Money Marketing
28 January 2010
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£9M cost of FSA individual registration on mortgages
29 Jan 2010
The mortgage industry faces a £9.4m bill following FSA proposals to regulate all individuals who advise on or sell mortgages, with annual costs of £1.6m.
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0.1% Rise sees UK out of recession
28 January 2010
The UK economy has emerged from recession, with the latest data showing growth of 0.1 per cent during the last quarter following a period of economic contraction which lasted six consec- utive months.
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A question of consolidation
28 January 2010
Two consolidators on the best strategy for newly acquired businesses. Should advisers be merged under one brand or retain an independent identity?
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ABI in plea for help for multinationals
28 January 2010
The ABI is calling for a more competitive and business friendly tax environment for multinationals in the UK. It says that more insurers may move their business overseas unless conditions improve.
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Aegon platform could be launched within a year
28 January 2010
Aegon is working with wrap tech nology provider GBST on the dev elopment of its platform, which Money Marketing understands could launch within a year. Milestone Wealth Management principal Neil Mumford says: “Life companies need to be in that area because the traditional model is very much broken. The majority of life companies that stay in the market without a solution will struggle.”
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Alan Lakey
28 Jan 2010
This protection specialist is an IFA champion who is fighting for advisers’ rights on key issues such as a 15-year long stop and RDR qualifications.
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Alpha 2 Omega goes into administration
28 January 2010
Move follows suspension over compliance concerns
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Annuity alert
28 Jan 2010
Annie Shaw reports on volatility affecting annuities plus the impending change in minimum retirement age
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Axa exits enhanced annuities due to Solvency II fears
28 January 2010
Axa is pulling out of the enhanced annuity market, claiming that Solvency II will red- uce the attractiveness of annuities for product providers and customers.
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Blanchflower calls for MPC to be axed
28 January 2010
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Blood simple
1 Feb 2010
How the rules on intestacy and partial intestacy apply when the deceased leaves a spouse but no children
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Broker banned by FSA
28 January 2010
The FSA has banned and fined a Bolton mortgage and insurance broker for failing to act with competence and capability.
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Brokers hit the roof over Skipton ceiling
28 January 2010
‘Lenders reneging on deals is a worrying trend’
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CFA plans to boost exam to level four
29 Jan 2010
The CFA Society of the UK says it plans to bolster its investment management certificate by September so that it qualifies as QCF level four instead of QCF level three.
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Charging myths
1 Feb 2010
Martin Bamford says IFAs should free themselves from the misconceptions about fees.
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Churchill to head Nest corporation
28 January 2010
Pension Protection Fund chair Lawrence Churchill has been appointed chair designate of the trustee corporation which will run the National Emp-loyment Savings Trust.
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Clear move to service
1 Feb 2010
Ian Jarvis of Bateman Jarvis says his platform allows him to spend more time with his clients.
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Clear route to take on challenge
28 January 2010
Fidelity’s Peter Hicks documents his attempts to acheive RDR-level qualifications.
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Clear vision
28 January 2010
Demonstrating an ongoing service is essential in the new RDR world and the first step is being clear about what you expect your business to achieve
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Combination harvester
29 Jan 2010
Screening the market plus 20 high-conviction ideas looks like a winning mix for Standard’s UK equity income unconstrained fund
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Corporate insolvency could rise by 20%
28 January 2010
Accountancy firm Carter Backer Winter partner John Alexander says corporate insolvencies could rise by as much as a fifth this year.
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Dalton Brown joins Barclays Wealth to head fund range
28 January 2010
Dalton-Brown: Barclays’ move
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Dampier has China fund concerns
28 January 2010
Hargreaves Lansdown head of research Mark Dampier has reiterated concerns over Anthony Bolton’s new China fund being offered in a closed-ended structure after Fidelity registered a China special situa- tions company at Companies House.
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DearRob&Roderic...
28 January 2010
Our resident agony uncles and The Ideas Lab directors Rob Reid and Roderic Rennison answer adviser queries
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Ex-Abbey chief aims to set up new bank
28 January 2010
Former Kensington chairman and ex-Abbey chief executive Peter Birch is understood to be seeking private equity backing from Blackstone to launch a new bank.
