24 October 2007
The Money Marketing Live conference and exhibition at Manchester's G-Mex on October 30 will house over 40 industry speakers and 85 exhibitors. You also have a great chance to win a Mazda MX-5 sponsored by Edeus
Aberdeen Asset Managers Limited has announced the launch of the Aberdeen global - responsible world equity fund, a new sub-fund of Aberdeen global.
Sipp and Drawdown - how they scored
Arch Financial Products says it will not make any majot changes to the funds of funds it recently acquired from, Imsinger de Beaufort.
AWD Chase de Vere has taken over Jaffrey Financial Services, an adviser firm in Dundee, Scotland.
We still have the same nil-rate bands as before the pre-Budget report so just what is the effect of the IHT reforms?
Despite tough times ahead for the banking sector, it may be the best place to look for bonds
Edeus chief executive Michael Bolton says he does not know whether or not Edeus will remain totally independent as a result of the credit crunch.
Have the Chancellor's proposed CGT reforms weighted the argument in favour of collectives at the expense of bonds? Technical Connection's John Woolley and Tony Wickenden suggest the position has not changed significantly for many investors
Analysis of 12 European markets found the concept of specialist buy-to-let mortgages does not exist outside these shores, says Tanya Powley
BuildLoanIntelligent Finance Two Year Offset Fixed Rate for Renovators
Are all claims for endowment misselling - and personal pensions before that - spurious? I have been asking myself that since Money Marketing gave prominent coverage to a story in which Labour peer David Lipsey was quoted as saying some of those who claimed compensation in relation to the pension review were "not always truthful".
Close Investments has announced the launch of its new commodities fund, the Agricultural Commodities Trust.
The Barclays' director loves the intellectual stimulus of wealth management and relishes taking new products on to the market. His communicative philosophy has remained unchanged throughout a career which began as an actuary in Edinburgh. He believes today's savvy clients want advisers to keep it simple and convey exactly what it means for them Interview by Will Henley
Just two per cent of consumers have asked their adviser about 25 year fixed rate mortgages since July.
Aifa is calling for Alistair Darling to reconsider his pre budget report after being questioned by the Treasury Select Committee about his proposals.
Using off-duty nurses to compile summaries of client medical records for insurers to refer to when underwriting has been flagged up as another way to stop non-disclosure, rather than submitting clients' full medical records.
Muc of the pre-Budget report seemed cobbled together at the last minute
Downing Corporate Finance is aiming to raise up to £15m each for two lower-risk VCTs which will mirror each other.
Investors often buy unit trusts and Oeics in sectors which have performed well rather than looking at ones that are undervalued. But it is sensible to look at sectors of the major equity markets which have performed poorly over the past one or two years.
Asia and the emerging markets in general have been left comparatively unscathed by the credit crisis, writes Chris Salih
With the retail distribution review consultation deadline looming, industry submissions are coming in thick and fast.
Equitable Life has announced that its members have approved the transfer of its with-profits annuity policies to Prudential at an extraordinary general meeting in London.
Safe Home Income Plans has appointed Andrea Rozario as its first director general, effective from December 3, 2007.
First State is to launch a new media fund after the group acquired a second set of publishing assets from Wind-up Entertainment Inc.
Friends Provident has announced 36 per cent growth of international sales for Q3 to £2.1m, up from £1.5m in the same quarter of 2006.
The FSA is to investigate a wider cross section of hedge fund managers after uncovering a lack of appropriate controls and complacent attitude to risk in a review of the sector.
The FSA should have put more regulatory focus on ensuring Northern Rock had a fall back position in the event of a liquidity crisis, said Alistair Darling.
Scottish Widows has released a report that reveals just 41 per cent of women who could be saving for retirement are saving adequately, compared to 54 per cent of men.
Multimanager guru John Husselbee has led a management buyout that sees North Investment Partners become independent from Neptune Investment Management.
Chiefs of adviser groups seem split over whether they ought to be encouraging their advisers to be putting pen to paper and responding to the RDR individually or relying on the groups themselves to respond.
Wealth manager IAF Securities has teamed up with structured product consultancy Investment Design and Distribution to bring out a capital-protected bond linked to the total returns of the IPD UK annual index.
The Investment Management Association has called on the Treasury and the FSA to re-consider their proposals for a UK recognised covered bond regime.
The Investment Management Association has asked the FSA to tighten platform regulation so advisers can decipher between the services offered and charges incurred.
Fidelity is an organisation which elicits mixed emotions from IFAs. Some see it as a highly innovative fund management group, but a significant numbers of advisers object to the fact that Fidelity actively promotes its products direct to consumers rather than adopting an IFA-only stance on distribution.
Independent Insurance former chief executive Michael Bright was sentenced to seven years for two counts of fraud at Southwark Crown Court today.
Investors are paying higher multiples than they realise for life companies
There is scary potential for catastrophic losses of value to voluntary savings
American private equity group JC Flowers says it is in discussions with the board of Northern Rock about a possible offer for the lender and has unveiled the potential management team.
Some advisers say they have already adopted Peter Chadborn's suggestion to submit medical records with protection applications to prevent rejection of claims due to non-disclosure. However, Helen Pow says there are doubts it would work on a mass scale
Keydata Investment ServicesExtra Income Plan 15
A solicitor looks to organise his financial affairs in preparation for retirement
Meteor Asset ManagementPrima Growth Plan 4
The private banking industry could face significantly more work for an unclear benefit under Mifid, warns the British Bankers’ Association’s Private Banking Advisory Group.
