26 January 2005
You have to wonder whether the policymakers at the Treasury and Inland Revenue really know what they are doing. Analysis by Standard Life senior technical manager John Lawson of the tax implications of holding residential property in self-invested personal pensions has put some solid figures on what most of us have been thinking.
IFA firm Wise Investment is planning an income fund of funds this year but anticipates difficulties in marketing it to other IFAs because of a general bias towards big-brand names.
Abbey head of multi-manager John Kelly has warned investors about the dangers of junk bonds.
A free financial advice pilot scheme by the Citizens' Advice Bureau is stalling because IFAs are reluctant to sign up.
The Association of Investment Trust Companies is pressing for a dedicated financial education agency.
Smaller growth companies should remember that business angels are principally motivated by profit, says private equity consultant AngelBourse.
Exchange traded funds are making a break for the mainstream but their success in the UK lags behind the US.
Axa IM UK chief investment officer Paul Griffiths is to combine the role with that of UK chief executive.He will continue to be based in London and will report to global chief executive Nicholas Moreau.
Bradford & Bingley's new mortgage proposition finally cements plans to rid it of its subsidiary arms and create a high-street multi-tie.
Berkeley Berry Birch deputy chairman Bill Main is stepping down only three months after being hailed as a "significant appointment" by chairman and chief executive Cliff Lockyer.
Torquil Clark has acquired neighbouring firm PS Employee Benefits in a deal that will more than quadruple company turnover.
Directors and top managers at Millfield have been handed huge share and bonus packages.
Four IFAs set out their manifestos for boosting pension saving.
Britannia Building Society is offering new two-year, five-year and 10-year fixed-rate mortgages.
Britannia InternationalGuaranteed Income and Growth Bond
Secure Mortgages has taken on board the talents of ex-Wolves goal machine Steve Bull to unveil its new financial services shop in Wolverhampton.
Cater Allen Private BankReserve Account For Pensions
Stockbroker and wealth manager Charles Stanley has set up a low-cost, low-entry threshold Sipp to attract pension savers with modest funds.
Cheltenham & GloucesterTwo Year Premium Fixed Rate Mortgage
The Chartered Insurance Institute is launching new exams on pension simplification.
Close Property InvestmentClosePip Isa and Pep
Close Property Investment has established the ClosePip Isa and Pep, a feeder fund that enables its ClosePip fund of property funds to be accessed through Isas and Pep transfers.
If IFAs had any confidence and respect for the FSA, that has been eroded in the last seven days.
Credit Suisse Asset Management has issued new dealing terms on its multi-manager range.
Threadneedle communications director Richard Eats is rejoining Cofunds on a part-time consultancy basis from this week to help the fund supermarket develop its strategy around the Legal & General tie-up.
F&C Asset Management claims that the latest White List report from Principal Investment Management shows that ethical funds do not always have to be risky.
FramlingtonManaged Balanced Fund
The FSA has warned homeowners about the dangers of overestimating the income they could receive from their property.
The number of first-time buyers entering the property market is at its lowest level since 1981, according to The First Time Buyer Annual Review by the Halifax.
It is little wonder that there is so much confusion surrounding the future of the housing market when there are at least half a dozen indices all claiming to offer the definitive picture as to what happened to house prices the previous month.
Henderson Global Investors has set up a Horizon global property equities fund which will invest in listed property securities worldwide.
Despite a brief interruption by my ramblings on the pre-Budget report, I have recently been concentrating on the important subject of inheritance tax planning using the principal private residence. On the face of it, this may seem like a subject of only passing importance to financial advisers as it does not involve any financial product but this would be a short-sighted view.
Non-conforming lender Mortgages plc believes the challenges to innovation posed by regulation will see lenders bounce back with some interesting products and it has its own range lined up, including plans for affordability-based lending.
The FSA has banned Michael Harding from acting as an IFA for submitting false documentation relating to his firm's pension review.
Heron House Financial Management adviser Saran Allott-Davey won the IFA Woman of the Year award 2004 at a ceremony in London's Docklands last week.
IFAs fear that a rescue plan for Eurolife secured bond holders has collapsed, leaving investors more than 15m out of pocket.
Our experts discuss initiatives to get first-time buyers on the housing ladder and whether confidence will return to the market.
