Money Marketing
26 August 2010
-
ABI talks with Government over DB ban
26 Aug 2010
ABI to clarify position on why it is seeking a ban on DB to DC transfers from April 2012.
-
Adviser role crucial in the rise of the workplace pension
26 Aug 2010
Steve Bee says advisers have a vital role in improving pension provision.
-
Aifa says ruling on Keydata does not set precedent for IFAs
26 August 2010
Aifa says the Financial Ombudsman Service ruling against Norwich & Peterborough Building Society over its advice on Keydata should not alarm IFAs who sold the products.
-
B&B considers legal action against same-day solicitors
26 August 2010
Bradford & Bingley is looking at taking legal action against solicitors who enabled borrowers to take out same-day remortgages through its specialist lending arm, Mortgage Express, during the property boom.
-
Banks fear new regulators won't be accountable
26 August 2010
The British Bankers’ Association is lobbying the Government over fears that the new Consumer Protection and Markets Authority and Prudential Regulation Authority will lack accountability.
-
Brokers expect premium tax to double
27 Aug 2010
Insurance premium tax will hit 10 per cent within the next five years, according to the Association of Medical Insurance Intermediaries.
-
Coalition shifts wholesale funding stance
27 Aug 2010
Mortgage experts believe the coalition Government has changed its stance on wholesale funding, offering hope that it may take steps to resolve the current funding shortfall.
-
Co-op may sell life arm in Britannia integration
26 Aug 2010
Co-operative Financial Services could look to sell off its life insurance arm as part of its integration with Britannia Building Society.
-
Currie aims for turn-round
27 Aug 2010
John Kenchington reports on a wide-ranging, year-long review by a fund company that is looking to regain its touch
-
Dotas position
26 August 2010
HMRC and the Treasury are aiming to bridge what they call an information gap with the IHT avoidance regime
-
Dual-pricing plea is rejected by the Government
26 August 2010
The Government says it will not intervene on behalf of mortgage brokers to put an end to dual-pricing, saying pricing and mortgage terms and conditions “remain commercial decisions for banks and building societies”.
-
Duel pricing
27 Aug 2010
Jonathan Cornell says that brokers must accept that dual pricing is here to stay despite threats to boycott lenders.
-
Early warning
31 Aug 2010
Dan Preddy says he hopes the CPMA can spot problems like PPI misselling
-
Faltering start for Bolton's China fund
26 August 2010
Anthony Bolton’s Fidelity China special situations fund lagged its MSCI benchmark over its debut two months in net asset value terms, although its share price outperformed.
-
Fidelity attacked for not allowing in-specie windfall Isa transfers
26 Aug 2010
Advisers and investors have slammed Fidelity for not allowing in-specie transfers out of its windfall Isa account to other managers.
-
Firms and staff support auto-enrol
26 August 2010
Over half of employers and 64 per cent of eligible individuals support plans for automatic enrolment into a workplace pension scheme from 2012, according to new Department for Work and Pensions research.
-
FOS backed iPad comp complaint advocates
26 Aug 2010
FOS promotes National Complaints Day where consumers could win an iPad for submitting the best complaint.
-
FOS refuses to reveal level of staff qualifications
27 Aug 2010
The FOS says financial qualifications do not necessarily make people good adjudicators.
-
From Russia with love
26 August 2010
Russia is currently unloved but the long-term investment case could warm the hearts of investors
-
Govt cracking down with tough line on Omo
25 Aug 2010
Mark Hoban gives industry ultimatum over OMO access, Govt has a “serious appetite for wholesale reform”.
-
Henderson would opt for boutique buy over big firm
27 Aug 2010
Henderson chief executive Andrew Formica says the firm is more likely to acquire a boutique rather than a big asset management business in the UK.
-
IEA says true deficit is £5trn
26 August 2010
The Institute of Economic Affairs says the Government has underestimated the size of the UK deficit, as including pension liabilities takes the official debt figure from £816bn to nearly £5trn.
-
IFA sellers beware
27 Aug 2010
Rob Reid says advisers need a reality check before moving into sale mode ahead of the RDR.
-
IFA tortoises will beat hares
27 Aug 2010
Chris Gilchrist says he is yet to be shown how anybody can build a national IFA that fulfils the onerous requirements for a genuine IFA as the FSA has defined them.
