Money Marketing
25 March 2010

  • £200M fund to help fast-growing firms

    25 March 2010

    A £200m fund is being set up to help finance fast-growing companies. The Government expects to raise another £300m.

  • £3M Lighthouse provision for complaints

    25 March 2010

    Lighthouse Group has made provision of £3.18m for client complaints for 2009, up from just £133,000 in 2008.

  • 18% rise is cost of FSA 'deterrent'

    25 March 2010

    FSA business plan 2010/11

  • 32% use the internet for retirement advice while just 8% turn to an IFA

    25 March 2010

    Calvert: ‘The internet is not a threat to IFAs unless they ignore it. It is actually a superb opportunity’

  • 90% Of banks and societies fail Which? mystery-shop test

    25 March 2010

    Almost 90 per cent of banks and building societies gave inappropriate advice on how to invest a lump sum to mystery shoppers from Which?

  • A foot in both camps

    30 Mar 2010

    Phil Jeynes says protection advisers can be split into two camps.

  • ABI steps back from battle over projection figures

    25 Mar 2010

    The Association of British Insurers has drawn up draft guidelines for members on projection rates after accepting the FSA will not budge on the issue.

  • Adjudicator to rule on credit refusals

    25 March 2010

    The Goverment will set up an adjudicator to review complaints from SMEs that have been denied credit. It will have the power to enforce judgements where it feels credit has been wrongly denied.

  • Advantage to Cross

    29 Mar 2010

    10 MINUTES WITH… ANTHONY CROSS James Smith

  • Advisers and providers split over Nest charges

    25 Mar 2010

    Helen Pow gets industry reaction to 2% charge on contributions

  • Advisers ask why FSCS rejects non-Isa claims

    25 March 2010

    Keydata clients turned down for compensation

  • Analysts sceptical at growth forecasts

    25 March 2010

    Analysts were unconvinced by Chancellor Alistair Darling’s predictions of bullish growth after 2010.

  • Appeal court rules adviser is not liable after six-year limit

    26 Mar 2010

    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.

  • Ascentric helps wrap the pots simply

    29 Mar 2010

    “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

  • Bank on renewables

    25 March 2010

    An investment bank is planned that will control £2bn worth of equity for investing in green transport and sustainable energy.

  • Blast from the past

    29 Mar 2010

    MARR’S MARKETS Julian Marr

  • BUDGET 2010: Govt to consult on lump sums and couples' pooling pensions

    24 Mar 2010

    The Government will consult on whether small personal pension pots can be taken as a cash lump sum in addition to trivial commutation rules.

  • BUDGET 2010: Tax avoidance move puts burden on IFAs

    26 Mar 2010

    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.

  • Call a halt to change

    26 Mar 2010

    Yet another committee would just be regulation for its own sake

  • Can the FSA keep pledge to crack down on banks?

    26 Mar 2010

    Bank Advice

  • Capital gains

    25 March 2010

    Capital Asset Management chief executive Alan Smith says he wanted a different approach to advice and transformed his business so clients can now engage with and understand the process. Report by Cherry Reynard

  • CFA Society to develop QCF level four qualification

    26 Mar 2010

    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.

  • CGT stays at 18%

    25 March 2010

    The 18 per cent main rate of capital gains tax will not rise this year.

  • Complex common sense

    26 Mar 2010

    Lee Jones and Luke Moore report on the emergence of complex prime lending which aims to help people who are being turned away by the big banks but without suffering the problems of the sub-prime sector

  • Conveyance conundrum

    26 Mar 2010

    Paul Thomasreports on why the CML’s plea for tough solicitor regulation has been rejected by the SRA

  • Cut in business rates welcomed

    25 Mar 2010

    Chancellor Alistair Darling’s decision to cut business rates and double the annual investment allowance for small firms has been welcomed by industry experts.

  • Darling fails to fix flaws in housing

    26 Mar 2010

    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.

  • Darling squeezes the rich on way to the polls

    26 Mar 2010

    Chancellor Alistair Darling delivered a boring, politically loaded Budget that makes it difficult to write big headlines but was firmly intended to ease Labour’s difficult path to the general election.

