26 May 2011
Nic Cicutti says the FSA should pay attention to the growing number of headlines on VAT and charging.
Alan Lakey says we now have rules in place that are designed to constrain lending and benefit no-one.
FSA chief executive Hector Sants says UK financial regulators will essentially be supervisory arms of a European regulatory regime.
Tom Baigrie says the RDR will leave many IFAs in uncharted waters and the regulators do not care how high the waves rise.
Paul Kennedy says there is a risk that investors could end up paying more tax on their investment.
Peter Le Beau says that most businesses in the protection industry have failed to find real empathy with their potential clients.
John Greenwood says that flexible drawdown means some employees are now starting to see the benefits of being in their final-salary scheme being outweighed by the cost.
Mark Dampier says we should not rule out a fast rise in interest rates.
Simplistic and impolite as it may have been, my suspicion, voiced here last week that the presenters on the IQ Summer roadshow I have just chaired might first acknowledge the horribly tough investment environment and then offer reasons why their fund is so peculiarly well-placed to deal with it did not prove too wide of the mark.
Process is designed to reduce time it takes to pay out on life insurance claims.
Goddard says duty of care and loyalty is still to the client with restricted advice.
Former Aegon head of corporate affairs Francis McGee has joined the Money Advice Service’s corporate policy and external affairs team.
The FSA says advisers should “sense-check” their recommendations to ensure they reflect clients’ attitudes to risk rather than relying on a tick-box, process-driven approach to risk-profiling.
Managing director of unit trusts Simon Ellis says the firm is considering making some of its institutional fixed-income tracker funds available to retail investors.
Henderson head of multi-manager Tony Lanning has bought index-linked gilts for the first time in his £103m absolute return fund to protect against inflation.
Last-minute Government changes to the automatic enrolment self-certification rules will encourage employers to cut back on quality pension provision, experts have warned.
The Treasury select committee has called on the Independent Commission on Banking to publish the cost-benefit analysis.
Nationwide has reduced the maximum loan to value for non-home improvement loans from 85 to 80 per cent.
“Turns out the fraud department at my bank consider me buying a hot tub to be a suspicious transaction”
At 6.8 per cent of total funds under management, tracker funds are on a record high, says Joanne Ellul
Advisers will have to maintain their independent status if they gain clients through solicitor referrals, says the Personal Finance Society.
Platform providers should develop a low-cost offering for mass market investors following the retail distribution review, according to technology consultancy F&TRC.
PruProtect says Bright Grey and Scottish Provident’s additions to their critical-illness cover could have gone further.
The FSA should put pressure on HMRC to produce a clear guide explaining when financial advice is liable for VAT, says The Ideas Lab director Roderic Rennison.
A potential Sipp investment deal between Rowanmoor Pensions and property investment firm Millbak Wealth has been put in jeopardy.
Aifa director general Stephen Gay has suggested the Financial Conduct Authority will be more accountable than the FSA.
Pensions guru says auto-enrolment reforms will kill off the regular-premium personal pensions market.
Aegon business consultancy manager John Joe McGinley says companies must start getting themselves into shape for life under the new RDR regime.
Tisa is calling on the FSA to relax its conduct of business rules to make it easier to give advice on simple products online.
Nearly two-thirds of advisers would transact annuity business through platforms if this service became widely available, according to research from technology firm Dunstan Thomas.