29 August 2007
Seven Continent Investment has launched three property investment vehicles that it claims are high yield with no risk.
I would like to pose a question or two for the regulator and for the regulated. How far should a regulator be able to change things simply to make its life easier?
The Association of British Insurers has proposed abolishing the existing exemption which allows insurers to differentiate based on sexual orientation.
The Association of Independent Financial Advisers has welcomed the FSA's decision to press ahead with the proposed reform of the Financial Services Compensation Scheme.
Ernst & Young's insurance sector leader Shaun Crawford looks at how the RDR could fragment the IFA business.
Arc Fund Management has purchased independent financial advisory firm Throgmorton Asset Management in a potential £1.605m deal.
As the unfortunate populations of Jamaica and Belize will attest, weather storms cause far more immediate physical damage than financial ones. However, as we will identify over the next few weeks, financial storms do also cause considerable losses but their effect and impact may not be so obvious. Rumour, hearsay and tittle-tattle is flying around about which banks and hedge funds have been hit hardest.
Barclays has had to get an emergency loan from the Bank of England for the second time this month. The bank confirmed that it had borrowed £1.6bn from the BoE this week due to a ‘technical breakdown’ in its UK clearing system.
Buckles is considering launching a range of structured products to track the same benchmarks as its multi-manager Snowdonia Oeic range.
Close Investments has bolstered its property team with Maria Grubmeuller joining as head of research.
On the crest of a Wave, having successfully steered his third lender start-up out of the docks, this captain of the mortgage industry is confident that he can chart the choppy waters ahead and ride out a possible credit storm. By Will Henley
Funds such as Jupiter emerging Europe have held up well amid the chaos
96% of IFAs say the Government should abide by TCF on personal accounts
The longer the Federal Reserve waits to act decisively on interest rate levels, the greater the risk that the economy will enter a policy-induced recession, warns Global Strategy.
Blue Planet Investment Management is warning that the Federal Reserve is unlikely to cut interest rates in September, leading to a sharp fall in the markets this month.
First State has been criticised over plans to raise charges on two high profile funs.
The FSA has fined Select Mortgage Services £10,500 for poor financial promotions, inadequate sales processes and inappropriate systems and controls to manage its business.
The FSA’s new framework for recognising industry guidance came into effect today in a further step towards principles-based regulation.
Douglas Grant, head of business, actuarial, at Aegon Scottish Equitable, details the attractions of a third way for funding retirement income
One of the changes under the new Chancellor has been to announce the bringing forward of the pre-Budget report to October. In the last few years, it has been in early December.
GMAC-RFC says it will not be reducing its maximum LTV to 75 per cent for packagers and will not be putting up its rates imminently.
Longer working lives and greater awarness of the need to use equities to boost returns on pension funds may mean that time is running out for lifestyling options, reports Will Henley
Hargreaves Lansdown has announced a 34 per cent revenue increase over the past 12 months as the group revealed its first annual results as a listed company.
Identity theft is one of the fastest-growing forms of crime. Most IFAs probably think of it as a risk that big financial institutions rather than advice firms need to address but advisers have a wealth of personal and financial information about clients.
The Insight Investment European small cap fund has received an ‘A’ rating by Standard & Poor’s Fund Services.
Association of British Insurers head of protection Nick Kirwan believes it is. He says the protection industry, which has recently been repricing at a feverish rate, will skip daily pricing moving straight to real-time, interactive pricing.
Positive Solutions has confirmed that former Barclays Financial Planning managing director Jim Reeve has been appointed the company’s new chief executive.
Pensioners' income in retirement could be calculated according to where they live if a pilot study launched by Legal & General and Hargreaves Lansdown proves successful.
Raising the threshold on chargeable lifetime transfers significantly reduces advisers' IHT compliance burden
Miton Optimal's plans to gain exposure to a global mega-cap fund in its multi-asset portfolio have been put on ice as manager Tom McGrath is waiting to see an upward trend in the markets.
The US Federal Reserve’s actions to inject liquidity and cut the discount rate were intended to alleviate the money market, but it does not necessarily mean that the Fed will cut interest rates, according to JPMorgan Asset Management.
The fallout from the US sub-prime market is still causing jitters across stockmarkets but mortgage IFAs and brokers want to know what it means for them and their clients.
The apparent catalyst for the current turmoil in the capital markets was the announcement on July 8 by BNP Paribas that it was suspending redemptions on three hedge funds with a combined value of about £1.1bn because it could not properly value their holdings of mortgage-backed securities.
Nicola York reports on fears about the RDR's effect on pensions
Leading platform providers will allow advisers to bulk reregister in specie transfers between platforms from as early as 2008.
PSigma is to launch a US large-cap growth fund after announcing the appointment of former Credit Suisse stalwart James Abate.
India's economy is growing but it must follow a genuinely sustainable path that other countries can follow
Last week, I returned to the airwaves for the first time in some months. The subject matter seemed particularly apposite, given the state of markets. How should investors go about buying shares was the question posed to me. Inevitably, it led into whether private individuals ought to buy shares direct and what was my opinion of the wild gyrations in the market at present.
Skandia Investment Management says the timing of the launch of its global emerging markets fund of funds is right despite the recent market volatility caused by the credit crunch.
Standard Life's life and pensions EEV gross operating profit in the UK increased by 70 per cent to £252m in the first half of 2007, up from £148m in the same period in 2006.
STOXX Limited has launched the Dow Jones STOXX Private Equity 20 Index, which tracks the performance of the 20 largest private equity companies in Europe.
Is it good tactics for a client to make an early exit from a pension fund?
Tanya Powley looks at the sub-prime crisis unravelling in the US, with more firms joining the fallout and asks how UK firms will be affected
SVM claims that the recent market volatility may not signal the end of the bull market, saying that the crisis so far is a question of liquidity not solvency.
The FTSE 100 index fell by over 200 points on July 26, its biggest fall in five years, and with the stockmarket highly volatile ever since, the cautious and the elderly should consider guaranteed equity bonds.
Aifa's RDR paper on adviser segmentation raises many important questions over the FSA's plans that the regulator needs to provide full answers to before going ahead.
Robert Burdett and Gary Potter began as co-heads of multi-manager at Thames River last week. The former Credit Suisse pair will soft-launch five funds in September before the portfolios go fully live in October. Here, joined by investment director Mike Warren, they talk to Chris Salih about why they joined Thames River and what their plans are
Tinkering with distribution will not remove the need for public education
I am considering taking bets on how many times I will be writing my blog on the current liquidity crisis following the continued fallout from the US sub-prime crash.
It was a mixed bag last week in the world of regulation. Aifa welcomed the FSA's decision to press ahead with the proposed reform of the Financial Services Compensation Scheme.
What new inheritance tax proposals could mean for financial services
A consultation on life insurance law has revealed concerns over restrictions on taking out cover
As a teenager, I found myself working in an upmarket men's boutique to earn an income. Many of the lessons learned there in terms of treating customers fairly still hold good in my present role. Working in the boutique created an interest in clothes and being up to date but stopped at me becoming a slave to the latest fashion.
The Retail Distribution Review is far reaching as we all know but I did not expect it to be so far reaching as to infringe on my journey into work the other day.
First State Investments has reignited the on-going debate over charges this week after the fund house announced proposals to raise the annual management charge on its £877m Asia Pacific and £183m Greater China growth portfolios from 1.5 to 1.75 per cent.