    Around 1,300 investors in a Legal & General structured product backed by Lehman Brothers may not recover the 20 per cent of their investment lost when the bank collapsed.

  • LibDems in scathing attack on Osborne

    24 September 2009

    LibDem Treasury spokesman Lord Oakeshott has launched a scathing attack on Conservative Shadow Chancellor George Osborne, claiming that the City does not believe he is up to the job.

  • Lighthouse back in profit

    24 September 2009

    Lighthouse Group made a profit of £56,000 for the first half of this year, down from £442,000 profit in the first half of last year but a turn-round from losses of £8.5m at the end of 2008.

  • Liontrust sees £924m outflows

    23 September 2009

    Liontrust has reported £924m of net outflows as part of its half-year trading statement.

  • Lloyds leads way back with RMBS

    24 September 2009

    Lloyds Banking Group has become the first bank to issue a prime residential mortgage-backed security in over a year. The £2.82bn deal will be made up of prime mortgages from Halifax.

  • Loss of James Hay contract contributed to GBST loss

    23 September 2009

    GBST Wealth Management, formerly Infocomp, has said the cancellation of the James Hay contract in December 2008 contributed to its 44 per cent drop in earnings before interest, taxes, depreciation, and amortisation during the 2009 financial year.

  • Low satisfaction for bailed-out banks

    24 September 2009

    Customers of the state-owned mortgage banks are among the most dissatisfied of all UK borrowers, a survey by Which? has found.

  • LV= hires Brian Lentz for product development role

    24 September 2009

    LV= has appointed ex-IFA Brian Lentz as its new product development manager.

  • Macquarie to expand offshore/Oeic offering in UK

    23 September 2009

    Macquarie is looking to expand its current Oeic and offshore product range for UK investors.

  • Manager focus: Alex Breese

    25 September 2009

    Alex Breese, the manager of the Neptune UK Special Situations fund, remains a strong supporter of financials, holding 25% of his fund in the sector.

  • Martin Currie appoints Brendan Bryce

    23 September 2009

    Martin Currie Investment Management has appointed Brendan Bryce as global head of advisory compliance within its risk and compliance team.

  • Matters of state

    24 September 2009

    One of the fundamental issues that an adviser needs to consider with clients approaching retirement is their entitlement to state pension benefits, making sure they will receive all they are entitled to and also considering whether there are benefits in buying added years to increase the basic state pension of those who have a broken record of National Insurance contributions.

  • McLean slams unfair MVRs

    24 September 2009

    The Pensions Advisory Service has attacked insurers for not being transparent about market value reductions on with-profits policies.

  • Men from Atlantis

    24 September 2009

    Asian specialist Atlantis launched in 1994, with its three initial managers seeking greater investment flexibility than they had at previous employer Schroders.

  • Meteor Asset Management - International Income Plan 2

    25 September 2009

    Meteor Asset ManagementInternational Income Plan 2

  • Metlife and Co-op go live on Options

    24 September 2009

    Metlife and Co-operative Financial Services are to go live with the Options' transfer service before the end of the month.

  • MM leader: Price worth paying for protection push

    24 September 2009

  • Mortgage adviser used ID data for £170k frauds

    24 September 2009

  • Mortgage approvals up 81%, says BBA

    23 September 2009

    The number of mortgage approvals in August was up 81 per cent compared to the same period last year, figures from the British Bankers’ Association reveal.

  • Mortgage Backed green shoot

    25 September 2009

    Lloyds launched its first mortgage-backed security for more than a year - is this the first real green shoot?

  • Mortgage lending up £1bn

    29 September 2009

    Mortgage lending went back into positive figures this month rising by more than £1bn, according to the Bank of England.

  • MPC unanimous over base rate freeze

    23 September 2009

    The Bank of England's Monetary Policy Committee voted unanimously to keep the base rate at 0.5 per cent this month.

  • Multiple choice

    24 September 2009

    Twelve months after the collapse of Lehman Brothers, market volatility is now back to pre-crisis levels, meaning investors can sensibly deploy risk capital. This has driven significant inflows to risk assets, with equities and corporate bonds the notable beneficiaries.

