Money Marketing
3 June 2010
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Surviving the scrutiny
4 Jun 2010
Jonathon Crook, partner and head of contentious regulatory and financial services dispute resolution at Eversheds LLP, sets out a plan for firms to ensure they do not fall foul of FSA enforcement
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£14bn in the drop zone
3 Jun 2010
Over £14bn of assets now sit in consistently underperforming funds, according to Chelsea Financial Services’ latest relegation zone report.
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£450M cost of Nationwide's SVR pledge
3 June 2010
Nationwide: Fall in profits
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A better way to protect capital
7 Jun 2010
Chris Gilchrist predicts the emergence of off-the-shelf capital guarantees you can overlay on to selected fund portfolios.
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A spanner in the works
4 Jun 2010
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Adviser Fund IndexOn the defensive
3 June 2010
The story for the Adviser Fund Index balanced portfolio over the May rebalancing is one of a retreat in sentiment from Europe and fixed-interest investments. Both the fixed-interest and corporate bond sectors saw significant falls in panellists’ allocations while cash levels also saw a modest drop. The beneficiaries of this allocation switch were UK and Asia-Pacific equities.
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Advisers can take provider loans post-RDR
3 Jun 2010
FSA confirms advisers will be free to take commercial loans from banks, IFA networks and product providers.
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Ahead of the curve
3 June 2010
Tax changes are looming and preparing for them now as much as possible is an important part of an IFA’s CPD
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AIA-Pru deal is unlikely as AIG refuses to drop price
3 June 2010
AIG has refused to cut the terms of the proposed £24.5bn sale of its Asian business AIA to Prudential, making a deal look extremely unlikely at the time Money Marketing went to press.
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Aifa and Aegon look to bring in saveback scheme
3 June 2010
McGee: ‘Practical proposals’
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Annuities for the future
3 Jun 2010
Steve Folkard, head of pensions and savings policy at Axa Life, assesses the problems and challenges facing people planning their pensionsand looks at some of the products that might offer solutions
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Apollo assets hit £100m mark
3 June 2010
Apollo Multi-Asset Management says it is about to reach £100m in assets under management and has added its second-bestever structured product to its balanced managed and cautious managed funds.
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Bad and good company
4 Jun 2010
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BBA slams Euro bank levy
3 June 2010
The British Bankers’ Association has hit out at the European Commission’s proposals to introduce a levy on all EU banks, saying it could cause a new financial crisis and increase moral hazard.
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Breach of trust
3 Jun 2010
Nic Cicutti says the end of child trust funds is not something to celebrate
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Bric alternatives
7 Jun 2010
Gregor Watt and Lee Jones consider the potential of lesser-known emerging markets as doubts arise over the continuing performance of Brazil, Russia, India and China.
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Brokers slam 'illogical' cap on interest-only
4 Jun 2010
Brokers specialising in high-net-worth clients say that Lloyds Banking Group’s decision to cap interest-only lending for mortgages over £500,000 is illogical.
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Call for CGT taper relief wins industry backing
3 Jun 2010
Advisers voice support for Conservative backbencher John Redwood’s proposals for CGT to be tapered.
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Chesham changes mortgage terms
3 June 2010
The FSA has ordered Chesham Building Society to change three “unfair” terms in its mortgage contract. Following its merger with Skipton, Chesham will no longer offer new mortgages but will change its terms for existing customers.
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Coalition views
3 June 2010
Money Marketing/YouGov monthly 250-IFA benchmark survey
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Court throws out FSA insider dealing case
3 Jun 2010
Andrew King and Michael McFall have been acquitted of insider dealing by the Southwark Crown Court.
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Emergency action
3 June 2010
There is plenty that investors can do to safeguard their assets ahead of the June Budget
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Emerging from the crunch
7 Jun 2010
Lee Jones asks emerging market fund managers for their stock tips for success.
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Eurozone crisis is 'tip of the iceberg'
3 June 2010
Octopus Investments’ Thierry Serero has warned the eurozone debt crisis is the tip of the iceberg in terms of austerity measures facing global markets.