  • Davidson joins FSA board as IFA representative

    25 March 2010

    Baigrie Davies director Amanda Davidson has been appointed to the FSA board as a non-executive director. She will be resigning from her role as deputy chair of Aifa to prevent potential conflicts of interest.

  • Dear Rob & Roderic...

    25 March 2010

    Our resident agony uncles and The Ideas Lab directors Rob Reid and Roderic Rennison answer adviser queries

  • Deficit cut too slow, say Tories

    26 Mar 2010

    Conservative leader David Cameron slammed Labour’s plans to halve the UK’s £167bn deficit by 2014, saying faster action is needed.

  • Election could delay FSSC bid

    25 Mar 2010

    Financial Services Skills Council interim chief executive Liz Field is concerned that a decision on the council’s bid for relicensing may be delayed until after the general election.

  • European rise looms for FSCS

    25 March 2010

    The Financial Services Compensation Scheme limit will “almost certainly” increase to €100,000 (£89,500), according to City minister Lord Myners.

  • Faster bank licences

    25 March 2010

    The licensing process for new banks will be speeded up in a bid to improve competition.

  • Four-year freeze poses IHT threat

    25 Mar 2010

    The last Budget of this Parliament has frozen the inheritance tax nil-rate band for the next four years which will mean that more estates will suffer an inheritance tax charge on death.

  • Four-year freeze poses IHT threat

    26 Mar 2010

    The last Budget of this Parliament has frozen the inheritance tax nil-rate band for the next four years which will mean that more estates will suffer an inheritance tax charge on death.

  • Freeman picked as Intrinsic CEO

    25 March 2010

    Intrinsic Financial Services has appointed Richard Freeman as chief executive officer. He has been at the company since it was set up in 2006.

  • FSA takes latest insider dealing arrest to criminal court

    30 Mar 2010

    The FSA has commenced criminal proceedings against Helmy Omar Sa’aid for insider dealing.

  • FSA takes part in joint swoop on insider dealing

    25 March 2010

    Six men have been arrested in a joint FSA and Serious Organised Crime Agency investigation into insider dealing.

  • Fundamental changes

    25 March 2010

    FundQuest’s Paul Kim says investors need to lock in profits while they still can

  • Gang were thwarted in £1.2m fraud

    25 March 2010

    The final member of a gang of mortgage fraudsters, who was on the verge of obtaining an illegal seven-figure loan, was sentenced last week to threeand-a-half years in jail.

  • Goal keepers

    25 March 2010

    Your business vision has become clearer, now you need to enter the key stage of setting goals. Write down what you want to achieve and you can react positively to issues such as RDR, pension reform and adviser charging

  • Govt expects 2% Nest charge to last 20 years

    25 Mar 2010

    Pensions minister Angela Eagle tells Parliament she expects 2% charge to last around 20 years.

  • Growing anger at move to go ahead with relief cuts

    25 Mar 2010

    Pension experts are outraged that Chancellor Alistair Darling is ploughing ahead with restrictions to higher-rate tax relief on pensions, having ignored near unanimous calls to reduce the annual allow-ance instead.

  • Hat-trick for Axa in protection awards

    25 March 2010

    Axa picked up the highest number of accolades at this year’s Lifesearch protection awards for the third year running.

  • Henderson to change name and policy of New Star technology fund

    26 Mar 2010

    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.

  • Ian Furniss to succeed Suffolk Life CEO Catchpole

    29 Mar 2010

    Suffolk Life appoints group finance director Furniss to succeed outgoing chief executive Henry Catchpole.

  • Ian Taylor

    29 Mar 2010

    Wraps in the UK are coming up to their 10th birthday this month and Transact’s managing director is proud of helping to blaze the trail. He believes the company is well placed for the next 10 years as it is already positioned for the RDR and concentrates on its core business of service for IFAs Interview by Tracey Scott

  • IHT threshold in the deep freeze

    25 March 2010

    The Government is freezing the inheritance tax threshold at £325,000 for four years.