  • Net retail sales hit August record, IMA stats

    28 September 2009

    Net retail sales for funds hit a record £2.2bn in August, according to the latest figures from the Investment Management Association.

  • New FSA guide offers employers talking cure for staff pensions

    24 September 2009

    The Pensions Regulator and the FSA have published a new information leaflet designed to help employers talk to staff about the merits of their pension scheme.

  • Now the CTF is seven

    24 September 2009

    The child trust fund generated a fair amount of interest when it was launched and, at least for a little while, generated some interest among financial advisers - especially in connection with the additional investments that could be made into the CTF account.

  • Nucleus co-founder Philip Martin joins F&C

    25 September 2009

    Nucleus co-founder Philip Martin has been appointed as F&C head of proposition for its UK retail business.

  • Pain warns Solvency II poses threat

    24 September 2009

    FSA managing director of retail markets Jon Pain says Solvency II is "a potential timebomb" for the pension market.

  • Party is over for bankers, says Darling

    24 September 2009

    Chancellor Alistair Darling has told bankers that the party is now over as the UK looks to work its way out of the recession.

  • Passive route to keep costs low

    24 September 2009

    Advisers should be looking to passive investments to reduce investment costs and maximise earnings, according to Taxbriefs editorial director Danby Bloch.

  • People on the move

    24 September 2009

    InvestmentSkandia Investment Group chief executive Jamie Macleod has stepped down from his role and left the business. Macleod is succeeded by Nils Bolmstrand, who has been with SIG since its inception in October 2007. Bolmstrand was responsible for product development, distribution, and managing relationships with fund groups internationally.

  • Phoenix GAR vote

    24 September 2009

    Phoenix is preparing to ask some policyholders with guaranteed annuity rates to vote on removing the GAR. It says removing the GAR will allow it to increase the current fund value of policies and the equity-backing ratio, leading to improved retirement benefits for policyholders.

  • Pos Sol chief operating officer to leave

    28 September 2009

    Positive Solutions chief operating officer Greg Carter is leaving the national IFA.

  • Pound falls after King visits negative rate Swedish bank

    29 September 2009

    The pound dropped yesterday after the Bank of England confirmed that governor Mervyn King had met Swedish officials who have recently set negative bank rates, according to the Daily Telegraph.

  • PPI redress could cost industry £232m

    29 September 2009

    The FSA’s decision to force firms that sold PPI to review 185,000 previously rejected complaints and redress any consumers who have been missold policies could cost the industry up to £232m.

  • Pressure points

    24 September 2009

    Rising cost pressures on product providers from a number of different areas higher fund charges across the board. Margin pressures are hardly a new issue for fund groups but it is rare for providers to contend with so many issues in combination.

  • Prices could take a knock

    24 September 2009

    The recent rally in house prices has given many people hope that the housing market is out of the woods and on the path to recovery.

  • Private equity firm buys Network Data

    24 September 2009

    The Phoenix Group has bought the remaining assets of Network Data. Phoenix, a private equity group that owns several financial services firms, has bought the IT and admin systems as well as client bank of the defunct mortgage network.

  • Profits set to show 25% rise

    24 September 2009

    Transact estimates it will see a 25 per cent rise in profits from £11.2m to £14m in its 2008/09 results, which are due to be published next week.

  • Protection providers assess benefits of £5m campaign

    24 September 2009

    The consumer protection and insurance engagement campaign has revealed plans for a £5m hard-hitting media campaign to promote the need for protection.

  • RBS to sell asset management assets

    28 September 2009

    Royal Bank of Scotland is selling the majority part of its £50bn asset management arm in an effort to minimise its dependency on the Government, according to reports.

  • RDR will end conflicts of interest

    24 September 2009

    Aviva director of distribution development Steve Gay believes the RDR will be successful in making the IFA industry a profession by removing conflicts of interest from remuneration and raising standards of qualifications and ethics.

  • 'Regulator failed to focus on banks' liquidity crisis'

    24 September 2009

    Former FSA managing director Clive Briault says advisers would be largely unaffected by Conservative proposals to scrap the FSA, describing their proposed split between prudential and conduct of business regulation as "moving deckchairs".