Investors in Aim companies are having to adjust their sights after the Chancellor announced proposals to reform capital gains tax in his pre-Budget report. By Helen Monks
Nationwide Building SocietyHome Mover Five Year Fixed Rate With Fee
NationwideLifetime Tracker Remortgage - No Reservation Fee
Alternative investment strategies are unfamiliar to many IFAs, mainly because they have historically been the reserve of very rich or institutional investors.
CFA Institute has announced the appointment of Charles Cronin as head of CFA Institute Centre for financial market integrity of the Europe, Middle East and Africa region.
New StarHeart of Africa Fund
New Star International has announced the appointment of Arcangelo Barletta as country manager of Italy, to be based in Milan.
The government is right to review the Omo system but it should not be oversimplified
North Investment Partners has added an investment trust that focuses on primary healthcare properties to the diversified absolute return fund of funds it runs for City Financial.
Norwich Union has released its third quarter new business results which show that pension sales dropped by 17 per cent compared with last year.
Four-page focus begins with Gregor Watt looking at why alternative markets are no longer restricted solely to the super-rich
Pearl Assurance has called on Standard Life to clarify its position over any restructuring of its bid for Resolution.
Pearl says it does not understand why Resolution's board is not recommending its higher cash offer to shareholders in light of the withdrawal of its recommendation for Standard Life's offer.
This week saw Resolution join the growing monster that is multi-manager with the launch of its five funds into both the onshore and offshore markets.
There is a buzz right now around alternatives, with climate change funds grabbing most of the headlines but Philip Scott finds a degree of caution among advisers
FSA head of the retail distribution review Amanda Bowe urges advisers to read the paper and offer their opinion on its proposals
Fund promotion firm Protected Distribution has teamed up with Barclays to offer the protected water fund.
Known for its with-profits expertise, Pru aims to position itself as a provider of quality products backed by a multi-asset capability. Here, life and pension chief Gary Shaughnessy tells Money Marketing editor John Lappin he is proud that the FSA has picked up on much of Pru's business strategy in formulating the RDR paper, including factory gate pricing, and explains how it wants to help advisers make the transition to the post-RDR world
The Northern Rock soap-opera continued last week with the Chancellor given an easy ride from the Treasury select committee and European Commissioner Charlie McCreevy blaming "gold-plated" UK regulations for the crisis.
Resolution has accepted Standard Life's takeover offer in a surprising U-turn which sees Resolution's proposed merger with Friends Provident overthrown.
Resolution’s board has withdrawn its recommendation of Standard Life's £4.9bn offer for the firm after rival bidder Pearl upped its stake in the business to 24.2 per cent.
Resolution has confirmed that Standard Life has made an offer of 517p in cash and 0.715 Standard Life shares for each Resolution share today.
So have you responded to the RDR yet? Or let's put it another way, have you considered the situation and actively decided to leave it to others while informing them of your views through your network or support firm or by answering the Aifa survey?
Results season is once again upon us with Aviva, Prudential and Friends Provident all having announced their third quarter new business sales figures in the past few days.
Opinion is divided on whether advisers are better off answering the retail distribution review themselves or leave it to networks, support services companies and Aifa. We asked various players in the market for their views on the issue of whether you should respond. The consensus is that if you have strong views on the issue, then you should put in your own response. If not, you should, at the very least, make sure that you give your feedback to someone or some organisation that is responding ..
Remarking last week on how an appetite for risk had returned was more a consequence of the way in which emerging markets had behaved than a reflection of the performance of the lower end of the capitalisation stakes. The flood of money into less developed markets has been remarkable with China rushing ahead and the Hong Kong market up by about 40%.
Listening to the Richard Bacon show on Five Live the other night, he was interviewing an MP who was just about to take on the Northern Rock crew the next morning.
Our three experts give their views on deferred Sipps, the importance of Sipps with a drawdown facility, automated services and the appropriate level of client access to a provider's site
SPA ETFsSPA MarketGrader Mid Cap
Nine out of 10 of advisers believe GFA plans are detrimental for the FSA and the industry
T Bailey aims to take on the administration of another four or five multi-managers following its appointment as the authorised corporate director for three Wise Investments funds of funds.
T.Bailey Asset ManagementUK Best Ideas Fund
T.BaileyUK Best Ideas Fund
Thames River CapitalBalanced Managed Fund
Thames River CapitalCautious Managed Fund
Thame River CapitalGlobal Boutiques Fund
When you are informed that Edeus chief executive Michael Bolton will be one of the main speakers at a mortgage conference, you can pretty much expect he will make some headline grabbing comments.
The Mortgage Lender is offering a ‘no churn’ guarantee to its panel of lenders as the industry moves into what it says will be “an extremely choppy 2008”.
We are wrong to stress exams when competency is what really counts
IFAs looking to choose a client management system should see the way in which it can handle Sipp valuations as one of key criteria and almost every supplier would come up wanting
A master stroke by Osborne is followed by Darling's cynical move on IHT
It may have surprised investors that equities re-established their upward path so quickly, given the severity of the turmoil suffered by credit markets.
Imminent European regulation imposes new duties on financial advisers to help combat money laundering, says Lisa Kate Osofsky, senior financial adviser for corporate investigations at business intelligence consultancy Control Risk Group
The front pages of the financial services press have recently carried a few stories which were apparently issued by the ministry of the bleedin' obvious.