28 July 2011
Martin Bamford says a lust for exotic funds has damaged the reputation of the IFA sector.
Nic Cicutti says the fact the Consumer Focus report was put together by people with little understanding of financial services was reflected in its results.
Jonathan Cornell says EU proposals on banks offering advice could benefit the UK broker market.
Paul Farrow says report gives people the ammunition to argue fees and charges are not much of an issue.
With hindsight, you would expect the FSA regrets its decision to so swiftly reject the Treasury select committee’s call for the RDR to be delayed by 12 months.
The flawed Consumer Focus “research” shows how much education is still needed to stop people being put off saving.
Following the latest IFA fine and ban for Ucis failings, Phil Billingham offers guidance on advising on unregulated products.
CWC Research’s Clive Waller believes the protection market is gently dying but the RDR could be the catalyst needed for a revival
Advisers have backed Government plans to link Isas and pensions, although concerns remain about Nest’s ability to cope with any potential reforms.
Advisers have welcomed the Treasury’s abrupt U-turn on plans to prevent savers using RPI-linked annuities without a floor to meet the minimum income requirement for flexible drawdown.
Ashcourt Rowan Financial Planning has defended its payment structure which offers advisers 2 per cent commission for recommending its in-house discretionary service to clients.
Firm warns product development may suffer as providers concentrate on changing systems.
Eden Financial UK equity fund manager Leigh Himsworth and global equity income fund manager Dan Roberts say their new funds will not invest in banks.
West Bromwich BS has postponed the issue of its £410m residential mortgage-backed securitisation due to concerns about market conditions in the eurozone.
Keydata founder Stewart Ford has challenged the FSA’s use of what he claims is legally privileged information in its investigation into Keydata at a judicial review in the High Court last week.
The Govt is facing calls to allow high-earners to permanently opt out of auto-enrolment due to concerns that some could face six-figure tax bills if they inadvertently void their fixed protection.
HSBC is launching three emerging market exchange traded funds, focusing on Hong Kong, global emerging Europe and global emerging markets.
The Law Commission is calling on the Government to bring th Dilnot commission’s proposals into statute via its proposed adult social care bill.
Templeton Emerging Markets Group executive chairman Mark Mobius is considering adding North Africa exposure into his global emerging market funds.
A suspect in the alleged fraudulent Gilher investment scheme has been charged with conspiracy to defraud.
Aifa director of policy Andrew Strange and Which? executive director Richard Lloyd debate the pros and cons of the long stop.
Savers with guaranteed with-profits annuities receive boost as Treasury increases amount of income that will count towards the MIR for flexible drawdown.
Vanguard is considering launching a high-yield tracker fund and a range of ETFs to plug the gaps in its UK offering.
Gross mortgage lending doubled in first half of year compared to same period last year.