  • Regulators warn on misleading online use of IFA brand

    23 September 2009

    The FSA and the Office of Fair Trading have warned financial firms against the use of false or misleading keywords, such as independent financial advice, within their websites to boost their search rankings.

  • Remutualise Rock, says BSA

    28 September 2009

    The Building Societies Association is urging the Government to remutualise Northern Rock.

  • Residential rental market stabilising, says Arla

    28 September 2009

    The residential rental market is beginning to stabilise with property oversupply decreasing across the UK, according to the Association of Residential Letting Agents.

  • Revenue probes bank on China link

    24 September 2009

    Lloyds Banking Group is facing an investigation by HM Revenue & Customs following allegations that wealthy clients are being encouraged to avoid UK taxes by channeling money through China.

  • Revival timing

    24 September 2009

    Mutterings from fund management companies in the City suggest that commercial property could be the jewel in the recovery crown.

  • RGA UK announces raft of new appointments

    24 September 2009

    RGA has appointed David Gulland as its new managing director of RGA UK.

  • Risk-taking returning to normal after decade of excess

    24 September 2009

  • Ron Sandler appointed chairman of Pearl

    24 September 2009

  • Rooftop offers 15% golden goodbye discount deals

    24 September 2009

    Rooftop Mortgages is offering clients discounts of up to 15 per cent to encourage them to remortgage with another lender.

  • Saffron latest to pull out of equity release

    28 September 2009

    Building society says it has reached a satisfatory level of lending for the year.

  • Scor Global Life UK appoints new chief underwriter

    24 September 2009

    Scor Global Life UK has appointed Phil Cleverly as its chief underwriter.

  • Scoring on the rebound

    24 September 2009

    Having engaged in what I consider to be merely a little realism recently - pouring cold water on all those pointing to the re-emergence of growth in the economy - I was bound to get my comeuppance.

  • Sequel funds aim for low costs

    24 September 2009

    Foster Denovo has linked up with Allium Capital to set up a new investment company.

  • Should we reform the reforms?

    24 September 2009

    The Centre for Policy Studies is calling on the Government to boost the state pension 10 years after retirement and encourage retirees to spend the majority of their savings on their first 10 years of retirement.

  • Shriti Vadera resigns as small business minister to join G20

    25 September 2009

    Baroness Shriti Vadera has resigned from her position as small business minister to become a full-time adviser to the G20.

  • Sipp-to-sipp transfers

    24 September 2009

    Rules are rules and exceptions to them generally create anomalies. Take the current situation with mortgaged properties being transferred from one Sipp provider to another.

  • Skandia enhances portfolio tool

    23 September 2009

    Skandia has enhanced its portfolio building and monitoring tool with the addition of new features from Financial Express and Old Broad Street Research.

  • Standard Life and M&S pension schemes get Napf quality mark

    24 September 2009

    Standard Life and Marks & Spencer are among the first of seven companies to be awarded the new pension quality mark, which was launched last week by the National Association of Pension Funds.

  • Standard Life Investments bolsters global fixed income team

    28 September 2009

  • Standard Life may sell banking arm

    28 September 2009

    Standard Life is understood to be looking at selling its banking arm with Barclays Bank believed to be the frontrunner.

  • Stonewater Wealth Management selects Novia wrap

    24 September 2009

    IFA firm Stonewater Wealth Management has chosen Novia as its new wrap provider.

  • Structured sceptics

    24 September 2009

    Structured products have a place in today's market but advisers are not generally recommending them to clients, according to panellists at the Money Marketing RDR and Economic Update last week.

  • Structured view: Can investors use the secondary market to their advantage?

    29 September 2009

    “Just because these investments are designed to be held, doesn’t mean investors don’t have the choice to redeem their investment early.”

  • Succession selects Praemium to provide discretionary platform service

    25 September 2009

    Succession Advisory Services has chosen Praemium to provide a discretionary platform service to its investment matrix members.