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Exams could pay off with lower PI rates
28 Jan 2010
Advisers who sit written QCF level four exams may get more favourable professional indemnity insurance terms to those who sit alternative assessments, according to PYV.
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Ex-FSA chief Kenmir takes regulatory role at PwC
28 January 2010
Kenmir: Significant change’
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Fraud is costing financial services £4bn a year
28 January 2010
Herdan: ‘Devastating effects’
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Freedom Sipp could take a year to be wound up
28 Jan 2010
It could take a year or more to fully wind up Freedom Sipp.
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FSA blunder exposed IFAs' email data
27 Jan 2010
The FSA has apologised for failing to protect the email addresses of hundreds of IFAs which were revealed in a mass email.
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FSA final notice for Mortgage Times
28 January 2010
The FSA has issued Mortgage Times with a final notice, revealing the network is in breach of its regulatory capital requirements with a shortfall o£971,060.
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General selection issues
29 Jan 2010
Investment Matters, Kira Nickerson
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Government must act on longevity
28 Jan 2010
“Longevity is the biggest issue that the Western World faces and yet the politicians do not act.”
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Group therapy
29 Jan 2010
IMA’s Ginny Broad explains the objectives of the IMA categories.
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House style
28 Jan 2010
Nic Cicutti
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IFA struck off for not paying an FOS award
28 January 2010
The FSA has struck off Northern Ireland IFA Brian McGee, trading as Brian McGee Inv- estments and Pensions, after he failed to comply with a Financial Ombudsman Serv- ice award.
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Industry at the crossroads
29 Jan 2010
Mortgageforce’s Kevin Duffy says mortgage regulation is at a meaningful crossroads.
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Investors reject Gartmore Japan funds' merger
28 January 2010
Gartmore shareholders last week voted against proposals to merge its £24m Japan opportunities fund into the forthcoming Japan absolute return fund.
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Is there life after debt?
29 Jan 2010
Marr’s Markets, Julian Marr
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Keydata income cash is being processed
29 Jan 2010
Administrator PricewaterhouseCoopers has confirmed that outstanding investor income payments relating to Lifemark have now been received by Keydata and are being processed.
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King wants radical change to end bailout expectations
28 January 2010
King: Restructure of banking
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Leader: Cherry Reynard
28 January 2010
Cherry Reynard, Consulting Editor, Adviser Evolution
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LibDems would keep the FSA and cut £10bn
28 January 2010
The Liberal Democrats have set out the key pillars of their economic manifesto which include plans to separate banking functions and keep the FSA as the UK’s financial regulator.
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Life of pi
28 January 2010
Pi financial managing director Tim Sutcliffe says the company offers advisers the middle ground between a traditional network and full independence, with numbers capped so pi can provide a personal service
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Mad about the plan
28 January 2010
The definition of insanity is doing the same thing over and over again and expecting a different result but by following a business plan, we can change the outcome
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Make the differentiation
1 Feb 2010
Julie Lord
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Matisonn quits Pru in return to South Africa
28 Jan 2010
Pru Health chief executive Shaun Matisonn is leaving the firm after five years.
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MM leader: Clause and effect of Skipton move
29 Jan 2010
Skipton’s recent move to scrap the ceiling on its standard variable rate was a low blow for borrowers.
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MPs want FSA to oversee advice given to councils
28 January 2010
MPs say the FSA should regulate the advice given to public sector bodies about managing cash reserves and investments.
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Myners says UK will not follow US bank break-up
28 January 2010
City Minister Lord Myners has defended the UK’s handling of the banking crisis and insisted the UK should not follow US president Obama’splans to separate retail and investment banking.
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Nationwide pilots new IFA arm
28 Jan 2010
Nationwide is piloting a new IFA arm, with a view to rolling it out across Cheshire, Derbyshire and Dunfermline building societies.
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Nationwide raises specialist SVRs
28 January 2010
Nationwide is to increase standard variable rates by between 0.3 and 0.5 per cent on mortgages from its specialist lending arms The Mortgage Works and UCB Homeloans.
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New Star funds look to Russia and Africa
29 Jan 2010
Henderson has ramped up exposure to Africa and Russia with its New Star fund of funds range.
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Newton and Standard funds fall off white list
28 January 2010
Newton’s Tineke Frikkee and Standard Life’s Karen Robertson are the two big-name exclusions from the latest Principal Investment Management white list.