-
Importing inflation
31 Aug 2010
Inflation was in the news last week. Not only did we have the official UK figures, which showed the rise in the cost of living easing but still well above target but the Bank of England’s monetary policy committee minutes were published. Once again, Andrew Sentance disagreed with the other members of the committee and called for interest rates to be raised. His was a lone voice in the face of continuing uncertainty over the strength of the economic recovery.
-
Inflation in the mix
28 Aug 2010
Adrian Lowcock says investors should look to create a blend of different savings products to curb inflation eroding returns
-
Jupiter back in profit for first half
26 August 2010
Jupiter made a profit of £14.6m for the first half of the year after a loss of £6.5m for the same period in 2009.
-
'Keep Govt out of annuity advice'
26 Aug 2010
Annuity Direct calls for Government to steer clear of annuity advice unless it employs diploma-qualified advisers.
-
Lipper backs performance clawback
26 August 2010
Lipper has proposed that investment companies using performance fees should include a clawback feature to reduce charges if the manager fails to achieve targeted returns.
-
Losing the will
26 Aug 2010
Gregor Watt reports on moves to regulate the business of willwriting
-
Lower annual allowance is advisers' choice over relief cut
26 Aug 2010
Advisers would prefer to keep pension tax relief at the marginal rate and have a lower annual allowance.
-
Misplaced trust in banks
31 Aug 2010
Paul Farrow says that some people go back to the bank that missold to them initially
-
MM Leader: Don't make IFAs scapegoats in Keydata blame game
26 Aug 2010
The FOS’s decision to find against Norwich & Peterborough for its Keydata advice should, of course, not been seen as a blanket ruling against anyone who advised on the firm’s products.
-
N&P confident it can continue without a merger
26 August 2010
Norwich & Peterborough Building Society says any compensation on Keydata products will not be on a scale to threaten its independence.
-
'Not all Ucis are risky'
26 August 2010
The Association of Policy Market Makers has defended unregulated collective investment schemes after an FSA warning over the products.
-
Personality test
26 Aug 2010
s anyone who has ever tried to produce a column or any kind of story for a newspaper or a magazine will tell you, it isn’t easy writing to length. Most of us have a tendency to overwrite or underwrite and there are no prizes which one of those two I’m guilty of.
-
Platforms in clarity clash on rebate ban
28 Aug 2010
There is friction over whether the FSA should back down on its proposals to unbundle charges and ban rebates in an effort to make charging structures more transparent.
-
Prestwood sets up mentoring group for financial planners
26 August 2010
Prestwood Group has launched a mentoring programme for financial planners, led by a team of eight adviser mentors.
-
Principles of performance
26 August 2010
Leigh Grubb, chief operating officer at Alliance Trust Asset Management, says there is a place for performance fees but a shake-up is needed to ensure they are in the best interests of clients
-
Scepticism at thinktank's forecast of rate rise to 8%
27 Aug 2010
Mortgage experts are sceptical of The Policy Exchange’s forecast that interest rates could rocket to 8 per cent by 2012.
-
Self importance
27 Aug 2010
Paul Thomas looks at the options for self-employed borrowers following the MMR
-
Shake-up for Invesco global equity funds
26 Aug 2010
Invesco Perpetual has revamped its flagship £1.4bn global equity retail funds.
-
SJP takes Carron court action on loan
26 August 2010
St James’s Place has launched a £187,000 High Court claim against former senior partner Peter Carron. The claim relates to a £200,000 loan made to Carron in 2008 and is unrelated to the £1.8m in compensation SJP is paying out to former clients of Carron.
-
Solving the loaded question
31 Aug 2010
Alan Lakey says higher commission pushes firms into loading protection premiums.
-
Stockton moving from Lloyds for Countrywide role
26 August 2010
Lloyds Banking Group sales director of mortgages Nigel Stockton will join Countrywide as its new financial services development director on October 1.
-
System glitch delays Rock cutting application fee
26 August 2010
Northern Rock has postponed the reduction of its application fee from £250 to £99 due to a system error.
-
The changing face of UK fund business
30 Aug 2010
-
The meaning of guarantees
26 August 2010
The ’cost’ of guarantees is used as a stick to beat the industry but with reduced risk there must be reduced returns
-
Value judgement
30 Aug 2010
It is always important for first-time investors to get off to a good start. Formative experiences are often full of harsh lessons and it can be easy to become disillusioned.
-
Zurich hit with £2.3m fine for data loss
26 August 2010
The FSA has fined the UK branch of Zurich Insurance £2.3m for failing to have adequate systems and controls in place to prevent the loss of customers’ confidential information.
