25 March 2010
Phil Jeynes says protection advisers can be split into two camps.
The Court of Appeal has overturned a county court decision which ruled an adviser should pay complaint costs to Lighthouse Group, on the basis of a six-year limitation clause.
“For me, it is a no-brainer. I often say to my clients that I’m a ’pot wrapper’,” says Fleming Macdonald’s Wendy Fleming
Experts have warned that the Government’s tougher disclosure obligations on tax avoidance schemes will put increased requirements on IFAs and will be difficult to police.
The CFA Society of the UK is developing a QCF level four qualification by combining an updated version of its Investment Management Certificate and the first level of the CFA programme.
Mortgage experts have attacked the Government’s housing market proposals set out in the Budget, saying they show a lack of understanding of the market.
Conservative leader David Cameron slammed Labour’s plans to halve the UK’s £167bn deficit by 2014, saying faster action is needed.
The FSA has commenced criminal proceedings against Helmy Omar Sa’aid for insider dealing.
FundQuest’s Paul Kim says investors need to lock in profits while they still can
Pensions minister Angela Eagle tells Parliament she expects 2% charge to last around 20 years.
Henderson Global Investors is seeking unitholder approval to change the investment policy and name of the New Star technology fund to the Hendersonglobal innovation fund.
Suffolk Life appoints group finance director Furniss to succeed outgoing chief executive Henry Catchpole.
Adviser Alliance has told the FSA that it will take legal action if the regulator imposes mandatory higher qualifications under the retail distribution review.
Liontrust Asset Management has seen a further decline in its assets under management continue in the first quarter of the year, down to £1.16 billion, according to a trading update released today.
Merchant Capital is in talks with Keydata administrator PricewaterhouseCoopers over the sale of its structured products book and residual third-party administration, Money Marketing understands.
The NAPF says the simple state pension would lift two million people out of means-tested benefits.
“The banks managed to scare most of us when we found that far too many of them did not understand what they were doing, nor did they seem to care for their clients.”
The Pensions Regulator has boosted its core budget for 2010-11 to £29.5m, up £1.3m from the previous year.
“We could now be entering a period of British politics and thereby financial supervision which may come to feel like sucking porridge through a straw.”
Samantha Downes reports that income remains the driving force behinds property investment
PruProtect new business jumped by 309 per cent to £13.5m in 2009 compared with £3.3m in 2008.
The Ireland-based insurance firm has been placed into provisional administration following an application to the High Court.
An impact assessment published alongside today’s paper says networks will benefit from RDR changes.
Jon Rebak is to take over the management of the HSBC open global return and open global distribution funds as Nicholas Pothier returns to his native South Africa.
Resolution says its “financial discipline” and vendors’ timetables have stalled further acquisition deals.
The big question is, why? The headline tax break was the two-year holiday for first-time housebuyers on purchases of up to £250,000 but I do not understand the thinking.
“The right procedure for getting people to understand risk is to forget the algebra and ask them to quantify their needs.”
The Government estimates advisers will spend between 8 and 48 hours becoming familiar with the new rules.
“I would have liked to have seen was a complete retraction of the crazy idea of taxing some people twice if they choose to save for a pension.”