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Fallon and Tyrie favoured to head TSC
3 June 2010
Senior Tory backbenchers Michael Fallon and Andrew Tyrie are frontrunners to become chairman of the Treasury select committee. Fallon was previously deputy-chairman of the TSC.
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FSA has lifted trail shadow hanging over advisers
3 Jun 2010
Today’s Money Marketing contains a welcome confirmation from FSA that existing trail commission will continue for firms after 2012.
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FSA rebate rules must be for all platforms, say providers
4 Jun 2010
Ascentric and Standard Life call on FSA to include direct to consumer execution-only platforms in its final RDR rules.
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FSA to investigate Rambourg dealings
3 June 2010
The FSA is to launch an investigation into the conduct of Guillaume Rambourg, the suspended manager of the Gartmore European absolute return fund.
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FSA to look at fees policy in light of Aifa doubts
3 June 2010
The FSA says it will consider the Association of Independent Financial Advisers’ calls for an overhaul of its cost allocation for intermediary fees and will report its findings in November.
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Gateshead broker jailed for £2.2m mortgage swindle
4 Jun 2010
A Gateshead mortgage broker has been jailed for three years and nine months for his part in a £2.2m fraud and for witness intimidation.
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Glittering gems
7 Jun 2010
James Smith surveys the global emerging markets’ scene and details some of the leading fund managers’ approaches to the sector
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Hayes to run Axa sterling
3 June 2010
Former New Star fixed-interest manager Nick Hayes is to join Axa Investment Managers next week and will manage the Axa sterling strategic bond fund.
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HMRC says don't rely on its pensions data
3 Jun 2010
HMRC admits its pension systems are suffering “widespread” problems and as a result some of the data it has provided “should not be relied upon”.
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Hounds on the run
3 June 2010
The worst offenders in Bestinvest’s latest round of dog funds have found themselves hampered by exposure to UK small caps. Hannah Stodell reports
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Howorth predicts Nest opt-outs of up to 40%
3 Jun 2010
Opt-out rates for Nest could rise to 40 per cent, almost double Govt forecasts, according to Society of Pension Consultants president.
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IAM plans best strategy to play on market anomalies
3 June 2010
Fund of hedge funds manager International Asset Management expects credit and long/short equity strategies to perform well and sees opportunities for macro-strategies due to movements in fixed income and currency markets.
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If I Were You scheme links with WH Smith
4 Jun 2010
Financial concierge service set up by ex-Virgin boss Rob Clifford and ex-Egg chief Paul Gratton, is offering free membership to WH Smith’s loyalty scheme members.
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Invesco sees value in China
4 Jun 2010
Invesco Perpetual Asian fund manager Stuart Parks has raised his fund’s exposure to China despite concerns that the country may be overheating following the market recovery.
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Investors hit out at risk warning on IoM fund
4 Jun 2010
Investors accuse Isle of Man government after a geared traded endowment policy provider marketing a fund as “low risk” lost over a third of their savings.
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L&G chief Breedon to take chair at ABI
3 June 2010
Breedon: ‘Continue to improve our reputation with consumers’
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Leeds BS chief stands down
3 June 2010
Leeds Building Society chief executive Ian Ward is to retire from his position at the end of the year. He will remain as a director during the first quarter of next year until the society’s annual general meeting.
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Let them have it
3 Jun 2010
Allowing early access could give pensions back their appeal.
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Lloyds raising SVR on new mortgages
3 June 2010
Lloyds Banking Group has hiked the standard variable rate for new Lloyds TSB and Cheltenham & Gloucester borrowers and is no longer offering new customers the guarantee that its reversionary rate will never be more than 2 per cent above base rate.
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Loan strangers
4 Jun 2010
Will the Office of Fair Trading’s review remove barriers to entry into the lending market?
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MBO for Mortgageforce as West Brom makes £18.5m loss
3 June 2010
West Bromwich Building Society has agreed to sell Mortgageforce to management for a nominal consideration while retaining a minority interest in the broker franchise.
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MM leader: FSA on right trail with rethink over payments
3 Jun 2010
MM welcomes the much needed clarification from the FSA in this week’s issue regarding the status of legacy trail commission after 2012.
