24 February 2011
Keith Richards says the ever increasing cost of regulation and compensation is inevitably forcing up the cost of advice.
Rob Reid says IFAs should not simply rely on positive FOS statistics when lobbying against the banks.
Steve Bee looks at dealing with compliance issues as the pension reforms are introduced over 43 staging dates.
Chris Gilchrist says safety standards would have prevented every one of the misselling scandals of the last 15 years.
Drop in earnings follows £25m Scottish Equitable consumer redress payment.
Aviva and MetLife are both launching fixed-term annuity products that allow investors to take limited equity risk.
Axa Wealth UK chief executive Mike Kellard says the wealth management firm has considered entering the fixed-term annuities market but has no plans to launch a product.
Buckles is likely to move to a restricted advice model after the RDR as it believes it will be commercially unviable to continue to operate as an IFA.
Openwork has recruited two directors from Keith Carby’s new business Caerus Wealth Group.
The new Financial Conduct Authority will have a central strategic objective of promoting confidence in the financial system and a number of other objectives including protecting consumers and facilitating market choice.
In our articles charting transitions in the RDR era, Lisa Chantrey describes her company’s Shirley Valentine moment, when staff began to feel the positive effects of change.
House repossession rates have remained low throughout the economic crisis but, with interest rates set to rise, there are signs all that could be about to change. Rachael Adams reports
LV= says it will levy an exit charge on flexible drawdown clients to cover the cost of administering the product but is unlikely to levy an initial charge.
Novia has appointed former Skandia UK sales director Dave Chessell as regional sales manager for London and the South-east.
Law firm says new regulator’s powers to ban products and limit sales will effectively introduce product pre-approval despite Govt denials.
Consultation highlights concerns over “substantial minority” of insurers writing loss-leading new business and risking “material detriment” to policyholders.
Nearly a third of enforcement cases in 2009/10 did not result in disciplinary action, raising concerns about plans to publicise “intended” enforcement action.
CMS Cameron McKenna duo Simon Morris and Sarah Redditch on how the courts will review applications for judicial review against the FOS.
SG Wealth Management director Neil Shillito recounts how he and fellow directors hammered out a plan to build a fee-based business and how it has grown.
Financial services lawyers and Aifa have raised strong concerns over Government proposals to allow the new financial regulator to publicise ongoing enforcement investigations.
Protection advisers may have to tell clients if a premium has been loaded following the FSA’s review of oral disclosure requirements.
European Parliament economic and monetary affairs committee chair Sharon Bowles is calling on pension providers that charge “exorbitant fees” to give money back to investors.
Sanlam UK head of distribution and Buckles executive chairman explains why he thinks restricted is the way forward.
“I’ve got the hearing of a 20-year-old and fantastic lung capacity.”
The Government should allow employees to be auto-enrolled into both pensions and Isas as part of a radical shake-up of the savings regime, according to Standard Life.
Invesco Perpetual income manager Neil Woodford believes the market has completely misread the fundamentals of the industry and that valuations are all that matter.
Invesco Perpetual income guru says pharmaceutical sector represents one of the best investment opportunities in his career.