  • Summer break

    24 September 2009

    Another interesting time for financial services. Looking back a year on from Lehman, we are well beyond the total panic of Armageddon that took hold last year and continued in a variety of forms until early March, when Western stockmarkets took off for one of the longest rallies ever - worryingly, the longest since the big bear rallies of the early 1930s.

  • Swip returns to property

    24 September 2009

    Swip's multi-manager team has introduced its first position in the property market since launching its fund range in December 2007.

  • System selection

    24 September 2009

    There is one decision that will have a greater impact than anything else on the future growth and profitability of an adviser firm - choosing the right client management system.

  • Thanks for the memories

    24 September 2009

    Crumbs, has it really been a year since Lehman Brothers ceased to be? Doesn't time fly when you are in the middle of a credit crisis? I suppose it falls to me to write a few words on the subject. After all, it's not as if there has been much in the media about it, has there?

  • The high street of shame

    24 September 2009

    This week, I had intended to pen a quick review of Peter Hargreaves' new book, In for a Penny.

  • The magic numbers

    24 September 2009

    Derren Brown's recent dalliance with the lottery reminded me how numbers can confuse and mystify even the sharpest individual.

  • 'The most positive development I have seen in the industry'

    24 September 2009

    Kevin Carr, director of protection, Pru Protect "This campaign is one of the most exciting and positive developments I have seen in the protection industry. To get 22 insurers this far is a great success and the first phase has delivered a highly intelligent and professional piece of work that quite possibly would not have otherwise existed.

  • The next level

    24 September 2009

    A couple of weeks ago, Chris Cummings' column covered his recent experience in Brussels and the EU proposals for a new regime for packaged retail investment products. While the thrust of his article was about well-meaning but amateur lobbying, I would also like to draw your attention to work going on in Europe on professional standards and qualifications.

  • There's a bear in the house

    24 September 2009

    Halifax and Nationwide continue to report house price growth but there are warnings that prices are set to falter as the recession drags on.

  • Tim Johnson

    24 September 2009

  • Tory candidate warns of RDR destruction

    23 September 2009

  • Towergate to rebrand IFA firms

    25 September 2009

    Towergate is set to rebrand the nine firms it took under its wing when its financial services arm folded in June.

  • Training drivers

    24 September 2009

    Recruiting good quality staff is a perenial problem for many businesses but graduate recruitment offers one potential solution.

  • Transact to offer regular savings plan

    24 September 2009

  • Transfer times cut by three weeks in a year

    24 September 2009

    The average open market option transfer time using the Association of British Insurers' Options programme increased by 44 per cent to 11 days in the second quarter of this year with some providers taking nearly four weeks to process transfers.

  • Treasury appoints new APS chief

    25 September 2009

    The Treasury has appointed Stephen Wilcke as the new chief executive of the Asset Protection Agency, which will run the Asset Protection Scheme.

  • Treasury minister's adviser brother ordered to repay fraud proceeds

    28 September 2009

  • Turner warns against regulation overkill

    23 September 2009

    FSA chairman Lord Adair Turner has warned against regulatory overkill as the watchdog looks to stem over-complicated financial products.

  • Veritas launching China fund

    24 September 2009

    Veritas Asset Management is launching a long/short China fund next month. It will be managed by Ezra Sun and will target an annual return of 15-20 per cent.

  • Webb hits out at 'glib' Tory pension ideas

    24 September 2009

    Liberal Democrat Shadow work and pensions minister Steve Webb has accused the Conservatives of coming up with glib solutions to the public sector pension timebomb.

  • Which? calls for "tough" FSA action against PPI misselling

    29 September 2009

    Which? says the FSA’s move to make firms selling payment protection insurance review closed complaints is not good enough and says it must take stronger enforcement action against firms for poor complaint handling in the first instance.

  • Wood steps down as Paternoster chief exec

    29 September 2009

    Paternoster chief executive Mark Wood has stepped down from the role to become deputy chairman.

  • Yield fears for income funds

    24 September 2009

    Newton higher-income fund manager Tinekke Frikkee has warned investors that yields offered by UK equity income funds could plummet by the end of this year.

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