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Money spinner
3 June 2010
Replace CTFs with financial skills for kids and everyone is richer
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Murray rises in the East
4 Jun 2010
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Nervous energy
3 June 2010
Markets are edgy but there are still opportunities and European utilities are a case in point
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Northern Rock draws line under interest-only loans
3 June 2010
Northern Rock is the latest lender to clamp down on interest-only lending, with others expected to follow suit.
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Object failure
4 Jun 2010
Peter Hamilton is a barrister specialising in financial services at 4 Pump Court
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Openwork protection panel grows
4 Jun 2010
Openwork has expanded its protection panel from two to five providers.
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OPM identifies value in Russia and Brazil
3 June 2010
OPM Fund Management is selectively increasing emerging market exposure in its balanced managed fund with new positions in Russia and Brazil.
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Out of context
3 June 2010
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Paradigm hires Allison
4 Jun 2010
Former PTFS MD joins Paradigm as sales director.
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Pension kudos
3 Jun 2010
Steve Bee believes a non-contributory scheme could really pay for employers.
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Peter Hicks
3 June 2010
Fidelity head of retail distribution has overseen a period of great change for the IFA industry and as further change is on the horizon, he remains optimistic for the industry’s prospects.
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Poor performances earn red cards for Luckraft and Walker
3 Jun 2010
George Luckraft and Martin Walker are two of the leading fund managers to fall into Chelsea Financial Services’ latest relegation zone.
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Positive moves
4 Jun 2010
Dev Malle points out positive trends but warns not to get carried away.
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Pru chairman says jobs are safe
4 Jun 2010
Chairman Harvey McGrath says CEO has full support after $35bn AIA deal collapse.
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Reading the signs
3 June 2010
Even the most seasoned investors are finding the current markets difficult to read says Schroder’s Andrew Yeadon.
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Record entry for Manx walk
3 June 2010
Scottish Widows Parish Walk in the Isle of Man has received a record 1,705 entries.
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Risk awareness
8 Jun 2010
PruProtect actuarial and product director Deepak Jobanputra says people who purchase any insurance very often have little idea what they are actually covered for.
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Running on empty
4 Jun 2010
Richard Fox says the coalition seems united when it comes to housing.
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Sanlam adds to IFA team
3 June 2010
Sanlam has made two senior appointments to its UK IFA distribution team.
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SimplyBiz appoints duo to fill MD role
3 June 2010
SimplyBiz has appointed marketing director Matt Timmins and operations director Neil Stevens as joint managing directors of the group. The appointments, which take immediate effect, follow the death of Ian Thorneycroft, who held the role since SimplyBiz launched in 2002.
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Spencer-Churchill plans property firm
3 June 2010
Wealth boutique Spencer Churchill Miller Private founder Alexander Spencer-Churchill has quit the venture to set up a new company, ASC London, focused on property.
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Tale of trail
3 June 2010
Comission
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The challenge of abandoning commission
3 Jun 2010
Nicoll: New rules are not there to constrain adviser firms from seeking out credit on commercial terms
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The long view
3 Jun 2010
The coalition must bring some continuity if it is to tackle pensions says Paul Farrow.
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The only boss is the customer
2 Jun 2010
In Rob Reid’s humble opinion, the client owns the client.
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Tractor factor
3 June 2010
Markets are about as fickle as the weather just now says Brian Tora.
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True Potential poaches 2Plan's recruitment director
3 Jun 2010
True Potential has poached 2Plan Wealth Management’s recruitment director Miles Thurston.
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Waiting game
4 Jun 2010
Mark Dampier looks at the stratgey of PSigma’s Bill Mott.
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Webb plans review of auto-enrolment terms
3 June 2010
New Pensions Minister Liberal Democrat Steve Webb revealed that the scope for auto-enrolment could shrink, as he ann-ounced a review into the Nat-ional Employment Savings Trust last week.
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Why my staff have the key factor
3 June 2010
THE EDITOR’S WEB COMMENT OF THE WEEK