  • IMA adding offshore funds

    25 March 2010

    The Investment Management Association is including a number of offshore funds within its sector classifications from April 1.

  • Income in the East

    29 Mar 2010

    INVESTMENT MATTERS Kira Nickerson

  • Isa limit to rise in line with RPI

    25 March 2010

    The Isa annual allowance will rise in line with the September retail price index for the preceding tax year.

  • It’s All About Managing Risk

    25 March 2010

    Changing fundamental elements of a business carries with it certain risks, but leaving significant change until the last minute, or to a tight timescale, magnifies these risks further. How are you managing yours?

  • Justice ministry probes chaser

    25 March 2010

    The Ministry of Justice has confirmed that it is investigating claim management firm Grass Roots Financial, which shares the same offices as suspended claim-chaser Cartel Client Review.

  • Lakey threatens legal action over RDR

    26 Mar 2010

    Adviser Alliance has told the FSA that it will take legal action if the regulator imposes mandatory higher qualifications under the retail distribution review.

  • Last wishes

    26 Mar 2010

    As the Chancellor polished up the details of this week’s Budget, Hannah Stodell asked IFAs for their lastminute hopes

  • Leader: Cherry Reynard

    25 March 2010

    Cherry Reynard Consulting Editor, Adviser Evolution

  • Life planning lessons bring benefits

    25 March 2010

    Case study James Harvey Associates

  • Liontrust's assets fall further in first quarter

    25 Mar 2010

    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.

  • Living wills to be the gauge for risk

    26 Mar 2010

    Legal Matters

  • March of the markets

    25 Mar 2010

    It is a year since the UK stock - market sank to a dismal low with stunning falls in some share prices but 2009 saw a remarkable turn-round with huge gains. Gregor Watt finds out if we can expect further growth

  • Merchant Cap in Keydata discussions

    26 Mar 2010

    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.

  • Myners tells banks to go back to old days

    25 March 2010

    Myners: ’Our major banks were ownerless corporations’

  • NAPF proposes £8,000 'foundation pension'

    29 Mar 2010

    The NAPF says the simple state pension would lift two million people out of means-tested benefits.

  • Nest heads for disaster

    25 Mar 2010

    Nic Cicutti

  • New rules in a new world

    25 March 2010

    Graham Hooper Marketing director All My Plans

  • On good form

    29 Mar 2010

    A couple of days at racecourses with upbeat investment managers and optimistic investors proves a welcome diversion to the Budget

  • OUT OF CONTEXT

    25 March 2010

  • Parallel lines

    26 Mar 2010

    “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.”

  • Pensions Regulator boosts budget following rise in avoidance cases

    30 Mar 2010

    The Pensions Regulator has boosted its core budget for 2010-11 to £29.5m, up £1.3m from the previous year.

  • Phoenix action

    26 Mar 2010

    “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.”

  • Product rating is the key to risk

    25 March 2010

    ADVICE

  • Property sector focus: Caution is the key

    26 Mar 2010

    Annie Shaw reports that investors are being attrac ted back to the commercial property sector by imp roved prospects but they are being urged to tread carefully with their choices

  • Property sector focus: Yield of themes

    26 Mar 2010

    Samantha Downes reports that income remains the driving force behinds property investment

  • PruProtect announces 300% new business spike

    29 Mar 2010

    PruProtect new business jumped by 309 per cent to £13.5m in 2009 compared with £3.3m in 2008.

  • Quantitative surveying

    25 March 2010

    This is the second of a series of articles that are designed to aid those looking to deepen or refresh their financial advice knowledge as the industry faces up to level four. This article will look at quantitative easing

  • Quinn Insurance in administration

    30 Mar 2010

    The Ireland-based insurance firm has been placed into provisional administration following an application to the High Court.

  • Raise money for the bears

    25 March 2010

    Money Marketing reporter Nicole Blackmore is running in the Virgin Money London Marathon on April 25 to raise money for Animals Asia.