The well-known public company at which I work is changing its pension scheme and giving me three options. What should I do?
It has been said that financial advice concerns protecting and enhancing the financial position of a client.
Ingenious Asset ManagementDirectional Bond Fund
The problem with having different inflation figures is you can use whichever suits your purposes, says Brian Tora.
Private investors felt more positive about markets in December than for the last seven months, according to the Interactive Investor sentiment barometer.
Legal & Generals whole of life protection plan is a whole of life insurance plan designed as a simple product for inheritance tax planning.
Solicitors can introduce general insurance products to non-independent sectors of the adv-isory market under new guidelines from the Law Society.
Legal & GeneralWhole of Life Protection Plan
Legal & GeneralWhole of Life Protection Plan
Lenders are increasing their efforts to tie or buy distribution, says Cartel managing director Carl Wright.
Lloyd George ManagementLG Asian Smaller Companies Fund
Lloyd George ManagementLG Global Emerging Markets Smaller Companies Fund
A new survey of e-commerce capabilities reveals wide disparities between providers' systems.
Despite the growing popularity of fund of fund investing, some advisers maintain that they are not the quick fix for asset allocation that investors may perceive them to be.
Nationwide Building SocietyTwo Year tracker
In my last article, I began to look at recent and imminent developments in the pension world. Over the next few weeks, I intend to discuss the implications for clients in all the areas undergoing change (see table below) and identify how knowledgeable financial advisers can add value to these clients.
The Plasma Warehouse Group is an enterprise investment scheme that is looking to raise between 200,000 and 500,000.
Pointon York Sipp Solutions is offering a corporate Sipp in conjunction with Seven Investment Management.
The Pensions Policy Institute website at www.pensions policyinstitute.org.uk is a mine of useful information and not just for people interested in high-level pension policy issues.
An open letter to former directors of Network 300 and Group 300 from ex-members of Network 300.
Mortgages plc has enhanced its process for payment of procuration fees, saying payments will be dispatched to networks, packagers and brokers within 24 hours of completion.
The Personal Finance Society may have already found its big regulatory issue to lobby on.
Less than half of mortgage lending last year was for house purchase, according to new figures from the Council of Mortgage Lenders.
The mortgage industry needs to focus on ensuring that the public are fully aware of the big changes brought by regulation.
I have never been great fan of Tom Cruise, with the exception of A Few Good Men, where the courtroom drama builds to a crescendo and has parallels with the recent L&G vs FSA spat.
A surge in individual savings of 130m has been put down to remortgagers who failed to spend the cash on home improvements or holidays.
Paragon Mortgages claims that landlords made total annual returns of over 31 per cent last year.
The new IFA Woman of the Year is determined to use her raised profile to encourage other women into the industry, believing they have natural skills which can help them excel as financial planners.
Money Marketing editor John Lappin assesses the implications of the financial services and markets tribunal ruling on the Legal & General appeal against FSA action.
cchm:ping chairman Lucian Camp says financial services companies should only consider specialist agencies.
Sesame Mortgages is setting itself a target of instructing more than 1,000 cases a month by the end of 2005 through its new eConveyancer system.
Schroders business development director (UK finan-cial institutions group) Robert Noach advocates regular-contribution saving and asset allocation to ensure a smooth ride and believes this year could see a marked shift in the fortunes of the savings market.
I thought it would be useful to look at the Pensions Act 2004 and put down a brief summary of what is going on with it and what we can expect to happen next. A sort of story so far, if you like.
With the property market slowing down, does the sub-prime sector offer an opportunity or a threat to brokers looking to diversify their business?
IFA network Falcon is planning to increase its IFA membership by one-third through a successful Aim listing of parent Sumus.
Do you think Legal & General has come out on top in its legal dispute with the FSA over endowment misselling?
The Mortgage OperationCapital Home Loans Prime Self Cert for Self Employed
The Mortgage Operation has set up two exclusive products aimed at the non-conforming market.
Jeff Travis, principal of the Sesame Business Exchange has joined IFA Cavendish Young as sales and development director.
UBS Global Asset Management is to offer a Ucits 3 fund to UK investors.
Scottish Widows and Clerical Medical will write to thousands of their with-profits policyholders this year for the first time informing them of upcoming MVR-free windows.