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Organic planet
1 Feb 2010
“Since mid-2000, Neptune’s astronomic rise has continued - and there seems no sign of a let-up as the Isa season approaches”.
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PBR stealth tax will hit DB savers
28 Jan 2010
A quarter of a million high-earning defined-benefit pension scheme members could see their tax bill double as a result of details buried in last year’s pre-Budget report.
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Pension mission
28 Jan 2010
Steve Bee says that the new auto-enrolment laws are the most important piece of legislation we have seen for almost half a century.
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Plutus puts the focus on service
28 January 2010
Plutus Wealth Management co-founder Georgina Partridge says the firm is aiming at the service end of wealth management with a more transparent offering
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Price war looming for platforms
29 Jan 2010
TCF Fund Managers co-founder Gary Mairs says a platform price war is likely to break out in a fight for market share.
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Pru and OBSR link on five risk-rated funds
28 January 2010
Prudential has launched five risk-rated multi-asset funds in partnership with Old Broad Street Research.
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RDR – Have You Defined Your Business Strategy Yet?
28 January 2010
Now is the time to start devoting your energies to understanding how the RDR will impact you
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Regulator warning for brokers on client cash
28 January 2010
‘Unacceptable that firms are not ens uring appropriate protection’
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Return to fundamentals
29 Jan 2010
Boutique view - James Smith
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SimplyBiz sets up new investment firm
28 Jan 2010
SimplyBiz is setting up a new investment firm next month.
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SSAS clients face tax shock
28 Jan 2010
Ssas clients with unallocated funds could be hit with a 20 per cent tax charge if they allocate more than £20,000 to their pension in the next year
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St James’s Place ends year with 38% sales rise
28 January 2010
St James’s Place has revealed a 38 per cent jump in its fourthquarter new business for 2009. Sales reached £133.2m in the final quarter of last year, up from £96.4m for the final quarter of 2008.
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Standard is slammed with £2.4m fine for fund failings
28 January 2010
Standard Life has been fined £2.45m by the FSA for inappropriately marketing its pension sterling fund to risk-averse investors and failing to adequately investigate complaints.
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Standard WP rates stay at 2009 levels
28 January 2010
Standard Life has held regular with-profits bonus rates at 2009 levels despite last year’s stockmarket rally but cut most of its market value reductions.
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Status symbols
28 January 2010
This is the first 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
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Strategic points
28 January 2010
Strategic planning is a must for advisory businesses, who should view it as a process within a defined framework, and principals should be heavily involved. The Business of Advice gives you a step-by-step guide
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Strategic review for structured provider
28 Jan 2010
Gilliat Financial Solutions, the structured product arm of the Arbuthnot Banking Group, has undertaken a strategic review which may lead to redundancies.
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Suspensions at Fidelity in Hong Kong
28 January 2010
Fidelity International has suspended two senior fund managers in Hong Kong over a possible breach of its internal code of conduct.
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Taking stoch of retirement
1 Feb 2010
Stochastic modelling, constructing investment portfolios, two-tier advice and the divide between public and private pensions proved to be the basis of a contentious debate.
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The new tech boom
29 Jan 2010
Lee Jones reports on the return of technology in investment as tech funds produced a sector average return of 50 per cent over the last year
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The re-reg route
28 January 2010
Re-registration is a relatively simple process that can make advisers’ lives easier in the long term, with easier administration and potentially higher trail
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The review from here
28 January 2010
Advisers who create a review service that clients will value can also future-proof their business, enabling them to react in a crisis and deal effectively with change. You can also increase the fees you charge for the service
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Towry set for expansion after £30m cash boost
28 Jan 2010
Towry Law has received a £30m cash injection from US investment firm Asset Management Finance to fund expansion.
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Tranche-based plans will be hit by Ucits III
28 Jan 2010
The specialist structured product consultancy says traditional debt securities-based products could fade out by the end of the year.
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Transition trail
28 January 2010
Dean Harris of Harris & Associates talks to Cherry Reynard about changing adviser mindsets during the transition to RDR compliance
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Winter of discontent
28 January 2010
Gregor tells how a combination of illnesses, holidays and reshuffled deadlines meant he missed an exam and is behind schedule but determined to get back on track