  • RDR: Capital requirements will drive small advisers to networks

    26 Mar 2010

    An impact assessment published alongside today’s paper says networks will benefit from RDR changes.

  • RDR: FSA goes ahead with ban on factoring citing competition issues

    26 Mar 2010

    The FSA is going ahead with its ban on factoring after the Office of Fair Trading warned standardised rates could breach competition rules.

  • Rebak replaces Pothier on HSBC open funds

    25 Mar 2010

    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.

  • Referral points

    25 March 2010

    The days of buying lists of clients to build up an advisory business are fading but how should a modern advice practice go about generating newclients? Our two advisers agree that referrals are the ideal but differ on how to go about it and the other ways of building up a client base

  • Regulator needs to take lead in helping rebuild confidence

    26 Mar 2010

    Richard Fox

  • Resolution says financial discipline and timetables are stalling further deals

    24 Mar 2010

    Resolution says its “financial discipline” and vendors’ timetables have stalled further acquisition deals.

  • Retirement reform

    25 Mar 2010

    Raise the state pension age to 75 to head off a crisis

  • Review for retirement age

    25 March 2010

    Chancellor Alistair Darling has pledged to review the default retirement age and will either scrap it or offer greater flexibility.

  • Reynolds to leave PMS

    25 March 2010

    PMS director of business development Martin Reynolds is to leave the firm to pursue other opportunities. Managing director John Cupis will take over Reynolds’ responsibilities.

  • Richards makes move from Fidelity

    25 March 2010

    Fidelity International chief investment officer Nicky Richards is leaving the company after four years. FIL president and CEO for Europe Robert Higginbotham will take over direct responsibility for the investment division until a successor is appointed.

  • Risk fears at Aim link for Isas

    25 March 2010

    Advisers are concerned at Bud-get proposals to consult on making Aim shares eligible as a tax-advantaged investment for retail savers through Isas.

  • S&S brand to stay after merger

    25 March 2010

    Stroud & Swindon Building Society has agreed to merge with Coventry Building Society. The group will be known as Coventry Building Society but the S&S brand will remain. No decision has been taken on the broker brands.

  • Sales tactics make bank advice a ‘numbers game’

    25 March 2010

    THE EDITOR’S WEB COMMENT OF THE WEEK

  • Sants pledges to get tough over bank incentives

    25 March 2010

    Which? Future of banking commission - reports by Nicole Blackmore

  • School for support

    25 March 2010

    Advisers can get invaluable help in achieving RDR qualifications by linking up with the Money Marketing Academy website run in conjunction with the CII

  • Schroders cautious fund has benefited from consistent approach

    25 March 2010

    Schroders says a consistent approach and a stable team has helped its multi-manager cautious managed fund outperform the IMA cautious managed sector average in four out of the last five years.

  • Service industry

    25 March 2010

    The Business of Advice book and website looks at how to manage and grow advice businesses. In his third article, author David Shelton discusses choosing the right service framework for your business

  • Service wil search for specialists

    25 March 2010

    Lewis: ‘Need for quality advice’

  • Set realistic targets

    25 March 2010

    In the November/December issue of Adviser Evolution, MGP (Employee Benefits) felt five RDR questions needed answering. Director Kevin Cannon charts their progress

  • Slice of life

    29 Mar 2010

    The continuing complexities over tax means advisers must be well informed to help clients

  • Small pension boost

    25 March 2010

    Small personal pension pots may be allowed to be taken as a lump sum, with couples able to combine small pots to buy a joint-life annuity.

  • Some light relief

    29 Mar 2010

    With interest in VCTs running high, it is worth taking a fresh look at what appeal such holdings offer in the way of tax

  • Split decision

    29 Mar 2010

    Choosing between a discretionary or advisory investment manager does not have to be a case of either or

  • Staircase to heaven

    29 Mar 2010

    Profit is likely to be the driving force for the market over this year

  • Stamp break is little help as state banks are set to cut lending

    26 Mar 2010

    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.

  • Standard Life warning on dual charge against Nest

    25 Mar 2010

    Standard Life believes that providers looking to offer a dual-charge structure to recoup commission costs on corporate pensions may struggle to justify their products against the nat-ional employment savings trust.

  • Status symbols

    25 March 2010

    We live in the real world and are not full-time students so studying for exams means striking a balance between business, family and other commitments. The path to chartered status should not be taken lightly

  • Survival of the strategist

    25 March 2010

    FP Advance explores fee options and outlines their pros and cons. Recommendations around customer agreed remuneration in the RDR will force advisers to face up to the question: ’What do I get for my money?’ as clients see clearly what they pay for access to advice

  • Tech is back, 10 years after bubble burst

    25 March 2010

    Adviser Fund Index

  • The clock is ticking

    25 March 2010

    Help is at hand for advisers as the RDR draws closer although the sizable minority still considering leaving the industry need to formulate an exit strategy now

  • The dichotomy of Japan

    29 Mar 2010

    Despite the country’s problems, Neptune Japan opportunities fund manager Chris Taylor believe there is scope for returns

  • The need for collective strength

    25 March 2010

    Rob Reid Director The Ideas Lab

  • The reality of risk

    29 Mar 2010

    “The right procedure for getting people to understand risk is to forget the algebra and ask them to quantify their needs.”

  • The right to expect transparency

    25 March 2010

    PLATFORMS

  • The sum of the parts

    26 Mar 2010

    Looking back at the pluses and, mainly, minuses of Labour’s Budgets

  • Thiam sticks with his day job

    25 March 2010

    Prudential chief executive Tidjane Thiam has rejected a nonexecutive director role at Société Générale following strong criticism from shareholders that he should be devoting his time to dealing with the insurer’s acquisition of AIG’s Asian arm.

  • Time and type wait for no man

    25 March 2010

    The force of time has thrown my exam schedule out of kilter but with replanning and the aid of London’s transport system, I can get back on track

  • Towers leaving Standard Savings

    25 March 2010

    Former Standard Life Savings chief executive Geoff Towers is leaving the group at the end of March. Towers moved into the role of category director, established affluent in January.

  • Transact looks to add GPPs

    25 March 2010

    Transact is considering launching a group personal pension on its wrap.

  • Treasury group to probe bank incentives

    25 March 2010

    The Treasury-led Retail Financial Services Forum will investigate how staff targets and incentives within banks lead to poor outcomes for consumers.

  • Treasury note reveals £10m IFA bill for pension tax relief changes

    25 Mar 2010

    The Government estimates advisers will spend between 8 and 48 hours becoming familiar with the new rules.

  • Triple tax pact

    25 March 2010

    The Government is ready to sign three new tax information exchange agreements with Dominica, Grenada and Belize.

  • Trust rules' review

    25 March 2010

    The Association of Investment Companies has welcomed the news of a review of tax legislation for investment trust companies with a view to modernising rules.

  • Turner wants power to seize 'party punchbowl'

    25 March 2010

    Turner: Four macro-prudential tools put forward in speech

  • Value managers pay off as Witan beats benchmark

    25 March 2010

    Recent outperformance of the Witan investment trust relative to its benchmark has been attributed to a combination of a multi-managerapproach, the reintroduction of gearing and a commitment to share buybacks.

  • Volatile Aim not right for savings

    26 Mar 2010

    This is a Budget for the tabloids and not for the long term. Just how employers are meant to engage on providing benefits for employees when their own relief is being reduced is beyond me.

  • We need solution to Catch-2012 situation

    25 Mar 2010

    “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.”

  • Website comments

    25 March 2010

    Website comments on Amanda Davidson’s appointment to the FSA board:

  • West End buoys

    26 Mar 2010

    Gregor Watt reports that London is leading the way with a rental recovery

  • Whose default is buy to debt?

    26 Mar 2010

    Our panel consider the default rates on high-LTV BTL loans, the growth of Santander and the entry of Metro Bank

  • Zurich appoints Cecilia Reyes as chief investment officer

    29 Mar 2010

    Zurich Financial Services has appointed Cecilia Reyes as chief investment officer.

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